By TILLY ARMSTRONG DEPUTY CONSUMER EDITOR FOR DAILYMAIL.COM

Warren Buffett's Berkshire Hathaway has sold its holdings in funds tracking the S&P 500, in his latest retreat from the stock market.

The conglomerate dissolved its shares in two exchange-traded funds, or ETFs, from major investment companies Vanguard and State Street Global Advisors.

ETFs are a collection of stocks or bonds in a single fund which track an index like the S&P 500, Nasdaq or Dow Jones. The S&P 500 is an index of the 500 largest companies in the US.

Each of Berkshire's ETF holdings was valued at roughly $22 million, according to the Financial Times, and were liquidated in the fourth quarter of 2024.

It leaves 94-year-old Buffett with no ETF holdings, despite the investor speaking highly of the funds in the past, and encouraging others to buy into them.