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Berkshire Hathaway’s cash pile swelled to a record $189bn in the first quarter of 2024 as Warren Buffett’s sprawling conglomerate continued to dump stocks.
The figure underscores the difficulty the billionaire investor and his team have had in trying to find worthwhile investments.
The company on Saturday disclosed it had sold just under $20bn-worth of stocks in the first three months of the year, buying $2.7bn over the same period.
The value of its stock portfolio as a result slipped to $336bn from $354bn at year end.
The figures come as Berkshire shareholders are due to meet at their annual gathering in Omaha, Nebraska.
This is a developing story . . .
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