CHUBB LIMITED CB
COM · Common Stock · CUSIP H1467J104
American insurance holding company incorporated in Zurich
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($517.5m this quarter). Holder counts are more reliable. Shares outstanding: 403.9m as of 2024-07-19, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $254.97. Options: 39 managers hold calls ($479.7m notional), 37 hold puts ($497.6m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,359 |
| Q4 2022 | 1,486 |
| Q1 2023 | 1,468 |
| Q2 2023 | 1,484 |
| Q3 2023 | 1,481 |
| Q4 2023 | 1,602 |
| Q1 2024 | 1,698 |
| Q2 2024 | 1,710 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 694 | 576 |
| Q1 2023 | 686 | 653 |
| Q2 2023 | 705 | 614 |
| Q3 2023 | 678 | 676 |
| Q4 2023 | 717 | 645 |
| Q1 2024 | 753 | 723 |
| Q2 2024 | 821 | 682 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $222.6m | $246.8m | 1.11 |
| Q4 2023 | $446.8m | $356.0m | 0.80 |
| Q1 2024 | $484.8m | $374.0m | 0.77 |
| Q2 2024 | $479.7m | $497.6m | 1.04 |
Biggest buyers
| Berkshire Hathaway Inc | Added | +1.1m |
| FMR LLC | Added | +887.2k |
| FIRST TRUST ADVISORS LP | Added | +666.0k |
| Capital Research Global Investors | Added | +654.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +585.0k |
| Fayez Sarofim & Co | Added | +541.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Added | +457.0k |
| Troy Asset Management Ltd | New | +419.4k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +387.4k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | New | +366.2k |
Biggest sellers
| MORGAN STANLEY | Reduced | -10.8m |
| JPMORGAN CHASE & CO | Reduced | -2.6m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.0m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -822.4k |
| BlackRock Inc. | Reduced | -502.5k |
| Qube Research & Technologies Ltd | Reduced | -468.5k |
| Rokos Capital Management LLP | Sold out | -444.8k |
| BARCLAYS PLC | Reduced | -337.7k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -299.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -266.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $92.7m363.6k shares |
| CITADEL ADVISORS LLC | Reduced | $67.6m265.2k shares |
| Twin Tree Management, LP | Reduced | $66.7m261.4k shares |
| Balyasny Asset Management L.P. | Unchanged | $33.2m130.0k shares |
| JANE STREET GROUP, LLC | Added | $32.9m129.0k shares |
| IMC-Chicago, LLC | Added | $27.3m106.9k shares |
| SIMPLEX TRADING, LLC | Added | $26.3m103.0k shares |
| WOLVERINE TRADING, LLC | Added | $18.8m73.8k shares |
| Parallax Volatility Advisers, L.P. | New | $17.9m70.1k shares |
| Walleye Trading LLC | Added | $12.9m50.4k shares |
Biggest puts
| Twin Tree Management, LP | New | $127.7m500.6k shares |
| CITADEL ADVISORS LLC | Added | $70.2m275.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $48.5m190.0k shares |
| Balyasny Asset Management L.P. | Reduced | $33.2m130.3k shares |
| SIMPLEX TRADING, LLC | Added | $28.4m111.4k shares |
| IMC-Chicago, LLC | Added | $25.7m100.6k shares |
| Walleye Capital LLC | Reduced | $22.2m87.1k shares |
| UBS Group AG | Reduced | $18.9m74.0k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $13.0m51.1k shares |
| Eisler Capital (UK) Ltd. | Added | $12.4m48.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BERKSHIRE HATHAWAY INC 13G · institution filed 2025-11-14 | 8.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-28 | 6.9% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 1 | $5.0m | — |
| Q4 2022 | 0 | — | 5 | $19.2m | — |
| Q1 2023 | 0 | — | 2 | $5.3m | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 7 | $7.1m | — |
| Q4 2023 | 0 | — | 2 | $4.2m | $3.9m |
| Q1 2024 | 0 | — | 5 | $45.8m | $8.9m |
| Q2 2024 | 0 | — | 5 | $12.1m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-20 | Enns Peter C. Executive Vice President and* | Sold | $2.2m8.2k shares |
| 2024-06-06 | Ortega Juan Luis Executive Vice President* | Sold | $626.4k2.4k shares |
| 2024-05-17 | ATIEH MICHAEL G Director | Sold | $193.1k716 shares |
| 2024-05-16 | HAGAN ANNMARIE T Chief Accounting Officer | Sold | $403.4k1.5k shares |
| 2024-05-08 | Keogh John W President & COO | Sold | $8.7m34.7k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.19% of their portfolio | 38.7m $9.9bn | Added +80.4k |
| BlackRock Inc. 0.17% of their portfolio | 28.9m $7.4bn | Reduced -502.5k |
| Berkshire Hathaway Inc 2.46% of their portfolio | 27.0m $6.9bn | Added +1.1m |
| STATE STREET CORP 0.20% of their portfolio | 18.2m $4.7bn | Reduced -65.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.54% of their portfolio | 17.6m $4.5bn | Reduced -1.0m |
| FMR LLC 0.24% of their portfolio | 14.5m $3.7bn | Added +887.2k |
| JPMORGAN CHASE & CO 0.15% of their portfolio | 14.1m $3.6bn | Reduced -2.6m |
| Capital World Investors 0.47% of their portfolio | 11.2m $2.9bn | Added +246.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.44% of their portfolio | 9.6m $2.4bn | Reduced -822.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.70% of their portfolio | 8.9m $2.3bn | Reduced -266.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.20% of their portfolio | 8.9m $2.3bn | Added +387.4k |
| Capital Research Global Investors 0.41% of their portfolio | 7.4m $1.9bn | Added +654.2k |
| Capital International Investors 0.37% of their portfolio | 7.0m $1.8bn | Reduced -154.4k |
| WELLS FARGO & COMPANY/MN 0.39% of their portfolio | 5.9m $1.5bn | Reduced -42.0k |
| MORGAN STANLEY 0.12% of their portfolio | 5.9m $1.5bn | Reduced -10.8m |
| AMERIPRISE FINANCIAL INC 0.34% of their portfolio | 4.9m $1.3bn | Added +63.9k |
| BANK OF AMERICA CORP /DE/ 0.11% of their portfolio | 4.6m $1.2bn | Added +272.7k |
| NORGES BANK 0.16% of their portfolio | 4.2m $1.1bn | Added +80.5k |
| NORTHERN TRUST CORP 0.16% of their portfolio | 3.7m $949.8m | Reduced -35.1k |
| LAZARD ASSET MANAGEMENT LLC 1.08% of their portfolio | 3.4m $861.9m | Reduced -164.8k |
| DEUTSCHE BANK AG\ 0.38% of their portfolio | 3.3m $839.6m | Added +58.4k |
| RAYMOND JAMES & ASSOCIATES 0.51% of their portfolio | 3.1m $778.3m | Added +87.1k |
| Legal & General Group Plc 0.21% of their portfolio | 2.9m $747.4m | Reduced -50.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.20% of their portfolio | 2.7m $686.0m | Added +585.0k |
| ONTARIO TEACHERS PENSION PLAN BOARD 6.48% of their portfolio | 2.6m $661.8m | Added +158.2k |
| Bank of New York Mellon Corp 0.12% of their portfolio | 2.5m $642.2m | Reduced -19.3k |
| Nuveen Asset Management, LLC 0.18% of their portfolio | 2.4m $619.7m | Reduced -202.4k |
| UBS Group AG 0.19% of their portfolio | 2.4m $619.7m | Added +128.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.11% of their portfolio | 2.3m $594.1m | Added +44.7k |
| Invesco Ltd. 0.12% of their portfolio | 2.3m $587.6m | Added +157.7k |
| DIMENSIONAL FUND ADVISORS LP 0.15% of their portfolio | 2.3m $586.2m | Added +160.3k |
| GOLDMAN SACHS GROUP INC 0.11% of their portfolio | 2.2m $568.2m | Added +143.8k |
| Boston Partners 0.69% of their portfolio | 2.2m $558.2m | Added +40.0k |
| FIRST TRUST ADVISORS LP 0.46% of their portfolio | 1.8m $449.6m | Added +666.0k |
| Amundi 0.15% of their portfolio | 1.6m $403.1m | Reduced -144.2k |
| Fayez Sarofim & Co 1.08% of their portfolio | 1.6m $398.6m | Added +541.3k |
| ROYAL BANK OF CANADA 0.09% of their portfolio | 1.5m $380.1m | Added +158.9k |
| Raymond James Financial Services Advisors, Inc. 0.52% of their portfolio | 1.4m $364.3m | Added +8.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.21% of their portfolio | 1.4m $357.5m | Added +19.0k |
| BARCLAYS PLC 0.16% of their portfolio | 1.4m $353.0m | Reduced -337.7k |
| California Public Employees Retirement System 0.26% of their portfolio | 1.4m $351.0m | Reduced -4.6k |
| Davis Selected Advisers 1.86% of their portfolio | 1.3m $320.6m | Reduced -5.6k |
| LORD, ABBETT & CO. LLC 0.52% of their portfolio | 1.2m $313.0m | Reduced -101.8k |
| Swiss National Bank 0.21% of their portfolio | 1.2m $306.6m | Reduced -19.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.33% of their portfolio | 1.2m $300.0m | Added +140.5k |
| AQR CAPITAL MANAGEMENT LLC 0.45% of their portfolio | 1.2m $296.4m | Added +274.6k |
| JENNISON ASSOCIATES LLC 0.18% of their portfolio | 1.1m $283.3m | Reduced -31.0k |
| ALTRINSIC GLOBAL ADVISORS LLC 11.98% of their portfolio | 1.1m $268.6m | Reduced -118.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio | 1.0m $266.3m | Added +10.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.19% of their portfolio | 1.0m $261.3m | Reduced -130.6k |
| MYCIO WEALTH PARTNERS, LLC 62.09% of their portfolio | 953.0k $243.1m | Reduced -695 |
| PNC Financial Services Group, Inc. 0.16% of their portfolio | 918.2k $234.2m | Reduced -24.6k |
| Cullen Capital Management, LLC 2.60% of their portfolio | 886.7k $226.2m | Reduced -31.6k |
| Polar Capital Holdings Plc 1.28% of their portfolio | 850.0k $216.8m | Reduced -379 |
| Robeco Institutional Asset Management B.V. 0.46% of their portfolio | 844.4k $215.4m | Reduced -185.9k |
| ProShare Advisors LLC 0.54% of their portfolio | 789.6k $201.4m | Added +7.4k |
| Caisse de depot et placement du Quebec 0.48% of their portfolio | 782.9k $199.7m | Added +347.7k |
| RHUMBLINE ADVISERS 0.17% of their portfolio | 716.5k $182.8m | Reduced -7.7k |
| National Pension Service 0.21% of their portfolio | 712.7k $181.8m | Added +9.5k |
| STIFEL FINANCIAL CORP 0.20% of their portfolio | 688.4k $175.6m | Reduced -83.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.21% of their portfolio | 661.6k $168.8m | Reduced -3.8k |
| BANK OF MONTREAL /CAN/ 0.05% of their portfolio | 647.4k $170.8m | Added +42.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.21% of their portfolio | 634.8k $161.9m | Reduced -6.2k |
| US BANCORP \DE\ 0.22% of their portfolio | 629.7k $160.6m | Reduced -53.3k |
| COOKE & BIELER LP 1.54% of their portfolio | 625.7k $159.6m | Added +73.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.15% of their portfolio | 616.9k $157.3m | Reduced -3.6k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 2.22% of their portfolio | 602.0k $153.6m | Reduced -38.3k |
| Corient Private Wealth LP 0.27% of their portfolio | 601.7k $153.5m | Added +8.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.28% of their portfolio | 589.5k $150.4m | Added +457.0k |
| Ensign Peak Advisors, Inc 0.27% of their portfolio | 585.7k $149.4m | Added +53.8k |
| NATIXIS ADVISORS, LLC 0.32% of their portfolio | 584.2k $149.0m | Added +7.6k |
| HSBC HOLDINGS PLC 0.09% of their portfolio | 567.9k $144.9m | Reduced -105.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.17% of their portfolio | 562.4k $143.4m | Added +58.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.12% of their portfolio | 526.5k $134.3m | Added +112.6k |
| JARISLOWSKY, FRASER Ltd 0.80% of their portfolio | 519.0k $132.4m | Reduced -194.9k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.45% of their portfolio | 515.6k $131.5m | Reduced -7.3k |
| Clark Capital Management Group, Inc. 0.95% of their portfolio | 504.1k $128.6m | Reduced -75.9k |
| Thrivent Financial for Lutherans 0.25% of their portfolio | 482.6k $123.1m | Reduced -363 |
| Homestead Advisers Corp 2.94% of their portfolio | 467.4k $119.2m | Reduced -9.6k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.42% of their portfolio | 464.9k $118.6m | Reduced -158.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.35% of their portfolio | 463.3k $118.2m | Added +360.3k |
| Evercore Wealth Management, LLC 1.83% of their portfolio | 456.5k $116.4m | Added +415 |
| Allianz Asset Management GmbH 0.19% of their portfolio | 455.0k $116.1m | Added +87.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.14% of their portfolio | 453.2k $116.6m | Reduced -253.8k |
| Davis Asset Management, L.P. 5.16% of their portfolio | 450.0k $114.8m | Unchanged |
| Boston Trust Walden Corp 0.85% of their portfolio | 449.5k $114.7m | Reduced -32.2k |
| GLENMEDE TRUST CO NA 0.58% of their portfolio | 445.5k $113.6m | Added +3.2k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 439.4k $112.1m | Reduced -10.1k |
| Troy Asset Management Ltd 3.47% of their portfolio | 419.4k $107.0m | New |
| STOREBRAND ASSET MANAGEMENT AS 0.36% of their portfolio | 419.2k $106.9m | Added +2.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.12% of their portfolio | 419.1k $106.9m | Added +40.7k |
| Welch & Forbes LLC 1.39% of their portfolio | 409.5k $103.9m | Reduced -4.4k |
| CITIGROUP INC 0.10% of their portfolio | 409.2k $104.4m | Added +73.1k |
| CANADA LIFE ASSURANCE Co 0.19% of their portfolio | 399.2k $101.9m | Added +11.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.20% of their portfolio | 396.7k $101.2m | Reduced -65.9k |
| CINCINNATI INSURANCE CO 1.66% of their portfolio | 393.7k $100.4m | Unchanged |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.20% of their portfolio | 380.0k $96.9m | Reduced -10.7k |
| Oldfield Partners LLP 18.01% of their portfolio | 373.7k $95.3m | Reduced -103.8k |
| Korea Investment CORP 0.24% of their portfolio | 371.8k $94.8m | Added +30.1k |
| REGIONS FINANCIAL CORP 0.72% of their portfolio | 371.0k $94.6m | Reduced -4.6k |