Is Warren Buffett Bracing for a Market Correction?

On November 14, the Berkshire Hathaway (NYSE:BRKb) fund submitted its obligatory 13F report to the U.S. Securities Exchange Commission, outlining portfolio details for units trading in stocks valued at over $100 million. The pivotal observation from the presented data underscores unwavering confidence in Apple (NASDAQ:AAPL), maintaining its position as the undisputed leader, constituting 50% of the portfolio.

Additionally, a new cash holding record was set at around $157.2 billion, a notable increase from the previous quarter's $147.4 billion. This substantial cash reserve suggests that the Oracle (NYSE:ORCL) of Omaha, Warren Buffet, is gearing up for potential market opportunities amid projections of a U.S. economic slowdown or even recession.

The record cash holdings stem from capital gains, primarily dividends, and the reduction of some positions. In the last quarter alone, $5 billion worth of securities were divested, contributing to a total of $44 billion over the last twelve months. Stocks no longer considered promising include General Motors Company (NYSE:GM), Procter & Gamble Company (NYSE:PG), Johnson & Johnson (NYSE:JNJ), HP (NYSE:HPQ), and Amazon (NASDAQ:AMZN).

The most significant moves were observed in Chevron Corp (NYSE:CVX) with a -10.45% adjustment and complete sell-offs in Activision Blizzard (NASDAQ:ATVI) and General Motors. On the revenue side, noteworthy symbolic purchases include Liberty Media Formula One Corp A (NASDAQ:FWONA), Atlanta Braves Holdings Inc (NASDAQ:BATRA), and Sirius XM Holding Inc (NASDAQ:SIRI).

Earlier this month, the company released its quarterly results, with a positive surprise in both earnings per share and revenue.

Disclaimer: The author does not own any of these shares. This content, which is prepared for purely educational purposes, cannot be considered as investment advice.