After a slight decline at the end of last year, the company's cash and cash equivalents increased sharply in the first quarter to approximately $397 billion. This came after the company - the world's twelfth most valuable listed company - sold assets worth $8.1 billion.
The quarter is the first since Buffett himself handed the CEO position to Greg Abel.
Berkshire Hathaway is a conglomerate that owns around 40 subsidiaries in insurance, railroads, energy and retail. The company also owns large stakes in publicly traded companies such as Apple and Coca-Cola.
