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Berkshire Hathaway’s treasury battery climbed a record of $ 334.2 billion at the end of last year, while Warren Buffett threw shares and raised billions of dollars of interest to the vast assets of the group of cash invoices.
Berkshire, based in Omaha, said on Saturday that his position in cash has increased by $ 9 billion in the last three months of last year, while Buffett has reduced the challenges of first -rate American actions, including Sales of several billion dollars in actions from Citigroup and Bank of America. The group’s cash battery has almost doubled in the past year.
The sprawling conglomerate declared operating profits of $ 47.4 billion for 2024, up 27% compared to 2023, led by a stronger performance by its insurance activity.
Operating results exclude changes to the value of the $ 272 billion of Berkshire’s shareholding portfolio, swings that Buffett has long rejected as without sense.
Berkshire eliminated $ 143 billion in stocks in 2024, far exceeding the $ 9 billion which he plowed in shares and put a large part of the product in short -term cash bills.
The results of the group’s fourth quarter were published with the annual Buffett letter to shareholders.
“In 2024, Berkshire did better than what I expected, although 53% of our 189 operating activities declared a drop in profits,” Buffett wrote to shareholders. “We have been helped by a significant predictable gain in placement income, because the yields of the treasury have improved and we have considerably increased our assets of these very liquid short -term securities.”
