Warren Buffett suddenly buys $563m of stock in three companies after hoarding cash all year

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Warren Buffett suddenly buys $563m of stock in three companies after hoarding cash all year

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Warren Buffett has bought stakes in three companies, after hoarding cash for most of 2024. The 94-year-old investor's company Berkshire Hathaway had a cash stockpile of $325 billion at the end of the third quarter of 2024. But recently, Berkshire and Buffett scooped up $563 million of stock in Occidental Petroleum, Sirius XM and VeriSign, according to The Motley Fool. Berkshire had to disclose these purchases as it already holds more than a 10 percent stake in each company.
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