Buffett significantly sold off stocks in the first quarter, with cash reserves reaching 130.6 billion dollars

ChainCatcher news, Berkshire sold $13.3 billion worth of stocks in the first quarter, while the amount spent on purchasing stocks was only $2.9 billion. In addition, Berkshire repurchased its own shares for $4.4 billion and repurchased shares of its subsidiaries for $2.9 billion.

These figures highlight that Buffett and his long-time trusted assistant Charlie Munger believe that the current valuations are not attractive, and the difficulties Berkshire Hathaway faces in putting its substantial cash reserves to use. Since the beginning of this year, the company's cash reserves have increased by $2 billion, reaching $130.6 billion, the highest level since the end of 2021.

Munger told the Financial Times last month that with the Federal Reserve raising interest rates and the economy slowing down, investors should lower their expectations for stock market returns. (source link)