The most famous investor in the world, Warren Buffett, continued to accumulate liquidity in the first quarter of the year, while the stock market suffered a severe punishment for the erratic economic and commercial policy of Donald Trump. Berkshire Hathaway maintained 347,771 million dollars (about 308,000 million euros) in box and US Treasury titles in the short term on March 31, just before Trump declared the commercial war to the world, according to the results published by the conglomerate, which celebrates this Saturday its annual board of shareholders in OMAHA (Nebraska) in the middle of great expectation.
Of that figure, 305,501 million dollars were invested in short -term Treasury titles (about 19,000 million more than at the end of the year), while 36,682 million were cash or cash equivalents of their insurance branch and 5,288 of their energy, services and railroad businesses. At the end of the year, the total liquidity position was 334.2 billion, so it has increased by about 13,600 million in the first quarter.
Warren Buffett, 94, has been selling shares of the companies in which he participates, especially Apple, and accumulating that huge amount of money that invests in short -term titles. The investor has complained repeatedly that he does not see sufficiently attractive investment opportunities. Although he has lost the artificial intelligence career, that conservative attitude has fought Berkshire Hathaway of a good part of the recent market turbulence.
During the first quarter of the year, the net sales of shares of the group were almost 1.5 billion dollars. Buffett reduced positions for tenth consecutive quarter. The firm remained quite apart from the market. He made sales for 4,677 million dollars and purchases for 3,183 million, a relatively low activity. However, the interests generated by their portfolio of debt titles and the generation of their businesses raised liquidity to those 347,771 million dollars.
In fact, the company’s price is located at historical maximums, after having accumulated a 20% revaluation so far this year, while the stock market fell.
The company indicates that the five largest participations in its portfolio are American Express, Apple, Bank of America, The Coca-Cola Company and Chevron. However, the quarterly report does not detail the amount of these investments by companies, unlike the past.
Berkshire Hathaway’s benefits fell 64% in the first quarter, up to 4,603 million dollars, but that was due to variations in the value of its portfolio. The most relevant operational result was reduced by 14%, to 9,641 million dollars, for the worst evolution of its insurance business. The results of the insurance business were reduced almost halfway in the quarter, partly due to the net losses of approximately 860 million dollars related to the Forest Fire of California.
Although the shareholders of the company await what Warren Buffett says of Live Voice in the Board of Shareholders on Saturday about the Commercial War, the quarterly report already includes warnings in this regard. “Our periodic operational results can be affected in the future due to the effects of in the current macroeconomic and geopolitical events, as well as by changes in specific factors or events of the sector or the company. The rhythm of the changes in these events, including international commercial policies and tariffs, has accelerated in 2025. There is still a considerable uncertainty about the final result of these events In your risk chapter.
“At present, we cannot reliably predict the potential impact on our businesses, either through changes in the costs of products, costs and efficiency of the supply chain, or the demand for our products and services by customers. It is reasonably possible that adverse consequences occur in the major Our future results, ”he adds.
