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Warren Buffett is one of the world’s most successful investors, and it looks like he’s preparing for a major stock market crash.

Berkshire Hathaway, Buffett’s investment company, cashed out nearly 60% of its investment portfolio at the end of June according to an SEC filing.

The $122 billion cash pile is unusual for Buffett, who typically puts his money to work through acquisitions, stock buybacks or equity purchases.

Berkshire Hathaway’s massive cash coffer has many wondering if a stock market crash is on the way.

After all, Buffett isn’t called “the Oracle of Omaha” for nothing. Consider this — he successfully prepared for the last market crash back in 2008 by storing up excess cash which he later lent out to struggling firms like Goldman Sachs and General Electric.

Buffett is famous for buying up great companies at bargain prices whenever there’s “blood in the streets.” And it looks like Buffett is seeing that scenario playing out sooner rather than later.