According to a report from TechFlow on August 2, Jin10 data reported that Berkshire Hathaway ( BRK.A.N, BRK.B.N ) cash reserves fell by 1% to $344 billion over the three months ending in June, marking the first decline in cash reserves in three years. Previously, due to Buffett's difficulty in finding investment opportunities, cash reserves frequently hit record highs. In the second quarter, Buffett became more cautious about the stock market, net selling about $3 billion in stocks, and even paused Berkshire's stock buyback for four consecutive quarters—despite the stock price having dropped 12% since announcing the CEO handover in May.