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Buffett Slows Buybacks, Sells Stocks With Market at Highs

  • Berkshire sold $1.1 billion of other stocks on a net basis
  • Conglomerate’s cash remained stubbornly high at $144 billion
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Warren Buffett slowed his roll.

Despite having more than $144 billion of funds at his disposal, the Berkshire Hathaway Inc. chief executive officer ended up taking a step back with his capital deployment during the second quarter. He repurchased just $6 billion of Berkshire stock, the lowest amount of buybacks since the middle of 2020, and was a net seller of other stocks for the third quarter in a row, according to the conglomerate’s second-quarter earnings released Saturday.