Berkshire Hathaway Increases Stake in D.R. Horton in Latest 13F Filing

Berkshire Hathaway's second-quarter 13F filing shows the addition of 5.2 million shares in D.R. Horton, bringing the total to over 39 million shares valued at approximately $5.7 billion. The filing also records larger positions in Alphabet Class C shares and Delta Air Lines common stock. These moves occurred against a backdrop of elevated mortgage rates and constrained housing supply.

The 13F data, submitted to the SEC on August 14, 2024, documents Berkshire's continued preference for domestic housing exposure over international alternatives. D.R. Horton remains the largest homebuilder by volume, with 2024 deliveries tracking above 80,000 units. Alphabet and Delta additions reflect separate sector weightings rather than housing correlation.

Housing market data from the National Association of Realtors indicate existing-home sales at multi-decade lows while new-home sales hold steadier. Berkshire's stake increase aligns with incentives to capture volume growth in new construction amid persistent rate sensitivity. No statements from Berkshire management accompanied the filing.

Future quarterly 13F disclosures will reveal whether the position size changes with further rate movement or inventory shifts. Primary records show no corresponding reduction in other real-estate-adjacent holdings.