# What Buffett's Latest Moves Tell Us About Market Timing

Berkshire Hathaway just dropped its Q3 13F filing, and the pattern is striking: while Buffett's been hoarding cash for years (a bearish signal on overall valuations), he's still selectively buying. Three positions stand out.

**Alphabet** just became a brand-new $5.1B stake — a chunky bet on Google's AI/cloud empire. At 27x 2025 earnings with 15-16% growth expected, Buffett's signaling tech valuations aren't crazy at these levels.

**Domino's** keeps getting added every quarter since last year (+13% this round). The franchise model is a cash machine: royalties roll in, franchisees eat the capex. Trading at 23x earnings with 10-11% growth, it's a boring compounder Buffett loves.

**Chubb** just got the aggressive treatment — +16% position boost, now worth $9.1B. Insurance is Buffett's playground (hello, GEICO). Despite trimming other holdings, he's doubling down here. That screams conviction.

The meta-read? Buffett's not bullish on the market broadly (cash hoarding), but he's found pockets of real value. Quality businesses at reasonable multiples, with pricing power and moats. When the legend is selective, you pay attention.