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Many want to mirror the legend’s investing strategy and emerge a winner, having navigated the turbulent financial and economic waters.Want to Follow Buffett’s Q2 Buys?Buffett took new positions in only two stocks in the second quarter of 2024. He purchased 1.04 million shares of aerospace and electronics companyHeico HEI for Berkshire Hathaway's   portfolio. He also bought over 690,000 shares of cosmetics retailer Ulta Beauty ULTA, per Motley Fool, as quoted on Yahoo Finance.Both Heico and Ulta Beauty shares are not undervalued. Ulta trades at a Price/Earnings (P/E) trailing 12 month  of 15.93X versus the industry average of 10.30X. 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