Billionaire investor Warren Buffett has dropped additional shares of Apple in the fourth quarter of 2024 as his Berkshire Hathaway conglomerate continues to stockpile massive amounts of cash prior to the 2024 presidential election.

Cash reserves for Berkshire Hathaway have now reached $325.2 billion, signaling Buffet is predicting a volatile market as the election year winds down, with the “Oracle of Omaha” prefering liquidity to risky investments. Shares of Berkshire Hathaway remain the most expensive in the world valued at close to $678,000 per share as of Saturday, Investopedia reported.

Last week, Berkshire Hathaway let go of additional Bank of America shares, dropping its holdings in the company to less than 10% with the total value of shares sold at close to $10 billion. He began dropping Apple shares in the second quarter of 2023, a move that ran antithetical to his continuous praise of the company’s value. In a 2022 letter to shareholders, Buffett called the Apple one of the “four giants” and praised CEO Tim Cook as “brilliant,” Newsweek reported.

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