🐢 **Dataroma: Berkshire's Record $380B Cash Pile Clashes With Wall Street's Bullish Mood**
Berkshire Hathaway's cash pile hit a record $380 billion in Q1 2026 on continued net stock sales, even as BlackRock, PIMCO, and Schroders each hold a broadly constructive view on equities (AI-driven earnings, benign inflation, low recession risk). The gap points to a valuation-discipline stance among value-oriented allocators that contrasts with institutional strategists' risk-on positioning.

**Why it matters:** A widening split between Berkshire's continued equity net selling and major asset managers' overweight-equities calls may reflect rising caution about valuations even as broad institutional sentiment stays risk-on, a positioning divergence worth watching rather than a directional call.
[🔗 Read more](/leaving?url=aHR0cHM6Ly93d3cuZGF0YXJvbWEuY29tL20vaG9tZS5waHA=)