Buffet's Mystery Stock: Warren Buffet's secret revealed, people are buying this stock heavily

Warren Buffet, considered one of the world's greatest investors, has finally found a way to reduce his seemingly record pile of cash. The veteran investor, who was having trouble in choosing the right stock to invest for a long time, has finally discovered a secret stock, in which his company has invested billions of dollars in the last few months.

This is Warren Buffet's secret stock

The latest stock to be included in Warren Buffet's portfolio is that of insurance company Chubb. Warren Buffett's company Berkshire Hathaway is buying Chubb shares from the third quarter of 2023. There were reports of a new stock being added to Buffett's portfolio, but till now no one was able to know its name. For this reason, it was being called Warren Buffet's secret stock and Berkshire's secret stock.

Revealed in SEC filing

According to a report by Business Insider, Berkshire Hathaway has now Everyone has been told about the secret stock, which belongs to Chubb, a big company in the insurance sector. Berkshire Hathaway gave this information in an SEC filing on Wednesday. About 9 months ago, Buffett's company Berkshire Hathaway started buying this insurance stock and till now it has bought Chubb's shares worth about $ 7 billion.

Bought this many shares in three quarters

Berkshire Hathaway first purchased 8.1 million shares of Chubb in September last year. That deal was done for 1.7 billion dollars. More shares were purchased during the subsequent quarter i.e. from September to December 2023. In this way the total shareholding value increased to $4.5 billion. This purchasing trend continued in the first quarter of this year also. Now Berkshire Hathaway has 25.9 million shares in Chubb, which is valued at $ 6.7 billion.

Company worth $ 100 billion

After March, Berkshire bought more shares of the insurance company. Information about whether it has been purchased or not is not available yet. Chubb is an insurance company with a market cap of approximately $100 billion. This company is providing services of various insurance products in 54 countries of the world, which include life insurance, health insurance, re-insurance etc. According to the data till the end of March, Berkshire's stake in Chubb is about 6.4 percent.

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