Berkshire Hathaway invests in major developers: the company bought DR Horton shares for $700 million

It was learned that Berkshire Hathaway bought more than $700 million in housing developer DR Horton this spring, along with smaller stakes in other real estate developers Lennar Corp. and NVR Corp.

Berkshire disclosed the new investment on Monday in the Securities and Exchange Commission's quarterly report, which shows the conglomerate's holdings as of the end of June.

Investors always keep a close eye on Berkshire's moves because of Buffett's amazingly successful track record over the years, but these documents don't make it clear which steps Buffett took and which were handled by one of the company's other two investment managers from Omaha, Nebraska.

Buffett typically manages all of the largest $350 billion portfolio investments worth $1 billion or more. Three stakes in residential construction together are worth about $800 million.

Buffett's company made a number of other portfolio changes in the second quarter, including cutting its stakes in General Motors and Globe Life and increasing its investment in Capital One.

Buffett's company has also ditched smaller investments in Marsh & McClennan, McKesson Corp. and Vitesse Energy.

Berkshire's largest holdings in Apple and Bank of America shares remained unchanged.