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Berkshire Hathaway increases stake in Chubb by Q3 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
SEC filings or official Berkshire Hathaway announcements
Story
Warren Buffett's Berkshire Hathaway Reveals $6.7 Billion Stake in Confidential Stock Chubb ($CB)
May 15, 2024, 08:15 PM
Warren Buffett's Berkshire Hathaway has disclosed a $6.7 billion stake in Chubb ($CB), an insurance company. This investment was previously kept confidential in regulatory filings, sparking months of speculation. The stake was revealed in Berkshire's latest 13F filing, showing the position as of the end of Q1. Buffett had asked the SEC to keep the stock's name and details confidential. The news has resulted in a 7% increase in Chubb's stock price. Buffett's increased exposure to the insurance sector underscores its importance to Berkshire's portfolio.
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Increase stake in current holdings • 33%
Reduce stake in other major holdings • 33%
Invest in new sectors • 34%
