Warren Buffett, Flush With Cash, Also Owns More Treasury Bills Than the Federal Reserve

‘We won’t spend it unless we think they’re doing something that has very little risk and can make us a lot of money,’ Warren Buffett stated.

Berkshire Hathaway Chairman Warren Buffett attends the Berkshire Hathaway Inc annual shareholders' meeting in Omaha, Neb., on May 3, 2024. Scott Morgan/Reuters

As Warren Buffett’s Berkshire Hathaway strategically sells shares of companies such as Apple for cash, it is parking hundreds of billions in U.S. Treasury bills (T-bills), and now owns more of them than the Federal Reserve.

In the second quarter, Berkshire purchased an additional $81 billion in T-bills, short-term U.S. government debt securities that range from four weeks to 52 weeks, bringing its total holdings to $235 billion, according to the firm’s earnings release on Aug. 3.