Legendary value investor and Berkshire Hathaway (BRK.B) Chairman Warren Buffett has a large fanbase among investors. While his recent performance versus the S&P 500 Index ($SPX) has been underwhelming, with Buffett underperforming the benchmark in three of the last five years, he still commands tremendous respect among investors - and especially value investors.
Berkshire Hathaway’s 13F filing for Q4 2023 revealed that it was a net seller of stocks (i.e., more stock sells than buys) in the quarter. In fact, the conglomerate now has been a net seller of stocks for five straight quarters. Thanks to a combination of strong operating earnings and proceeds from stock sales, Berkshire Hathaway’s cash pile soared to a record high of $167.6 billion at the end of 2023.
