Warren Buffett's secret major stock holdings revealed

Warren Buffet's company discloses major stock investment worth over $6 billion

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Warren Buffet’s Berkshire Hathaway offloads millions of Apple shares. — AFP

A major financial information was revealed Wednesday about the billionaire-investor Warren Buffet’s Berkshire Hathaway which has been concealed since last year.

Berkshire Hathaway released this information in its regulatory filings that stated that the company had acquired around 26 million shares of an insurance company Chubb based in Zurich, Switzerland, reported CNBC.

The stocks Warren Buffet’s firm bought were for $6.7 billion. It was the ninth largest holding of the Omaha-based conglomerate.

As the news broke out of Berkshire Hathaway’s massive investment, the stocks of Chubb climbed nearly 7% in extended trading.

Berkshire did not reveal its investment for two consecutive quarters as the company was granted confidential treatment to keep the information of one or more of its equity holdings confidential, according to the publication.

The discussion of confidentiality did not even come up at the annual meeting of the company at its headquarters earlier in May.

The report citing the filings said that there were speculations that Berkshire had invested heavily in a bank as its cost basis for “banks, insurance, and finance” equity climbed by $1.4 billion in the first quarter after a surge of $3.59 billion in the second half in 2023.

Berkshire also kept confidential the buying of Chevron and Verizon in 2020.

Berkshire revealed in February that it offloaded 10 million shares of Apple in the first quarter, however, the American tech giant is still Buffet’s largest investment.