Berkshire Ends 14-Quarter Selling Streak With $23.5B Stock Spree
Warren Buffett's Berkshire Hathaway returned to buying mode, deploying $23.5B in stocks after 14 straight quarters of net selling.
Warren Buffett's Berkshire Hathaway broke a prolonged selling streak that stretched across 14 consecutive quarters, deploying approximately $23.5 billion into equities in a dramatic pivot back to offense. The move signals a meaningful shift in posture for the Omaha-based conglomerate, which had spent more than three years trimming its public equity portfolio and accumulating a record cash pile while Buffett waited for valuations he found compelling.
The headline figure carries an equally striking detail: roughly $10 billion of the total purchase price went to a single company, acquired at a privately negotiated price rather than through open-market transactions. That structure — bypassing the public exchange — suggests Berkshire secured terms unavailable to ordinary investors and points to the kind of large, bespoke deal that Buffett has historically described as his preference when deploying serious capital.
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The return to buying ends one of the most closely watched abstention periods in Berkshire's modern history. Throughout 2023 and into 2024, Buffett repeatedly flagged a scarcity of attractive opportunities at reasonable prices, allowing the cash and Treasury-bill fortress to swell to levels that drew scrutiny even from longtime shareholders at annual meetings. The new buying spree suggests that calculus has changed — either valuations have corrected to Buffett's satisfaction or a specific opportunity proved too large and too cheap to pass up.
Analysts and Berkshire watchers will now focus on identifying which company absorbed the $10 billion private placement, a disclosure that may not become fully public until regulatory filings require it. The scale of the transaction — comparable to some of Buffett's most celebrated deals — underscores that despite his age, Buffett remains willing to move decisively when conviction is high. The broader $23.5 billion haul represents one of Berkshire's most aggressive deployment periods in recent memory.
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