Investing.com – After asking the SEC to keep it secret for 3 quarters in a row, Warren Buffett reveals the cards. In fact, in the latest 13F update, the Oracle of Omaha revealed the mysterious title he has decided to bet on.
This is Chubb (NYSE:), a leader in the field of property and casualty insurance, in which Buffett has invested as much as 6.7 billion dollars.
Therefore, the most famous investor of all time does not betray his beliefs and moves in a field well known to him. Now the insurance company occupies ninth place by weight, 2% of the total, within Buffett’s portfolio.
Chubb shares jumped following the news, gaining more than 8% in after-hours trading.
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