It's been a couple of great years for the U.S. stock market. Excitement about artificial intelligence and a full percentage point of interest rate cuts has been driving major market indexes to new heights.

Arguably the world's greatest stock picker isn't picking many stocks these days. Warren Buffett has been a net seller of stocks for eight consecutive quarters. I suspect when Berk

Buffett has trimmed some stocks more than others. Integrated oil and gas company Chevron (NYSE: CVX), for example, is Berkshire's fifth-largest position, and Buffett only sold small amounts in the first and second quarters of 2024 and didn't sell any in the third quarter.

A net seller of stocks in 2024, Warren Buffett did adopt a bullish stance on two companies that could see significant returns in 2025.

Another recent buy for Berkshire was an addition to its Sirius XM Holdings ( SIRI 1.18%) stake. Berkshire has been invested in Sirius' Liberty Media tracking stock since 2016, but increased its stake in Sirius after its simplification merger with the tracking stock this past September.

While many investors poured into the stock market last year, legendary investor Warren Buffett eased on the brakes. Berkshire Hathaway, the investment company Buffett founded and still leads,

In a famous Arthur Conan Doyle story, "The Adventure of Silver Blaze," Sherlock Holmes draws the attention of Scotland Yard's Inspector Gregory to the "curious incident of the dog in the night-time." Gregory,