Tech billionaires sold more than $16 billion of their own companies’ shares in 2025, and the selling continued into 2026.
Warren Buffett / Berkshire Hathaway. Net seller of stocks for 14 consecutive quarters. Sold a net $172.9 billion of equities between 2022 and 2024. Now holds a record $397.4 billion in cash and US Treasury bills, over a third of the company’s value. Berkshire’s cash also peaked before the 2000, 2008 and 2020 crashes.
Jeff Bezos (Amazon). Sold $5.7 billion in 2025, over $5 billion more in Q1 2026, under a plan to sell up to 25 million shares by 29 May 2026.
Jensen Huang (Nvidia). Sold shares through 2025 and continued in Q1 2026.
Mark Zuckerberg (Meta). Sold about $945 million in 2025, continued selling in 2026.
Michael Dell (Dell). Sold 16.2 million shares worth $2.2 billion in 2025.
Safra Catz (Oracle). Sold $2.5 billion. Oracle fell 35% in June 2026.
The backdrop: the Buffett Indicator of US market value to GDP stands near 232%, the highest on record.
Every trade above is public record, verifiable on SEC EDGAR (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany). Readers can draw their own conclusions.