Buffett's Berkshire currently holding more short-term US Treasury bills than the Federal Reserve
SUMMARY
Warren Buffett’s Berkshire Hathaway now holds $234.6 billion in short-term U.S. Treasury bills, surpassing the Federal Reserve's $195 billion in T-bills. This marks a substantial increase from the $130 billion held at the end of 2023. The company’s total cash and cash equivalents, including Treasury bills, surged to a record $277 billion, up from $189 billion the previous quarter. This strategic move follows Berkshire's decision to cut its stake in Apple by about half, reducing its investment to $84 billion, although Apple remains the firm’s largest stock holding. Buffett, who views Treasury bills as the "safest investment," has bolstered his cash reserves amid current market conditions. The increased holdings have led to a 79% rise in Berkshire’s interest income for the first half of the year, reflecting the higher yields of Treasury bills.
