According to The Kobeissi Letter, Berkshire Hathaway's latest balance sheet reveals a record $305.5 billion in US Treasury Bills and $36.9 billion in cash held within its insurance and other business segments. Additionally, the company has approximately $5.3 billion in cash in its Railroad, Utilities, and Energy division. This unprecedented cash and Treasury allocation is a strong indicator of a highly defensive portfolio stance, suggesting a cautious approach toward risk assets and reflecting Berkshire's strategy to maintain liquidity and flexibility in uncertain markets (source: The Kobeissi Letter on Twitter, May 3, 2025). Traders should note that such significant holdings in liquid, low-risk assets could impact broader market sentiment and signal expectations of volatility or limited attractive investment opportunities in riskier assets.