Warren Buffett’s Berkshire Hathaway Maintains Cautious Stance Amid Stock Market Rally
Berkshire Hathaway (BRK.A 0.89%) (BRK.B 1.05%) and its CEO Warren Buffett continued their defensive posture in Q2, marking the 11th consecutive quarter as net sellers of equities. The Oracle of Omaha disposed of $7 billion in stocks while acquiring just $4 billion, extending a trend that saw over $130 billion in net sales last year.
The conglomerate has halted share repurchases since May 2024 as its price-to-book ratio climbed to 1.5x, abandoning previous buyback thresholds. Buffett's reluctance comes despite broader market euphoria, with Berkshire's investment strategy increasingly diverging from retail investor enthusiasm.