Berkshire Hathaway Revealed Its Investment Moves

Berkshire Hathaway, one of the biggest investment management companies, revealed its mysterious investments. Hathaway revealed that it made a significant investment in the insurance company Chubb. The company invested approximately $6.7 billion, acquiring more than 26 million company shares. 

Berkshire Hathaway is a multinational holding company and conglomerate founded by Warren Buffet. The company acquired the shares of Chubb in a Wednesday Securities and Exchange Commission filing of its first-quarter investments. As per CNN, the company requested “confidential treatment” from the SEC in previous filings while acquiring the stake in Chubb.

Warren Buffett, the renowned CEO of Berkshire Hathaway, is known for his investment acumen. He has a significant following of investors who replicate his portfolio decisions. Berkshire Hathaway’s investment in Chubb is a prime example. Chubb’s stock surged by over 8% during after-hours trading on Wednesday.

About Chubb

Chubb is the world’s foremost publicly traded property and casualty insurance insurer. Operating across 54 nations, Chubb offers various insurance services, including commercial and personal property and casualty insurance, personal accident and additional health coverage, reinsurance, and life insurance, serving a varied clientele. The company made the headlines after they issued an appeal bond worth around $92 million for President Donald Trump in the defamation lawsuit filed by E. Jean Carroll.

Investment Strategy Of Berkshire Hathaway

Berkshire Hathaway had made some changes to its investment strategy. They have invested in Chubb over the past several months and have also increased their funding manifold to financial companies like Ally Financial, American Express, and Bank of America. However, the company has cut down on its investment in consumer products. For instance, they sold 10 million shares of Apple in the first of this year. They further sold approximately 80 million shares of HP (Hewlett-Packard)  in the last quarter of 2023, reducing their shareholding by 78%.

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