Overview
- Berkshire Hathaway has been a net seller of stocks for 12 consecutive quarters.
- Through the first nine months of 2025, Buffett and his team sold more than $24 billion of equities.
- The company’s cash stockpile reached about $354 billion at the end of the third quarter of 2025.
- Recent purchases totaled roughly $13.4 billion to $14 billion, including 17.8 million Alphabet shares, the acquisition of OxyChem set to close this month, and larger stakes in Mitsubishi and Mitsui.
- Buffett points to the market-cap-to-GDP gauge near 225% and warns investors are "playing with fire."