Warren Buffett Just Sold $75 Billion Worth of Stock! 🔥
Is the Oracle of Omaha Preparing for Something Big?
Warren Buffett is preparing for something big.
Or at least the moves he is making would make it seem that way.
1 week ago, Berkshire Hathaway released their form 13f, revealing all the latest moves Warren Buffet has made.
The big takeaway? 👇
Berkshire Hathaway was a net seller of stocks in Q2 for the seventh straight quarter.
Buffett sold over $77 billion worth of stocks in Q2.
That exceeds any amount Buffett has ever sold in any given year, let alone in a single quarter.
To put this into perspective, Buffett had $1.6 billion in stock purchases last quarter.
Buffett’s largest move was reducing his Apple position by 49.33%.
In Q2 of 2023, $AAPL made up 51% of his portfolio.
It now makes up 30.09% of his portfolio, which is still the largest position in his portfolio.
Buffett has now sold shares of $AAPL for 3 quarters in a row.
Buffett was asked why he started selling this position, and he basically stated it was due to tax reasons and building a cash position.
In total, Buffett added capital to 5 existing positions, and added 2 entirely new positions: $ULTA & $HEI.A.
He reduced 8 positions, and sold entirely out of 2 positions: $SNOW & $PARA.
With all this selling, Buffett now has a massive cash position.
The company's cash holdings grew from around $108 billion in Q2 of 2022 to $189 billion in the first quarter of 2024-
And as of Q2, Buffett’s cash position is a staggering $276.94 billion.
The Oracle of Omaha now owns $234 billion in treasury bills.
That's more than the Federal Reserve's $195 billion in treasury bills.
So, what is Buffett preparing for?
A potential market pullback?
A full blown recession?
Or potentially a large purchase?
Buffett hasn’t given us any kind of indication.
But there’s no doubt that whatever is in store, Buffett appears to be ready.
(Feel free to reply to let me know why you think Buffett is stockpiling cash!) 🤔
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Dividendology 🚀
Warren likes to buy things when they are cheap. My guess is he thinks prices are going to be lower.