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

Forex - Warren Buffett's ongoing stock-selling frenzy and avoidance of repurchasing shares have led Berkshire Hathaway's cash stock to exceed $300 billion in the third quarter. Berkshire Hathaway increased its cash stock from $276.9 billion in the second quarter to $325.2 billion by the end of September. The company continued to grow its cash reserves while selling off a significant portion of its largest equity assets, such as Apple (NASDAQ:AAPL) and Bank of America. In the third quarter, Berkshire divested about a quarter of its massive stake in Apple, marking the fourth consecutive quarter it has reduced this position. Meanwhile, since mid-July, Berkshire has generated more than $10 billion from divesting its long-held investment in Bank of America. In the third quarter, Berkshire sold $36.1 billion worth of stocks. Throughout this selling frenzy, no company's shares were repurchased.