Ah, the illustrious Warren Buffett, that paragon of financial wisdom, has decided to pour a staggering $305.5 billion into what he deems a ‘safe haven’ asset class. Meanwhile, he’s been rather ruthless, slashing his stakes in the banking behemoths Citigroup, Bank of America, and Capital One. One can only imagine the boardroom gasps! 😱
According to the latest U.S. Securities and Exchange Commission (SEC) filings—because who doesn’t love a good read on a Saturday?—Berkshire Hathaway’s holdings in short-dated Treasuries have ballooned from a mere $286.472 billion in Q4 2024 to a jaw-dropping $305.501 billion in Q1 2025. That’s a 6.64% increase in just three months! Someone call the Guinness World Records! 📈
It appears that Mr. Buffett has decided to stash most of the firm’s cash reserves in US Treasuries, leaving a paltry $263.735 billion in equity securities. And let’s not forget the $36.892 billion cash position as of last quarter, which ended in March. I suppose one must keep a little pocket change for emergencies, right? 💰
In a twist that would make any soap opera writer proud, data from the Treasury Department reveals that Berkshire’s collection of US debt is now larger than Taiwan’s holdings at $297.8 billion. If Warren’s investment firm were a country, it would rank as the 11th-largest foreign holder of Treasury Securities, just behind France, Ireland, and Switzerland. Who knew investing could be so… international? 🌍
But wait, there’s more! Berkshire’s quest for yield comes on the heels of offloading a whopping $3.23 billion worth of shares in those very same banking giants last quarter. Talk about a dramatic exit! 🎭
Filings indicate that the investment firm has completely exited Citigroup, having dumped its remaining shares worth $1 billion. And as if that wasn’t enough, they also sold 48.7 million shares of Bank of America for about $2.19 billion, and cashed out 300,000 shares in Capital One, valued at roughly $46.489 million. I can hear the cash registers ringing from here! 💸
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2025-05-31 10:22