Key Takeaways Berkshire Hathaway holds about $360 billion in U.S. Treasury bills, exceeding the Federal Reserve’s $195 billion stake.With the average T-bill yielding about 3.8% as of November 2025, Berkshire will earn billions in income with negligible risk while Buffett waits for the right opportunity.

In the meantime, Berkshire Hathaway Energy appears well-positioned to capitalize on some of the AI upside (rising energy demand from data centers) without as much risk of being penalized if there is a correction that will probably disproportionately affect hyperscalers and semiconductor firms.

Berkshire Hathaway remains a core conservative holding, offering value amid an expensive market and robust Q3 operating results. BRK.B's diversified business model, large cash reserves, and discounted P/E versus the market provide downside protection and long-term opportunity.

Investors have been piling into risky stocks, trying to keep up with the market’s torrid pace of gains. Owning blue chips like Berkshire Hathaway, Microsoft, and Walmart is one way for investors to protect themselves against the inevitable blowback.

Three-year notes accounted for the biggest portion of the sales, priced at a spread of 48 basis points over TONA-based yen mid-swaps. ・The company said earlier this year that it plans to boost its ownership interests in Japanese firms Itochu,

Wall Street saw a mixed week, with the benchmark S&P 500 Index adding a marginal 0.08%, the NASDAQ Composite Index losing 0.45%, and the Dow Jones Industrial Average Index rising 0.34%. Financial Select Sector SPDR Fund ETF (XLF) ended the week 0.