Warren Buffett holds $300.87 billion in U.S. Treasury bonds through Berkshire Hathaway, accounting for 4.89% of the Treasury market. This scale exceeds the Federal Reserve's holding of $195 billion.
Berkshire's Treasury bond investments are divided into two parts: $14.4 billion in cash equivalents maturing within three months and $286.47 billion in short-term Treasury bonds. The total holding accounts for 90% of its $334 billion in cash.
Buffett chooses Treasury bonds due to the current overvaluation of the stock market, while Treasury bond yields reach 4.359%, providing a safe and substantial return. He has not made significant acquisitions in two years, waiting for market opportunities.
In contrast, Apple holds only $15.5 billion in Treasury bonds, far below Berkshire's scale.
Analysts point out that Berkshire's size is too large for small-scale trades to have an impact. Potential targets, such as privatizing Coca-Cola ($280 billion) or American Express ($130 billion), would still not deplete its funds.
Buffett is waiting for a 'rich opportunity,' much like the rescue deal during the 2008 crisis, but now a larger scale is needed to have an impact on the market. For now, he chooses to let Treasury bond yields provide returns while patiently waiting.