Warren Buffett‘s Berkshire Hathaway Inc. BRK BRK has made a significant pivot towards the U.S. housing market, according to its second-quarter 13F filing for 2025, which was filed on Aug. 14, 2025.
The legendary investor established several new positions in home construction and building supply companies while dramatically increasing his stake in another, signaling a strong conviction in the sector.
Summary Of Berkshire’s Key Housing-Related Moves In Q2
| Company | Type of Change | Shares Held (as of June 30) | Value (as of June 30) |
| Pool Corp. POOL | Position Increased by 136% | 3,458,885 | $1.008 billion |
| Lennar Corp. LEN | New Position | 7,048,993 | $779.689 million |
| Nucor Corp. NUE | New Position | 6,614,112 | $856.792 million |
| DR Horton Inc. DHI | New Position | 1,485,350 | $191.491 million |
| Allegion PLC ALLE | New Position | 780,133 | $112.432 million |
| Lennar Corp.’s Class B LEN | Position Increased by 19% | 180,930 | $19.042 million |
Buffett Bets On Homebuilders
The most notable move was a 136% increase in Berkshire’s holding of Pool Corp. POOL, a distributor of swimming pool supplies.
The position grew from 1,464,000 shares in the first quarter to 3,458,885 shares by the end of the second quarter on June 30, 2025.
Berkshire Hathaway initiated major new stakes in two of the largest U.S. homebuilders:
DR Horton Inc. DHI: A new position of 1,485,350 shares was acquired, valued at $191.49 million.
Lennar Corp. LEN: Berkshire added a new stake of 7,048,993 Class A shares worth $779.69 million. This is in addition to boosting its existing stake in Lennar Corp.’s Class B LEN shares by 19%, from 152,572 to 180,930 shares. The total value of Berkshire’s Lennar holdings is now approximately $799 million.
Expanding Into Building Materials And Supplies
Beyond homebuilders, the filing revealed new investments in companies that supply the construction industry:
Nucor Corp. NUE: A new position of 6,614,112 shares in the steel producer, valued at $856.79 million.
Allegion PLC ALLE: A new stake of 780,133 shares, valued at $112.43 million.
These moves come at a time when the spread between U.S. home sellers and buyers is the largest it has been in a decade.
According to a Redfin analysis published on Aug. 4, 2025, there were 1,922,546 sellers and 1,413,331 buyers in the market as of June 2025. Additionally, mortgage rates have fallen to their lowest level in 10 months and the lowest of 2025, according to the Primary Mortgage Market Survey.
Price Action
Deere stock fell 6.79% on Thursday after the results and rose 0.18% in after-hours. The stock was up 14.51% year-to-date and 28.29% over a year.
Benzinga's Edge Stock Rankings indicate that DE maintains a stronger price trend in the long term but a weaker trend in the short and medium terms. However, the stock scores well on quality rankings. Additional performance details are available here.
The SPDR S&P 500 ETF Trust SPY and Invesco QQQ Trust ETF QQQ, which track the S&P 500 index and Nasdaq 100 index, respectively, rose in premarket on Friday. The SPY was up 0.24% at $646.48, while the QQQ advanced 0.057% to $580.22, according to Benzinga Pro data.
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