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Berkshire's cash reserves in Q2 fell for the first time in three years, with stock market investments becoming more cautious.
On August 2, Jin Shi Data reported that Berkshire Hathaway ( BRK.A.N and BRK.B.N ) cash reserves fell by 1% to $344 billion over the three months ending in June, marking the first decline in cash reserves in three years. Previously, due to Buffett's difficulty in finding investment opportunities, cash reserves had repeatedly set historical highs. In the second quarter, Buffett became more cautious about the stock market, net selling about $3 billion in stocks, and even suspended Berkshire's stock buyback for four consecutive quarters—despite a 12% drop in stock price since announcing the handover of CEO in May.