From CNBC: 2024-11-02 09:12:24

Warren Buffett’s Berkshire Hathaway amasses $325.2 billion in cash, selling off Apple and Bank of America shares. Buffett continues selling trend, unloading $36.1 billion worth of stock in the third quarter. Despite record highs, company refrains from repurchasing shares, focusing on selling off holdings.

Berkshire Hathaway’s Class A shares rise 25% this year, surpassing S&P 500 returns. Operating earnings for third quarter at $10.1 billion, down 6% from last year due to weak insurance underwriting. Buffett maintains conservative approach amidst market surge, with concerns over fiscal deficit and potential tax changes looming.

Read more: Berkshire Hathaway’s cash fortress tops $300 billion as Buffett sells more stock, freezes buybacks