Warren Buffett's Berkshire Hathaway now owns more T-bills than the Federal Reserve

Warren Buffet Berkshire Hathaway now owns more Treasury bills than the Federal Reserve does. The Federal Reserve holdings show as of last week, they have 195.3 billion in T-Bills. Buffet's company holds around 234.6 Billion in short term US Treasury Bills as of the close of the second quarter. This is a rise from $130 billion that the company held at the end of 2023. This comes to a shock as historically Buffet has raised his cash positions as he sees few opportunities to invest in the capital markets due to high valuations. During Hathaway's annual shareholder meeting in May, Buffet stated that Treasury Bills are “the safest investment there is.” T-bills are lucrative for investors due to their tax incentives that allow the interest paid to be exempt from state and local tax laws. Not only did Buffett increase his T-Bills position, but also cut its position in apple stock by 50% during the time, selling around 400 million shares of $APPL.