股神摇身变债王！巴菲特成为美国第四大短债持有人，比美联储还要多

智通财经网2025-05-12

目前，“股神”沃伦·巴菲特旗下伯克希尔哈撒韦公司正持有巨额现金等价物，不过均未得到妥善配置，巴菲特直言，股票投资还需要静待良机。据摩根大通估算，伯克希尔哈撒韦持有的美国短期国债规模已达3140亿美元，成为全球第四大美国国库券持有者，这进一步巩固了该公司作为美国短期国债市场最大的非政府持有者的地位。美国国库券是指1年以下的短期国债。根据美国财政部的数据，截至3月底，美国短期国债市场的总规模为...

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Buffett becomes fourth largest holder of short-term debt in the United States, more than the Fed","themeId":"","isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/52ad28413b9a76f7a01ac0d0a839fe83","symbols_score_info":{"OEX":0.6,".SPX":0.6,"SH":0.6,"UPRO":0.6,"IVV":0.6,"ESmain":0.6,"US7Y.BOND":1,"SPXU":0.6,"MESmain":0.6,"OEF":0.6,"SSO":0.6,"US6M.BOND":1,"US10Y.BOND":1,"US2Y.BOND":1,"BRK.B":1,"US12M.BOND":1,"SDS":0.6,"BRK.A":1,"US3Y.BOND":1,"SPY":1,"US5Y.BOND":1,"US30Y.BOND":1},"content_text":"目前，“股神”沃伦·巴菲特旗下伯克希尔哈撒韦公司正持有巨额现金等价物，不过均未得到妥善配置，巴菲特直言，股票投资还需要静待良机。据摩根大通估算，伯克希尔哈撒韦持有的美国短期国债规模已达3140亿美元，成为全球第四大美国国库券持有者，这进一步巩固了该公司作为美国短期国债市场最大的非政府持有者的地位。美国国库券是指1年以下的短期国债。根据美国财政部的数据，截至3月底，美国短期国债市场的总规模为6.155万亿美元，意味着伯克希尔目前控制着这一总额的5.1%，高于前一季度的4.89%，当时其持债总额为3008.7亿美元。根据美国国库券4.36%的平均收益率来计算，这意味着巴菲特每年仅作为美国第四大国库券持有人，就能“躺赚”约137亿美元的无风险收入。客观地说，伯克希尔目前持有的短期国库券比美联储还多，据悉美联储的资产负债表上只有1950亿美元的短期国库券。这是一个令人震惊的事实，也凸显出巴菲特的财务地位对美国来说已经变得多么举足轻重。等待良机伯克希尔增持美国国债并非偶然。该公司已经连续10个季度减少了股票敞口，尽管在此期间的大部分时间里，美股仍在继续上涨。但巴菲特没有把赌注押在上涨势头上，而是用美国国库券和现金类产品填充伯克希尔的金库，为股价最终崩盘之时建立一个“干货库”（可投资资源）。他以前也经历过这种情况，即市场过热、估值过高、风险被错误定价之时。目前，伯克希尔哈撒韦公司的现金储备已超过3470亿美元，其中大部分都是流动性极高的政府债券。在今天的利率环境下，这种偏好正在获得大规模回报。巴菲特大量持有美债还透露了一种信号，表明他在今天的环境中看不到什么便宜的标的，因此最好的做法是保持流动性。此前伯克希尔举行年会上，巴菲特表示，“时不时地，你会发现合适的投资标的，偶尔，非常偶尔，但这种情况还会再次出现。我不知道何时会发生，可能是下周，也可能是五年后，但肯定不会是五十年后。届时会有大量投资机会涌现，而我们拥有现金储备，就能把握这些机会。”巴菲特还透露，伯克希尔近期差点投入100亿美元用于投资，但最终没有出手。巴菲特即将于今年年底卸任首席执行官，他在会上还表示，“当出现对我们有意义、我们能理解且具有良好价值的投资机会时，做出投资决策并不困难。到时候就不是投资100亿美元，而是1000亿美元。”","kind":"highlight","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2534464273","isCrawlerRequest":true}