Tuesday, February 11, 2025

May 17, 2024

Warren Buffet Finally Reveals The ‘Secret’ Company He Invested R124 Billion In

Buffett’s company had 'shielded the position' from public knowledge as it was building the stake, requesting 'confidential treatment' from the SEC in previous filings.

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The legions of investors that follow Warren Buffet’s every move on the stock market have finally found out which company he invested $6.7 Billion (R124 Billion) in late last year.

After keeping the investment under wraps, Berkshire Hathaway finally disclosed a major stake in the insurance company Chubb, to the tune of 26 million shares, during Wednesday’s Securities and Exchange Commission filing of the company’s first-quarter investments.

Buffett’s company had ‘shielded the position’ from public knowledge as it was building the stake, requesting ‘confidential treatment’ from the SEC in previous filings. Naturally, Chubb’s stock jumped by more than 8% in after-hours trading following the announcement.