CB - Warren Buffett's Berkshire Hathaway Reveals 'Mystery Stock' Holdings | Benzinga
Chubb Limited (NYSE:CB) shares are trading higher Thursday after an SEC filing showed Berkshire Hathaway purchased 25.92 million shares of the stock.
The Details:
Berkshire Hathaway, led by Warren Buffett, disclosed a 6% stake in the company valued at roughly $6.7 billion. Chubb is Berkshire Hathaway's ninth largest holding as of the end of March.
Berkshire obtained permission from the U.S. Securities and Exchange Commission (SEC) to keep one or more purchases confidential in the third and fourth quarter of last year, presumably to keep the share price from running higher as the purchases were made. Chubb was revealed as the firm's confidential purchase in Tuesday's 13F filing.
Chubb shares have gained more than 18% over the last six months and are trading at all-time highs. Chubb is one ...