Warren Buffett Boosts Treasury Holdings to $305B — Here’s What He’s Selling

Billionaire investor Warren Buffett has sharply increased his firm's exposure to U.S. Treasuries, channeling $305.5 billion into the asset class during Q1 2025, according to newly released SEC filings.
The move marks a 6.64% increase from Q4 2024, when Berkshire Hathaway held $286.47 billion in short-dated government debt.
Shift Toward Safety
The latest disclosures show a notable flight to safety, with U.S. Treasuries now representing the bulk of Berkshire Hathaway’s cash allocation. The company’s equity investments totaled $263.73 billion during the same period, while its cash holdings stood at $36.89 billion at the end of March 2025.
Banking Exposure Cut
At the same time, Buffett has reduced Berkshire’s exposure to major U.S. financial institutions. Stakes in banking giants such as Citigroup, Bank of America, and Capital One were trimmed, reflecting growing caution amid macroeconomic uncertainty and shifting interest rate dynamics.
This repositioning suggests Buffett is bracing for potential turbulence in risk assets, opting to prioritize capital preservation and liquidity via U.S. government securities.