Billionaire investing legend Warren Buffett is crushing the stock market this year after steadily pouring billions of dollars into a bet that’s extremely close to home.
Over the past six years, Buffett has funneled $77.8 billion into repurchasing shares of his own company, Berkshire Hathaway.
That massive investment has paid off big, with Berkshire’s stock jumping nearly 16% year-to-date while the S&P 500 slides about 3%.
Buffett paused the buybacks late last year, hinting he might see fewer bargains ahead, with Berkshire’s diverse holdings spanning insurance, railroads, and energy adding fuel to the rally.
In recent months, Buffett has also shifted Berkshire’s capital away from US stocks, selling off $5.5 billion in Bank of America shares in late 2024.
He’s now sitting on a massive $334 billion cash pile and recently invested in five Japanese trading companies.
His new stakes include Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo.
Although Buffett, now 94, says he has no plans to retire from his role as CEO, he has outlined a succession plan.
He’s designated his three children to oversee a charitable trust that will distribute 99.5% of his $150 billion fortune after his death, and says Greg Abel is set to take over as CEO when the time is right.
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