--- title: Warren Buffett Has Dropped an Unusual Amount of Cash Into Stocks Since Trump's Election description: On a recent appearance with Charlie Rose, Warren Buffett said he'd purchased $12 billion worth of stocks since Donald Trump was elected, taking advantage of the "Trump Bump." authors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Investing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2017-02-01T16:52:31.000Z' modified: '2024-04-17T05:07:03.000Z' section: Investing tags: - stock market - stocks - The Economy - Warren Buffett word_count: 363 canonical: https://money.com/warren-buffett-stock-picks-donald-trump-election/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Bill Gates And Warren Buffett Speak At Columbia University](https://img.money.com/2017/02/warrenbuffettstockstrump-in-632858658.jpg) *Warren Buffett (right) appeared with Bill Gates last week at Columbia University, shortly before the two discussed philanthropy and the economy on Charlie Rose's show.* Warren Buffett, the billionaire CEO of Berkshire Hathaway and all-around investing genius, was a big [supporter of Hillary Clinton](https://money.com/warren-buffett-campaigning-hillary-clinton/) in the 2016 presidential election. Buffett has [backed many Democratic candidates](http://fortune.com/2016/08/04/hillary-clinton-billionaire-backers/) over the years, and was highly critical of Donald Trump's [refusal to release his tax returns](http://fortune.com/2016/08/01/buffett-trump-tax-returns/). Buffett also said during the campaign that no matter whether Clinton or Trump was elected, he and his [company would do just fine](http://fortune.com/2016/04/30/warren-buffett-donald-trump/), and that the American economy would likely flourish regardless of who was president. And, based on Buffett's recent revelation about the astounding amount of cash he's dropped into the stock market since the election, we know the extent to which he truly believes in that sentiment. While appearing on the [Charlie Rose show](https://charlierose.com/videos/29774) on Friday alongside fellow billionaire philanthropist Bill Gates, Buffett casually mentioned how much he and his company have invested in recent months. “We’ve, net, bought $12 billion of common stocks since the election,” Buffett said. If that sounds like a lot, it is—even for Buffett and Berkshire Hathaway. According to [Bloomberg](https://www.bloomberg.com/news/articles/2017-01-31/buffett-bought-12-billion-of-stock-from-election-through-friday), Buffett's company had purchased "only" $5.2 billion worth of stocks through the first nine months of 2016. So the flurry of stock purchasing since Donald Trump was elected president truly represents a huge shift. What's also unusual is that Buffett is known for being a contrarian investor who goes against the tide—rather than riding market momentum. Buffett declined to say what kinds of stocks he's been buying, nor exactly why the company went into a rapid buy mode around the elections. But in the short term at least, it seems like the moves could hardly have been timed better. The Dow Jones industrial average surged after Trump was elected, in what's widely regarded as a "Trump Bump." While the advance in both the broad market and [bank stocks](http://fortune.com/2017/01/24/bank-stock-sales-trump-rally/) have slowed somewhat since mid December, the Dow hit an all-time high just last week. The Dow flirted with the 20,000 mark for a couple of weeks early in 2017, and ultimately reached the milestone last Wednesday, representing a 9% increase just since Trump's electoral victory on Nov. 8. We're back below the [20,000 mark](http://www.fool.com/investing/2017/01/30/why-the-dow-closing-below-20000-does-not-matter.aspx) this week, but something tells us Buffett isn't panicking. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/warren-buffett-stock-picks-donald-trump-election/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Investing", "item": "https://money.com/investing/" }, { "@type": "ListItem", "position": 3, "name": "Stocks", "item": "https://money.com/stocks/" }, { "@type": "ListItem", "position": 4, "name": "Warren Buffett Has Dropped an Unusual Amount of Cash Into Stocks Since Trump's Election" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/warren-buffett-stock-picks-donald-trump-election/#webpage", "url": "https://money.com/warren-buffett-stock-picks-donald-trump-election/", "name": "Warren Buffett Has Dropped an Unusual Amount of Cash Into Stocks Since Trump's Election", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2017-02-01T16:52:31.000Z", "mainEntity": { "@id": "https://money.com/warren-buffett-stock-picks-donald-trump-election/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/warren-buffett-stock-picks-donald-trump-election/#breadcrumb" }, "dateModified": "2024-04-17T05:07:03.000Z" }, { "@type": "Article", "headline": "Warren Buffett Has Dropped an Unusual Amount of Cash Into Stocks Since Trump's Election", "articleSection": "Investing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2017/02/warrenbuffettstockstrump-in-632858658.jpg", "width": 3000, "height": 2182, "caption": "Bill Gates And Warren Buffett Speak At Columbia University" } ], "author": [ { "@type": "Person", "name": "Brad Tuttle", "url": "https://money.com/author/brad-tuttle/", "@id": "https://money.com/author/brad-tuttle/#author", "description": "Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals.\r\n\r\n", "image": "https://img.money.com/2014/01/Brad-Tuttle.png?w=226&h=247&crop=1", "alumniOf": "Columbia University School of Journalism, MS", "sameAs": [ "https://twitter.com/bradrtuttle", "https://linkedin.com/in/brad-tuttle-834b225" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2017-02-01T16:52:31.000Z", "description": "On a recent appearance with Charlie Rose, Warren Buffett said he'd purchased $12 billion worth of stocks since Donald Trump was elected, taking advantage of the \"Trump Bump.\"", "abstract": "On a recent appearance with Charlie Rose, Warren Buffett said he'd purchased $12 billion worth of stocks since Donald Trump was elected, taking advantage of the \"Trump Bump.\"", "@id": "https://money.com/warren-buffett-stock-picks-donald-trump-election/", "inLanguage": "en-US", "dateModified": "2024-04-17T05:07:03.000Z", "wordCount": 363, "keywords": [ "stock market", "stocks", "The Economy", "Warren Buffett" ], "about": [ { "@type": "Thing", "name": "Investment", "sameAs": [ "https://en.wikipedia.org/wiki/Investment" ] }, { "@type": "Thing", "name": "Stock", "sameAs": [ "https://en.wikipedia.org/wiki/Stock" ] } ] } ] } ```