Buffett's latest holdings revealed! Chubb Insurance has quietly risen to become the ninth largest stock

Futu News ·  May 17 11:55

In charge of “Stock God” Buffett$Berkshire Hathaway-A (BRK.A.US)$The position report for the first quarter has finally been released!

Documents show that by the end of the first quarter, Berkshire's overall holdings were US$332 billion, down from US$352 billion in the previous quarter, and the concentration of the top ten major stocks was 91.19%.

According to the latest Berkshire portfolio, the top ten holdings of this portfolio account for about 91.1%. The positions are listed from highest to lowest$Apple (AAPL.US)$,$Bank of America (BAC.US)$,$American Express (AXP.US)$,$Coca-Cola (KO.US)$,$Chevron (CVX.US)$,$Occidental Petroleum (OXY.US)$,$The Kraft Heinz (KHC.US)$,$Moody's (MCO.US)$,$Chubb Ltd (CB.US)$,$DaVita (DVA.US)$.

It is worth noting that since the second half of 2023, Berkshire has been increasing its shares in Chubb Insurance. By the end of March 2024, Berkshire had purchased nearly 26 million shares of Chubb Insurance, with a cumulative shareholding value of about US$6.7 billion. This made Chubb Insurance the ninth largest stock in Berkshire by the end of March. This also spurred Chubb Insurance's overnight surge of nearly 5%.

Chubb Insurance is an insurance company headquartered in Zurich, Switzerland. It operates in 54 countries and regions around the world. It is the largest group of listed product insurance companies in the world, and ranks fifth in market capitalization among listed insurance companies.

In addition, another point of concern in the holdings report is that Berkshire reduced its holdings of Apple shares by 116 million shares, and its share of holdings fell from 50% to around 40%. It should be pointed out that Berkshire sold close to 10 million Apple shares in the fourth quarter of last year.

Buffett told shareholders at Berkshire's annual shareholders' meeting earlier that he expects Apple to remain Berkshire's largest shareholder in the next few years. Currently, Apple still accounts for the largest share of this investment portfolio, reaching 41%.

In addition, the report also shows that Berkshire reduced its holdings in Q1$Chevron (CVX.US)$3.11 million shares, building materials manufacturer$Louisiana-Pacific (LPX.US)$440,000 shares,$Sirius XM (SIRI.US)$3.56 million shares and$Paramount Global-B (PARA.US)$55.79 million shares, and the stock was cleared$HP Inc (HPQ.US)$22.85 million shares.

Buffett, on the other hand, increased his right$Occidental Petroleum (OXY.US)$The bet increased its holdings by 4.3 million shares. Buffett mentioned in a shareholder letter released in February that Berkshire is particularly optimistic about Occidental Petroleum's large amount of oil and gas in the US and its leading position in carbon capture, although the economic viability of this technology has yet to be verified.


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