Billionaire Warren Buffett is now stopping the funds of his company outside the United States after last year huge US shares.
At the end of 2024, Buffett’s Berkshire Hathaway collected a cash position of $ 334 billion after the company became network sellers of assets, including the sale of 117 million Bank of America (BAC) shares, worth around $ 5.5 billion.
The sale of Berkshire Hathaway seems to be a masterful and timely movement, because the S&P 500 this year lost no less than $ 5.5 trillion in market capitalization.
Regulatory archives show that Berkshire Hathaway stored shares in five Japanese trading houses: Itochu, Sumitomo, Marubeni, Fistubishi and Mitsui, report Nikkei Asia. The documents show that Berkshire Hathaway raised his foghui Holdings from 8.09% to 9.82%, Mitsubishi from 8.31% to 9.3% and Marubeni from 8.23% to 9.29%.
Omaha’s oracle also increased the stock of his company in Sumitomo from 8.23% to 9.29% and Itochu from 7.47% to 8.53%.
In his annual letter to shareholders, Buffett out The five Japanese trading companies are not so different from how Berkshire Hathaway is active.
Explains Buffett,
“Each of these large companies, in turn, has interests in a huge range of companies, many based in Japan, but others who operate all over the world.”
Berkshire Hathaway is known for its long -term investments, buying shares and companies with solid basic principles.
Buffett says that Berkshire Hathaway started to accumulate shares in the five companies in 2019. According to the legendary investor, his company has no plans to soon load its shares in the five Japanese trading houses.
“Our interests of the five are for the long term, and we are committed to supporting their boards of directors. From the start we have also agreed to keep Berkshire’s participations below 10% of the shares of each company.
But when we approached this limit, the five companies agreed to relax the ceiling moderately. Over time you will probably see the ownership of Berkshire increasing somewhat somewhat. “
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