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Berkshire Hathaway’s Cash Position Hits Record
Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A, BRK.B) has seen its cash holdings soar to a record $382 billion, accounting for roughly one-third of the company’s total market capitalization. This surge is notable as Buffett has historically discouraged holding cash. Additionally, Berkshire recently reported a $15.5 billion reduction in two of its top holdings, Apple and Bank of America, indicating net selling activity in the last quarter.
Despite concerns over this unusual cash accumulation, Buffett is not attempting to time the market. Instead, he appears to be awaiting better investment opportunities, opting not to force purchases. Berkshire has refrained from share buybacks this past quarter, a stark contrast to its previous activity of repurchasing tens of billions of dollars in its own stock.
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