Berkshire Hathaway Amasses Record $277 Billion Cash Reserve

Berkshire Hathaway, led by Warren Buffett, sold over $90 billion in stocks in 2024, including significant reductions in Apple and Bank of America holdings.

The company, which is guided by Warren Buffett, reported net stock sales of $75.5 billion in the second quarter, bringing its total stock sales in 2024 to over $90 billion.

Berkshire's Apple holdings were substantially diminished by nearly half during this period.

Berkshire has also recently reduced its ownership of Bank of America, selling $769 million in shares over the course of 12 days.

Buffett spoke at the May annual meeting about the company's cash reserves and market conditions, emphasizing a cautious investment strategy: “We are prepared to invest, but only in opportunities that provide high returns and minimal risk.” The issue is not one of urgency; rather, it is one of identifying the appropriate prospects.

The operational earnings of Berkshire for the second quarter increased to $11.6 billion from $10 billion in the previous year.