Warren Buffett sells stocks for the 10th consecutive quarter

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Warren Buffett continued to sell shares in the first three months of 2025, based on a wide market sell-off, regulatory filings filed ahead of his holding company Berkshire Hathaway’s historic 60th annual meeting.

The figures show he offloaded his stock for the tenth consecutive quarterly earnings report, which also noted that Berkshire's insurance unit was hit by $1.1 billion in California wildfires in January.

Buffett sold $4.7 billion in stock in the three months ended March 31, surpassing the $3.2 billion he bought.

This helped Swell Berkshire's cash pile, which added a record of $348 billion as funds in Buffett's massive business empire, which covers insurance, manufacturing, utilities and one of the largest railroads in North America, as well as interest on his U.S. Treasury bonds.

Investors at the Omaha party will include clues to the investment prospects of 94-year-old Buffett into the figures ahead of a Q&A session with shareholders on Saturday.

About 40,000 shareholders are expected to attend the event in person, including Hillary Clinton and Apple CEO Tim Cook. Some attendees said they would trek to Omaha this year if Buffett presided over the meeting last time.

Buffett's net quarterly purchases ($100 million) since 2022 suggests that Buffett has been no net buyer for stocks

The dialogue will be the first time Buffett weighs market and economically since President Donald Trump launched the trade war last month, a trade war launched by unveiling plans to new tariffs on imports to most other countries.

When Trump shared a social media post on April 4 that Buffett supported his economic policy, Berkshire issued a statement saying “such reports are false.”

In an interview with CBS News in March, Buffett called the tariffs “to some extent an act of war” and said they taxed goods. He said: “Tooth Fairy doesn't pay.”

Changes in Berkshire's net profit largely reflect the volatility of its $26.4 billion stock portfolio and other investments. In the first quarter, bottom-line earnings were $4.6 billion, down from $12.7 billion in the first quarter of last year.

Buffett instructed shareholders to pay more attention to operating profits, which is $9.6 billion, down from $11.2 billion. The decline largely reflects lower insurance underwriting profits, including hits from the California fire. Wildfires raging in Los Angeles for several days, destroying thousands of homes in some of the country’s wealthiest neighborhoods.

Berkshire Hathaway's share price burst into tears in 2025, closing 20% on Friday, with a record $809,808.50 for the “class” stock. Berkshire once again authorized a share-free buyback in the first quarter.

Other reports by Eric Platt