Warren Buffett’s Cash Up to $382 Billion: 2 Dividend Stocks He Never Sells

Core Insights - Warren Buffett announced his resignation as CEO of Berkshire Hathaway, effective at the end of the year, with Greg Abel set to succeed him while Buffett will remain as board chair [1] Financial Performance - Berkshire Hathaway reported Q3 2025 earnings of nearly $30.8 billion, a significant increase driven by improved operating profits and higher investment gains [2] - The company's operating earnings rose by 34% year-over-year to $13.485 billion, primarily due to a surge in insurance underwriting income, which grew by over 200% [2] - Cash reserves reached a record $382 billion, while Buffett was a net seller of stocks, selling $12.5 billion and purchasing $6.4 billion [2][3] Stock Activity - No stock repurchases occurred in Q3, marking the 12th consecutive quarter of net selling, contributing to the record cash pile [3] - Despite strong earnings, Berkshire Hathaway underperformed the S&P 500 in 2025, gaining only 5.5% compared to the S&P 500's nearly 16% gain [3] Long-term Holdings - There are two dividend-paying stocks in Buffett's portfolio that are unlikely to be sold, reflecting a long-term investment strategy [4][6]