Warren Buffett's Berkshire Hathaway Is Sitting on Nearly $400 Billion in Cash. Is a Stock Market Crash Coming?

Berkshire Hathaway ended Q1 2026 with a record $397 billion in cash and Treasury bills, having been a net seller of stocks for over a dozen quarters. Rather than signaling an imminent market crash, the cash pile reflects CEO Greg Abel and Warren Buffett's difficulty finding attractively priced investment opportunities in an expensive market. Recent moves include an $8.5 billion acquisition of Taylor Morrison and a $10 billion investment in Alphabet, though these are modest relative to the cash position.