"The legendary investor - known for his patience, discipline, and love of a bargain - said last year that he would happily put $100 billion to work if the right opportunity arose. But he resisted any urge to go on a last-ditch spending spree in his final quarter as Berkshire Hathaway CEO."
"Buffett and his team were net sellers of stocks for a 13th straight quarter in the three months ended December 31. The last time they bought more stocks than they sold was the third quarter of 2022."
"The stock sales and lack of buybacks contributed to Berkshire's pile of cash and Treasury bills reaching a record $373 billion after payables at December's close. Berkshire's cash pile was around $130 billion at the end of 2022, meaning it's nearly tripled in size over the last three years."
Warren Buffett maintained disciplined restraint during his final quarter as Berkshire Hathaway CEO, continuing a pattern of caution in deploying capital. Berkshire sold stocks for a 13th consecutive quarter and avoided buybacks for the sixth straight quarter, resulting in a record cash position of $373 billion. The company made selective stock moves, including building a small New York Times stake while reducing positions in Apple, Bank of America, and Amazon. This conservative approach reflects Buffett's ongoing struggle to identify attractive investments in a market with elevated valuations and competitive acquisition bidding. The cash pile has nearly tripled from $130 billion at the end of 2022, exceeding the market capitalizations of major global companies.
Read at Business Insider
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