New Delhi, Aug. 16 -- Berkshire Hathaway acquired about 5 million shares of UnitedHealth Group Inc. in the last quarter making a stake of about USD 1.6 billion in the company.
Reportedly, the stake puts UnitedHealth at the 18th-largest position in the portfolio of Berkshire. Now, UnitedHealth is standing behind the giants like Amazon and Constellation Brands.
Following the news of investment from Buffet's group, stocks of UnitedHealthcare Group witnessed a surge of about 13 per cent on Friday.
As per the filings, UnitedHealth attracted multiple investors in the last quarter, including Michael Burry and Appaloosa Management's David Tepper.
UnitedHealth shares witnessed multiple backward jerks, but the regulatory filing made by Berkshir...