🐢 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.
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