Berkshire Hathaway has built up sizable investments in a handful of companies, according to a filing released on Thursday.

Warren Buffett's modus operandi is to wait for price dislocations to present themselves. In a historically pricey stock market, locating value has been virtually impossible. Yet, with UnitedHealth Group stock losing more than half its value since the midpoint of April, a rare price dislocation has emerged.

Buffett owned UnitedHealth shares before selling his stake in 2010, though his Berkshire Hathaway recently acquired shares.

Given Buffett's concern over the stock market, it makes sense for investors to buy the most conservative stocks in the Berkshire Hathaway portfolio.

Leveraged positions in the stock market jumped 18% in one month and topped $1 trillion for the first time. Increasing use of debt to invest can tell us a lot about investors' attitudes. And while this has always been the case,

Warren Buffett has built his legendary investment success by embracing market crashes rather than fearing them. Learn his time-tested strategies for turning market panic into profits.

Shares of UnitedHealth Group are surging before the market open Friday as Warren Buffett’s Berkshire Hathaway disclosed that it recently purchased shares of the beleaguered insurer.

Warren Buffett is telling investors something -- not through what he has said, but through his actions with the balance sheet of his investment conglomerate Berkshire Hathaway ( BRK.A -0.40%) ( BRK.B 0.83%). These actions should be taken as a warning sign with the stock market reaching elevated valuation levels in recent months.