Buffett Sells Out of Nubank, Making $250 Million; Is the Financial Sector Retreat Just the Beginning?

Buffett's Berkshire Hathaway once again demonstrates its precise harvesting ability—recently it completely exited its stake in Nubank's parent company, Nu Holdings, which brought the company approximately $250 million in profit.

Surprisingly, Nubank achieved strong profit growth in both Q1 2024 and Q1 2025; Buffett's exit was not performance-driven, but rather seems to be a strategic contraction.

Behind this is a continuation of larger moves: in Q1 2025, Berkshire also completely exited Citigroup and reduced its holdings in Bank of America, selling over $2.1 billion in financial stocks in a single quarter.

This caused Berkshire's cash reserves to soar to a record $347.8 billion, with $305.5 billion allocated to U.S. Treasury bills, highlighting its increasingly conservative asset allocation strategy.

From the exit from Nubank to the overall contraction of the financial sector, Berkshire may be reconfiguring its 'cash'—

Is it a preemptive defense? Or is there another plan? Regardless, every move by the old stock god leaves a hint for the market.