Berkshire Hathaway’s Q2 results showed continued cash accumulation with a $344 billion pile by June, up from $333 billion in March. The conglomerate sold $6.92 billion in stocks and bought $3.9 billion, avoiding stock repurchases for the fourth quarter in a row. Operating earnings fell 4% to $11.16 billion due to weakened insurance-underwriting results.

Warren Buffett remained cautious in the volatile market, refraining from major acquisitions or stock purchases. He appeared to anticipate market downturns by selling equities in 2024. Buffett announced Greg Abel as his successor in May, signaling a transition in Berkshire Hathaway’s leadership. Despite his aversion to major purchases, Buffett reaffirmed commitment to investing in equities in his annual letter to shareholders.

Berkshire Hathaway reported a $3.8 billion impairment on its Kraft Heinz stake, reducing its value to $8.4 billion. The company’s operating earnings dropped 4% to $11.16 billion in the second quarter, impacted by weak insurance-underwriting results. Buffett’s strategic moves and cash accumulation reflect a cautious approach amid market volatility.

Read more at Yahoo Finance: Warren Buffett’s Berkshire Hathaway sold stocks and didn’t snap up bargains even as markets crumbled after ‘Liberation Day’