Warren Buffett Surpasses Federal Reserve in Treasury Bill Holdings

As of August 3, 2024, Berkshire Hathaway owns 4% of all publicly issued T-Bills, significantly more than the Federal Reserve’s $195 billion.

Berkshire Hathaway’s second-quarter report, released on August 3, revealed that as of June 30, 2024, the company held $235 billion in short-term U.S. Treasury Bills, a sharp increase from the $130 billion held the previous quarter.

The total value of Berkshire’s cash, cash equivalents, and T-Bills amounted to $271.5 billion, with $237.6 billion in T-Bills alone.

In contrast, the Federal Reserve’s latest figures, as of July 31, 2024, show holdings of approximately $195.3 billion in T-Bills, which is notably less than Buffett’s current holdings.

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Buffett has consistently praised Treasury Bills for their safety, despite their lower returns compared to riskier assets. With the Federal Reserve maintaining interest rates between 5.25% and 5.5%, returns on T-Bills have risen. Recent data shows a return rate of 5.21% for three-month T-Bills, 4.91% for six-month bills, and 4.43% for twelve-month notes.

Additionally, Representative Marjorie Taylor Greene has recently increased her T-Bill investments, purchasing an additional $250,000 in T-Bills in August, following a $500,000 investment made in late July, despite her stance against Congressional stock trading.

Alexander Stefanov