Warren Buffett's company reveals its mystery bet is a nearly $7 billion stake in insurance giant Chubb

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Warren Buffett's secret stock is Chubb, an insurance giant. Berkshire Hathaway quietly built a 6.4% stake in under nine months, worth $6.7 billion as of March. Buffett and his team also slashed their biggest stock bet, Apple, by 13% last quarter. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Advertisement Warren Buffett has finally revealed his company's mystery stock: Chubb. The famed investor's Berkshire Hathaway first bought into the insurance giant in the third quarter of 2023, but secured regulatory permission to keep the holding confidential until it finished building its stake. Buffett's company initially purchased 8.1 million Chubb shares worth $1.7 billion at the end of September, then boosted the position to 20.1 million shares valued at $4.5 billion at December's close. It raised the bet to 25.9 million shares worth $6.7 billion at the end of March, SEC filings revealed on Wednesday. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .