Warren Buffett's Berkshire Hathaway Reveals 'Mystery Stock' Holdings
Portfolio Pulse from Erica Kollmann
Warren Buffett's Berkshire Hathaway has revealed a significant investment in Chubb Limited (NYSE:CB), purchasing 25.92 million shares valued at approximately $6.7 billion. This makes Chubb Berkshire's ninth largest holding. The disclosure was made in a recent SEC filing, and Chubb shares have surged over 18% in the last six months, reaching all-time highs.
May 16, 2024 | 4:45 pm
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Berkshire Hathaway has disclosed a 6% stake in Chubb Limited, valued at $6.7 billion. This significant investment has driven Chubb shares to all-time highs, with a 4.15% increase on the day of the announcement.
The disclosure of Berkshire Hathaway's substantial investment in Chubb Limited is a strong positive signal for the stock. Given Warren Buffett's reputation and the size of the investment, this news is likely to drive further investor interest and buying activity, pushing the stock price higher in the short term.
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IMPORTANCE 90
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