Buffett’s Berkshire Hathaway Posts Record Operating Profit, Grows Cash to $277 Billion

Sell-off and growing cash pile suggests Buffett may be souring on the U.S. economy or believes stock market valuations have gotten too high.

Warren Buffett (C), CEO of Berkshire Hathaway, speaks to the press as he arrives at the 2019 annual shareholders meeting in Omaha, Nebraska, May 4, 2019. Johannes Eisele/AFP via Getty Images

Warren Buffett’s Berkshire Hathaway has posted a record quarterly operating profit and boosted its cash holdings to nearly $277 billion after selling roughly half its stake in Apple.

Berkshire Hathaway’s second-quarter earnings report, released on Aug. 3, shows $11.6 billion in operating earnings for the April-June period, a 15 percent quarterly increase and a record for the Omaha, Nebraska-based company.