Berkshire Hathaway’s $397.4 Billion Cash Pile Triples Since 2022, Raising Deployment Questions

Earnings
โดย 24/7 Wall St·Read original
Summary · why it matters

Berkshire Hathaway’s cash and short-term investments reached $397.4 billion as of March 31, 2026, nearly triple the $128.6 billion held at the end of 2022. The cash hoard has continued to swell as the company sells assets faster than it reinvests, with recent filings showing systematic reductions in Bank of America and a complete exit from Liberty Media positions, while new buying in Sirius XM and Occidental Petroleum has been narrower. Berkshire’s forward price-to-earnings ratio of 24 implies expected earnings compression, and analyst consensus price target of $520.33 offers less than 3% upside from the current share price of $507.78. The company pays no dividend, and with roughly a third of its $1.22 trillion balance sheet in cash equivalents, long-term investors face growing questions about future returns.

Impact on stocks 5

Energy Transition & Power Demand▲ · 1 stocks
Berkshire Hathaway Inc
BRK-B
± MixedCapitalrelevance

Record cash pile raises questions about future returns; analyst target offers limited upside.

Financials▼ · 1 stocks
Bank of America Corp
BAC
▼ NegativeCapitalrelevance

Berkshire systematically reduced its Bank of America position, indicating selling pressure.

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