Warren Buffett's War Chest Swells to a Record $325 Billion After Dumping More of 2 Key Positions. What Is the Billionaire Legend Planning?

Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) continues to offload millions of shares from a few key holdings. The company now sits on the largest reserve of cash and equivalents in its history, a war chest of more than $325 billion. Buffett and company are selling across the board, with a few notable exceptions like Sirius XM. A year ago, Apple comprised about half of the company's portfolio. While Berkshire still owns close to $70 billion worth of Apple shares, it's sold roughly 67% of its stake during the past year. The company also shed about $10 billion in Bank of America stock since this summer. Overall, this last quarter saw Berkshire sell $36.1 billion in stock while buying only $1.5 billion.Why? Does the Oracle of Omaha have something up his sleeve? As the broader market hits new heights, is he seeing something others aren't?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool