Buffett's Bearish Signal? Decoding Berkshire Hathaway's Persistent Stock
In a market often characterized by bullish fervor, the recent actions of Warren Buffett and Berkshire Hathaway serve as a potent counter-signal that demands attention. Far from being a minor adjustment, the Oracle of Omaha's firm has been a consistent net seller of equities, raising questions about what this veteran investor sees on the horizon.
The latest Q4 2025 13F filing reveals a telling pattern: Berkshire Hathaway quietly dumped positions in 9 different stocks. This isn't just trimming the edges; it includes significant reductions in some of their long-held, marquee investments. Notably, Berkshire sold approximately 7.7 million shares of Amazon (-77%), and cut roughly 10 million shares of Apple (-4%), alongside a substantial 50.7 million shares of Bank of America (-9%).
What makes these sales particularly striking is their continuity. This isn't an isolated incident. Berkshire has now reduced its Apple stake by a staggering 75% since late 2023 and its Bank of America position by 50% since mid-2024.
Zooming out, the message becomes even louder. In Q4 alone, Berkshire sold over $6 billion in stocks while buying just $3 billion, resulting in a net sale of $3 billion. More profoundly, Buffett has been a net seller for an astonishing 13 consecutive quarters, stretching back to Q4 2022. This consistent offloading amounts to roughly $187 billion in net equities over this period.
The crucial question is not what Buffett sold, but why now? Such sustained net selling from one of the world's most successful value investors strongly suggests a cautious, if not bearish, outlook on current market valuations and future prospects. It's a powerful signal that other investors would be wise to consider
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