Buffett’s Berkshire reveals $6.7 billion stake in insurer Chubb

Buffett’s Berkshire reveals $6.7 billion stake in insurer Chubb
https://finance.yahoo.com/news/buffett-berkshire-reveals-6-7-203349962.html

Summary

Warren Buffett’s Berkshire Hathaway Inc. unveiled a $6.7 billion stake in insurer Chubb Ltd., ending months of suspense over its mystery position in a financial firm, previously kept concealed in regulatory filings.
Berkshire disclosed the holding in a filing on Wednesday, reflecting its positions at the end of the first quarter.
The conglomerate has been building the stake since 2023 but it hadn’t previously been reported because the Securities and Exchange Commission allowed Berkshire to keep it confidential. Still, separate quarterly filings reflected that Berkshire’s equity stakes in banks, insurance and finance companies were growing, while the firm was pulling back in other industries including consumer products.

Comment

Berkshire Hathaway's new stock position sheds light on Warren Buffett's stealthy stock purchases that have been underway for some time.
His love for financial and insurance stocks has been well-documented, and these new positions seem to reiterate that trend.
We'll analyze and learn more about what makes him a financial stock buyer.