Thanks to a surge in bond yields, Berkshire's cash, which was mainly parked in short-term Treasury bills, grew to a record level of $157.2 billion.
These lucrative government bond investments in turn boosted Berkshire's insurance empire, via so-called float.
Berkshire's insurance businesses saw a profit of $2.42 billion last quarter, compared with a loss in the prior-year period.
Net seller of stocks Berkshire was a net seller of publicly traded stocks in the third quarter, buying $1.7 billion worth of equities while selling nearly $7 billion.
One notable move was that the conglomerate sold about $2 billion worth of Chevron shares.
Persons:
Warren Buffett, Berkshire Hathaway, Bill Stone, Greggory Warren, Brian Meredith, Meredith
Organizations:
Glenview Trust, Morningstar, BNSF, Chevron, Berkshire, UBS
Locations:
Berkshire, Omaha, Omaha , Nebraska, Knox, Glenview