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Berkshire Hathaway 13F Says Firm's New 'Mystery Stock' Is Chubb

Benzinga ·  May 16 04:31

$Berkshire Hathaway-B (BRK.B.US)$ disclosed in a 13F filing Wednesday after the bell that the mystery stock it’s added was $Chubb Ltd (CB.US)$.

The filing showed that $Berkshire Hathaway-A (BRK.A.US)$ added 25.92 million shares of Chubb -- valued at $6.72 billion – during the latest quarter.

Many had speculated on what stock the company had purchased after signs emerged that it added a major new position. The news sent Chubb rising 5.2% to $266 shortly before 5 p.m. ET in after-hours trading.

Other highlights from the filing:

-- Berkshire decreased its stake in $Apple (AAPL.US)$ by 116.19 million shares

-- The firm dissolved its stake in $HP Inc (HPQ.US)$

-- BRK cut its stake in $Chevron (CVX.US)$ by 3.11 million shares

-- The company likewise reduced its holdings in $Paramount Global-B (PARA.US)$ by 55.79 million shares

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