Berkshire Hathaway's Cash Reserves Exceed $300 Billion in Q3

Forex - Berkshire Hathaway's cash pile surpassed $300 billion in the third quarter, continuing Warren Buffett's frenzy of selling stocks and avoiding buybacks. The company's cash stock increased from $276.9 billion in the second quarter to $325.2 billion by the end of September. The stockpile has continued to grow as the firm sold a significant portion of its largest equity holdings, including Apple (NASDAQ:AAPL) and Bank of America. Berkshire disposed of nearly a quarter of its massive Apple stake in the third quarter, marking the fourth consecutive quarter of shrinking this bet. Meanwhile, since mid-July, Berkshire has generated more than $10 billion by divesting from its long-held investment in Bank of America. In the third quarter, Berkshire sold $36.1 billion worth of stocks, with no company repurchasing its shares during this selling frenzy.