Berkshire Hathaway’s Record $277 Billion Cash Reserve Amid Massive Stock Sales 📊

Investment giant Berkshire Hathaway is currently holding a historic $277 billion in cash amid economic uncertainties.

The firm, led by Warren Buffett, reported net stock sales of $75.5 billion in the second quarter, pushing its total stock sales in 2024 past $90 billion.

Notably, Berkshire significantly reduced its Apple holdings by nearly half during this period.

In recent moves, Berkshire also cut its stake in Bank of America, selling $769 million worth of shares over 12 days.

At the May annual meeting, Buffett discussed the firm’s cash reserves and market conditions, emphasizing a cautious investment approach: “We’re ready to invest, but only in opportunities that offer minimal risk and high returns. It’s not a matter of urgency, but of finding the right prospects.”

Berkshire’s operating earnings for the second quarter rose to $11.6 billion, compared to $10 billion the previous year.

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