Warren Buffett buys Chubb shares and boosts stock buybacks, but struggles to find new investments

From Nasdaq: 2024-05-27 08:46:00

Warren Buffett, CEO of Berkshire Hathaway, has a stellar track record with a 19.8% annual return since 1965. His investment strategy involves buying wonderful businesses at fair prices. Berkshire’s portfolio includes wholly owned subsidiaries and equity investments. Buffett made significant moves in the third quarter, selling Apple shares and investing in Chubb. Additionally, he spent $2.6 billion on share buybacks, signaling confidence in the stock’s value.

Buffett’s largest holding is now Treasury bills worth $189 billion, surpassing the Apple stake. He continues to add to his Treasury holdings while selling Apple shares. Buffett faces challenges finding sizable investment opportunities. Despite buying a stake in Chubb, Berkshire’s cash pile is growing, with over $21 billion added in the third quarter. However, Buffett believes there are currently no great investment opportunities in the market for Berkshire.

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