Legendary investor Warren Buffett marks 3 straight years as a net seller of stocks with a new CEO about to take charge at Berkshire

Berkshire Hathaway’s third-quarter earnings report on Saturday revealed Warren Buffett continued to sell more stocks than he bought with the legendary investor poised to step down as CEO by year’s end.

The conglomerate sold $12.5 billion of stock in the latest period and bought $6.4 billion, marking the 12th consecutive quarter of net selling. More details on specific stocks will come in a separate regulatory filing later this month.

Meanwhile, Berkshire’s cash hoard swelled...