Warren Buffett sold another $14.3 BILLION of Apple stock, $AAPL, during Q3 2024.
This means Warren Buffett's Berkshire Hathaway has now sold ~$100 BILLION of $AAPL stock over the last 2 quarters.
Warren Buffett has now reduced his holdings of $AAPL for 4 straight quarters.
Berkshire Hathaway currently holds $69.9 billion of $AAPL.
Warren Buffett is now building his cash balance at an unprecedented rate, even as the market hits new records.
Berkshire Hathaway just announced that they are FREEZING buybacks and holding $325 BILLION of cash.
Berkshire Hathaway repurchased $0 of stock in Q3 2024.
This compares to $345 million in Q2 2023 and $2 billion in each of the 2 prior quarters.
Berkshire said it will buy back stock when Buffett “believes that the repurchase price is below Berkshire’s intrinsic value."
Meanwhile, Berkshire Hathaway increased their cash pile to a record $325.2 BILLION.
Warren Buffett avoided any large acquisitions and trimmed large portions of his holdings.
As seen in the chart below, Buffett's cash balance has skyrocketed over the last 2 years.
This cash balance is larger than the market cap of all but 27 public companies in the world.
In fact, Buffett's cash pile is now larger than the market cap of Netflix, $NFLX, and Bank of America, $BAC.
This should send warning signs to the market on Monday.
