Warren Buffett's Berkshire Hathaway has been a net seller of stocks for six straight quarters despite the recent disclosure of a headline-making purchase of a stake in insurer Chubb .
In fact, Berkshire hasn't been a net buyer of stocks since the third quarter of 2022, according to an analysis of filings.
The bulk of the first quarter selling came from trimming Berkshire's massive Apple bet by 13% after reaping enormous gains.
"If I saw one of those now, I'd do it for Berkshire," Buffett told shareholders, referring to his Japanese investment.
Berkshire's cash hoard reached a record $189 billion in the first quarter, up from almost $168 billion in the fourth quarter.
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