Warren Buffett has cashed in a net $177 billion of stocks because he expects a downturn and plans to capitalize, Wedbush's Paul Dietrich said.

Berkshire Hathaway’s portfolio added six new stocks, including the three new secret stocks. Warren Buffett was a net seller of stocks for the eleventh straight quarter.

Berkshire Hathaway recently filed its second-quarter 13F form, revealing its stock holdings at the end of June.

A hallmark of Berkshire Hathaway is its focus on long-term value investing, a strategy championed by Warren Buffett and his late partner Charlie Munger. The approach has delivered remarkable returns to Berkshire shareholders, with average annual growth far outperforming the broader stock market for decades.

Warren Buffett’s net worth makes him 28 times richer than Donald Trump thanks to decades of savvy investing and Berkshire Hathaway's growth.

Warren Buffett, the ‘Oracle of Omaha,’ may be reportedly trimming stocks because he’s expecting a stock market downturn, according to Wedbush’s Paul Dietrich. The senior strategist told Business Insider that Buffett has a track record of exiting markets before recessions,