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巴菲特警钟:Q2净利暴跌59%,现金储备三年来首降,关税政策成最大隐忧
Sou Hu Cai Jing·2025-08-04 00:52

Group 1 - Berkshire Hathaway reported a significant decline in net profit for Q2 2025, with net income attributable to shareholders at $12.37 billion, down 59% from $30.35 billion in the same period last year [1] - The company's revenue for Q2 2025 was $92.515 billion, slightly lower than the $93.653 billion reported in the previous year [1] - As of the end of Q2, Berkshire held cash reserves of $344.1 billion, marking the first decrease in cash reserves in three years [1] Group 2 - The decline in performance was primarily attributed to poor results in the insurance underwriting business, which saw a notable decrease [1] - In contrast, other core business segments, including railroads and energy, showed growth, helping to mitigate the impact of the insurance segment's decline [1] - Buffett expressed serious concerns regarding the potential impacts of Trump's tariff policies on the company's various businesses, indicating that these uncertainties could adversely affect most, if not all, of its operational segments [1] Group 3 - Berkshire has maintained a net selling position in stocks for 11 consecutive quarters, with its top five holdings being American Express, Apple, Bank of America, Coca-Cola, and Chevron [2] - The company recorded a $3.8 billion impairment on its investment in Kraft Heinz, reducing its book value to $8.4 billion, as the stock has dropped 62% since the merger in 2015 [2] - Recently, Berkshire sold approximately $1.2 billion worth of VeriSign shares, reducing its ownership from 14.2% to 9.6%, thereby avoiding stricter reporting obligations [2]