Follow Warren Buffett With These Stocks and ETFs

Group 1: Buffett's Investment Strategy - Warren Buffett, known for his value investing style, made new positions in two stocks in Q2 2024: Heico and Ulta Beauty [2][3] - Heico shares were purchased at 1.04 million shares, while Ulta Beauty saw over 690,000 shares acquired [2] Group 2: Valuation Metrics - Ulta Beauty trades at a Price/Earnings (P/E) trailing 12 months (TTM) of 15.93X, compared to the industry average of 10.30X [3] - Heico's P/E (TTM) stands at 74.59X, significantly higher than the industry average of 33.23X [3] - Chubb trades at a P/E (TTM) of 12.10X versus the industry average of 15.58X, while Occidental Petroleum trades at 14.46X against an industry average of 13.73X [6] Group 3: Additional Investments - Buffett increased his position in Chubb by 4.3%, making it Berkshire's ninth-largest holding [4] - He also acquired 2.43 million shares of Liberty SiriusXM Group Class A and 4.52 million shares of Class C, along with 96.2 million shares of Sirius XM, raising Berkshire's stake by over 262% [5] Group 4: ETF Recommendations - For investors concerned about overvaluation, ETFs like TCW Compounders ETF GRW and SPDR S&P Aerospace & Defense ETF (XAR) are suggested for Heico [4] - Ulta has a 4.66% weight in Neuberger Berman Next Generation Connected Consumer ETF (NBCC) [4] - Occidental-heavy ETFs include Texas Capital Texas Oil Index ETF (OILT) and First Trust Nasdaq Oil & Gas ETF (FTXN) [7]