Cash continued to pile up faster than Buffett could spend it, climbing to a record $66.6 billion on June 30 from $63.7 billion three months earlier.
Buffett and his deputy investment managers, Todd Combs and Ted Weschler, spent $3.09 billion on equities and $837 million on fixed-maturity securities in the quarter. They sold $1.05 billion in stock and $395 million of bonds during the period.
The equity portfolio was valued at $117.7 billion on June 30, up from $115.5 billion at the end of March. Berkshire is the biggest shareholder in companies including Coca-Cola Co. and Wells Fargo & Co.