Warren Buffett Just Spent $3.9 Billion Investing in 10 Different Stocks. Here's the Best of the Bunch.

Core Insights - Warren Buffett's investment strategy remains focused on equities, despite challenges in finding value in the current market [1][2] - Berkshire Hathaway's cash position has increased to $344 billion due to more stock sales than purchases over nearly three years [2] - In the last quarter, Berkshire invested $3.9 billion in equities, acquiring 10 new positions [3][5] Investment Opportunities - Berkshire established or added to 10 positions, including UnitedHealth, Nucor, Lennar, Constellation Brands, and others [5] - UnitedHealth's stock is seen as a potential opportunity despite facing challenges such as poor financial results and an investigation into Medicare Advantage fraud [7] - Nucor is positioned to benefit from increased demand in data center construction and reduced competition from foreign suppliers due to tariffs [8] - Homebuilders like Lennar and D.R. Horton are under pressure from high prices and interest rates, but the ongoing housing shortage presents a buying opportunity [9] Constellation Brands - Constellation Brands is highlighted as a company with a strong competitive advantage, owning exclusive distribution rights to popular Mexican beer brands [11][12] - The company gained market share in the beer segment, capturing 0.6 points of dollar sales share last quarter [13] - Despite challenges in its wine and spirits business, Constellation generates significant free cash flow, projected at $1.5 billion to $1.6 billion this year [15] - The stock trades at less than 13 times forward earnings estimates, making it attractive for value investors [16][17]