Warren Buffet's Berkshire Hathaway's Cash Pile Hits Record $277 Billion in Q2, As It Sheds Apple Stake
Berkshire Hathaway's cash pile swelled to a record of nearly $277 billion in the second quarter, up significantly from the previous record of $189 billion. This came after Warren Buffett sold nearly half his stake in Apple and over $75 billion in stocks. Berkshire's operating earnings were up 15% from the second quarter, boosted by auto insurer Geico. Berkshire repurchased just $345 million of its own stock, down from $2 billion in each of the prior two quarters.
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00:00It's Benzinga, and here's what's on the block.
00:02Berkshire Hathaway's cash pile swelled to a record of nearly $277 billion in the second
00:07quarter, up significantly from the previous record of $189 billion from the previous quarter.
00:13This came after Warren Buffett sold nearly half his stake in Apple and over $75 billion
00:17in stocks.
00:18Berkshire's operating earnings were up 15% from the second quarter, boosted by auto insurer
00:23Geico.
00:24Berkshire repurchased just $345 million of its own stock, down from $2 billion in each
00:30of the two prior quarters.
00:31For all things money, visit Benzinga.com.