Renowned investor Warren Buffett has amassed an impressive cash reserve of $334 billion at Berkshire Hathaway.

The company’s recent fourth-quarter and annual financial reports indicate that Buffett continues to sell off assets, with cash holdings increasing from $325 billion at the close of Q3.

In the fourth quarter, Berkshire Hathaway executed a significant divestment, offloading 117 million shares of Bank of America (BAC), valued at approximately $5.5 billion.

In his letter to shareholders, Buffett assures investors that there’s no need to worry about Berkshire accumulating excess cash reserves. He emphasizes, “Berkshire will always prioritize owning solid businesses over simply holding cash-equivalent assets, whether wholly owned or partially.”

He further elaborates, “While some may consider our cash position remarkable, the vast majority of your investment remains tied up in equities. This strategy will remain unchanged. Last year, our stake in marketable equities decreased from $354 billion to $272 billion, but the worth of our controlled private equity holdings has seen some increase, significantly surpassing the value of our marketable investments.”

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