BRK.A: Berkshire Hathaway Sits on $130bn Cash Pile as Buffett Sees Little to Bet On

The conglomerate disclosed on Saturday that it dumped $13.3bn worth of shares during the first quarter.

• Warren Buffett’s Berkshire Hathaway held its annual shareholder meeting on Saturday. In it, the Oracle of Omaha, as Buffett is often called, revealed the company’s latest moves. Turns out, Berkshire Hathaway now holds $130.6bn in cash and Treasury bills on its balance sheet.
• Slim to no bargain potential out there doesn’t mean the praised investor isn’t on the hunt. With all that dry powder, Buffett, and his long-time partner Charlie Munger, could easily drop “$15 billion, $75 billion, $100 billion” to buy a company. The pair offloaded shares worth $13.3bn in Q1 and used $4.4bn to buy back more of their own stock Berkshire Hathaway BRK.A.
• During the much anticipated event, the ultra-successful capitalist, now 92, ruminated on his 58 years of success as chairman of Berkshire Hathaway, saying the results have been “the products of about a dozen truly good decisions.” What results? Berkshire’s returns over that period: 3,787,464%.