Warren Buffett's Berkshire has been a net seller of stocks for 6 quarters in a row. Here's why

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 72%

Investment Strategy News

Stock Markets,Berkshire Hathaway Inc,Chubb Ltd

The last time Berkshire Hathaway was a net buyer of stocks was in the third quarter of 2022.

Warren Buffett's Berkshire Hathaway has been a net seller of stocks for six straight quarters despite the recent disclosure of a headline-making purchase of a stake in insurer Chubb . The Omaha-based conglomerate reported net sales of over $17 billion in publicly-traded stock in the first quarter, according to the latest 13F regulatory filing. In fact, Berkshire hasn't been a net buyer of stocks since the third quarter of 2022, according to an analysis of filings.

The 93-year-old investment icon confessed at Berkshire's annual meeting earlier this month that he's open to putting more capital to work, but high-flying prices give him pause. He also said there hasn't been anything as appealing as the bet on Japanese trading houses he made a few years ago. "If I saw one of those now, I'd do it for Berkshire," Buffett told shareholders, referring to his Japanese investment.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines