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Why Is Berkshire Hathaway Unloading Billions In Stock? A Few Theories

October 16, 2024
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Summary
  • Berkshire Hathaway sold a whopping $75 billion in stocks in Q2 and continues to sell.
  • Berkshire’s cash hoard was nearly $277 billion at the end of last quarter, while the company continues to make sales, concentrated in its Bank of America holdings.
  • Theories on the sales include cutting back on overvalued mega-cap stocks like Apple, preparing for potential tax hikes or recession, and raising cash for acquisitions (possibly in insurance).

Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) quietly unloaded $75 billion in various stocks in Q2, and the company’s cash hoard rose roughly $88 billion to nearly $277 billion. In recent weeks, the company has continued to sell, most recently completing.

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