TechFlow News, May 2: Under the leadership of new CEO Greg Abel, Berkshire Hathaway continued selling stocks in the first quarter, increasing its cash reserves to $397 billion. At the same time, the company refrained from deploying its massive cash pile into the volatile market. As Berkshire has reduced its stock holdings for over three consecutive years, its cash reserves have remained a focal point for investors.
Berkshire disclosed that it sold $24 billion worth of stocks while purchasing $15.9 billion worth, extending its streak of consecutive net stock sales to 14 quarters. This marks Berkshire’s largest quarterly stock sale since 2024 from its $288 billion equity investment portfolio. In 2024, the company significantly reduced its stake in Apple Inc. (Jinshi)
