VeriSign Stock News

Warren Buffett has spent more than $70 million over six days to Dec. 24 to resume buying VeriSign's stock.

Warren Buffett's Berkshire Hathaway (NYSE: BRK.A, BRK.B) attracted significant attention earlier in 2024 for its aggressive stock selling, which included trimming sizable holdings in Bank of America (NYSE: BAC) and Apple (NASDAQ: AAPL).

Warren Buffett's company Berkshire Hathaway (BRK.A 0.80%) (BRK.B 0.95%) has been stockpiling cash all year. At the end of the third quarter of 2024, Berkshire had over $320 billion of cash and short-term Treasury bills.

Warren Buffett has made some rather bearish moves in Berkshire Hathaway's (BRK.A 0.80%) (BRK.B 0.95%) stock portfolio in the past few quarters. Most notably, the legendary investor disposed of significant portions of both the Apple and Bank of America investments that have performed extremely well for Berkshire.

Warren Buffett hasn't seen a lot to like in the stock market lately. Through the first three quarters of 2024, Berkshire Hathaway (BRK.A 0.80%) (BRK.B 0.95%) sold $133 billion worth of stock from the portfolio he manages for the conglomerate.

Much attention has been paid lately to the fact that Warren Buffett has been trimming stakes and building a cash hoard.

Long-time investors and Warren Buffett mavens are familiar with his quote, “His favorite holding for an S&P 500 stock is forever”, so it's not surprising to report that for all of the success and stature Berkshire Hathaway has in the investment world, 7 top companies make up almost 75% of the funds' total holdings.

As one of the most successful investors of all time, every single move that Warren Buffett makes in the markets naturally attracts attention. The ‘Oracle of Omaha' has managed to outperform the markets on a consistent basis — and while that is a tall order, his approach is based on a surprisingly simple set of rules.