Berkshire Hathaway is now sitting on a record $397 billion in cash. And it’s not the only firm reluctant to invest in the stock market.

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0 ResultsNo Results FoundAuthorsNo results foundSectionsNo results foundColumnsNo results found Berkshire Hathaway is now sitting on a record $397 billion in cash. And it’s not the only firm reluctant to invest in the stock market.

Paul Tudor Jones recently warned on valuations as hedge funds back away

Published: May 4, 2026 at 5:16 a.m. ETShareResize

(4 min)

Berkshire Hathaway may have been waving a big yellow caution flag in front of investors this weekend, after the giant conglomerate revealed it’s sitting on its biggest-ever cash pile of $397 billion.

At his first annual meeting as CEO of Berkshire BRK.B BRK.A on Saturday, Greg Abel justified that holding — largely U.S. Treasury bills: “It’s not that we don’t see exceptional companies out there today that we’d love to own… but the price relative to the opportunity, the economic prospects of that company and the related risks — we’re not interested in acquiring those companies at that price,” Abel said.

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Barbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter @bkollmeyer.Show Conversation (0)Back To Top

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