Warren Buffet
Billionaire investor Warren Buffett's Berkshire Hathaway has emerged as a large player in the US Treasury bill market, amassing about 5% of all outstanding short-term government bills, as per a report.
Berkshire Hathaway's large Treasury holdings doubled last year, which outpaced even the holdings of foreign banks, the Federal Reserve, Local Government Investment Pools, offshore money market funds, and stablecoin-backed reserves, reported Benzinga.
Meanwhile, the 94-year-old also reminded shareholders that cash has intrinsic strategic value, during the company's recent annual meeting, by saying, "Every now and then you find something and occasionally, very occasionally, but it'll happen again... we will be bombarded with offerings that we'll be glad we have the cash for," quoted Benzinga.
He also mentioned that, "We came pretty close to spending $10 billion, not that long ago, for example, but we'd spend $100 billion if the right deal came along," as quoted in the report.
Buffett also expressed concerns about the falling value of the United States dollar, as per Benzinga.
As of March, Berkshire Hathaway holds $314 billion in short-term US Treasury bills, as per Benzinga.
Who else holds significant amounts of US Treasury bills?
Other major holders include foreign banks, the Federal Reserve, local government investment pools, and offshore money market funds.
Berkshire Hathaway Becomes a Major Player in US Treasury Bill Market
JPMorgan found that the T-bills holdings at the end of March have risen to $314 billion, according to a Benzinga report That would rank Buffett's company as the fourth-largest holder of these bills in the world, as per the report.Berkshire Hathaway's large Treasury holdings doubled last year, which outpaced even the holdings of foreign banks, the Federal Reserve, Local Government Investment Pools, offshore money market funds, and stablecoin-backed reserves, reported Benzinga.
Warren Buffett’s Regular T-Bill Investments and Strategic Use of Cash
According to the report, Buffett invests in T-bills regularly at the weekly auctions, sometimes in $10 billion lots. With short-term rates still over 4%, the portfolio earns billions in interest income annually, as per Benzinga.Meanwhile, the 94-year-old also reminded shareholders that cash has intrinsic strategic value, during the company's recent annual meeting, by saying, "Every now and then you find something and occasionally, very occasionally, but it'll happen again... we will be bombarded with offerings that we'll be glad we have the cash for," quoted Benzinga.
He also mentioned that, "We came pretty close to spending $10 billion, not that long ago, for example, but we'd spend $100 billion if the right deal came along," as quoted in the report.
Buffett also expressed concerns about the falling value of the United States dollar, as per Benzinga.
FAQs
How much does Berkshire Hathaway hold in US Treasury bills?As of March, Berkshire Hathaway holds $314 billion in short-term US Treasury bills, as per Benzinga.
Who else holds significant amounts of US Treasury bills?
Other major holders include foreign banks, the Federal Reserve, local government investment pools, and offshore money market funds.
