Finboldยท2025-11-15 14:20Core Insights - Berkshire Hathaway has reported $308.9 billion in equity holdings and a record cash reserve of $381.7 billion as of September 30, indicating a strategic positioning for future investment opportunities [1][4]. Portfolio Composition - Apple remains the largest holding at approximately $64.6 billion, constituting over 20% of the total stock portfolio [1]. - Bank of America follows as the second-largest holding at nearly $29.9 billion, with significant positions in American Express, Coca-Cola, and Chevron also present [2]. Cash Positioning - The cash reserve of $381.7 billion has increased by more than 10% from the previous quarter, reflecting a cautious approach amid high stock valuations and rising bond yields [4]. - This substantial cash buffer suggests that the company is prioritizing safety and flexibility, waiting for market stress to create better investment opportunities [5]. Leadership Transition - A major leadership transition is on the horizon, with Buffett set to retire as CEO at the end of 2025, passing control to Greg Abel on January 1, 2026, while remaining as chairman [6]. - The transition has led to cautious investor reactions, with Berkshire shares experiencing a dip following the announcement [7].