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 ($561.4m this quarter). Holder counts are more reliable. Shares outstanding: 398.7m as of 2025-07-21, 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 ≈ $289.33. Options: 36 managers hold calls ($435.9m notional), 33 hold puts ($325.4m).
Trends to Q2 2025
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 |
| Q3 2024 | 1,806 |
| Q4 2024 | 1,904 |
| Q1 2025 | 1,921 |
| Q2 2025 | 1,957 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 678 | 676 |
| Q4 2023 | 717 | 645 |
| Q1 2024 | 753 | 723 |
| Q2 2024 | 821 | 682 |
| Q3 2024 | 848 | 743 |
| Q4 2024 | 870 | 702 |
| Q1 2025 | 859 | 881 |
| Q2 2025 | 969 | 738 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $659.4m | $633.8m | 0.96 |
| Q4 2024 | $396.6m | $394.9m | 1.00 |
| Q1 2025 | $517.3m | $373.2m | 0.72 |
| Q2 2025 | $435.9m | $325.4m | 0.75 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +4.1m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +991.9k |
| TWO SIGMA INVESTMENTS, LP | Added | +767.6k |
| BANK OF AMERICA CORP /DE/ | Added | +512.9k |
| LONDON CO OF VIRGINIA | Added | +500.1k |
| ALTRINSIC GLOBAL ADVISORS LLC | Added | +444.6k |
| GQG Partners LLC | Added | +425.0k |
| TWO SIGMA ADVISERS, LP | Added | +414.2k |
| BROADWATER CAPITAL MANAGEMENT LLC | Added | +352.2k |
| Qube Research & Technologies Ltd | Added | +347.2k |
Biggest sellers
| Demars Financial Group, LLC | Reduced | -6.2m |
| Capital Research Global Investors | Reduced | -2.6m |
| VIKING GLOBAL INVESTORS LP | Sold out | -1.9m |
| FMR LLC | Reduced | -1.0m |
| FIRST TRUST ADVISORS LP | Reduced | -537.9k |
| SG Americas Securities, LLC | Reduced | -517.9k |
| BlackRock, Inc. | Reduced | -509.4k |
| STATE STREET CORP | Reduced | -460.6k |
| BARCLAYS PLC | Reduced | -458.4k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -445.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $119.9m413.9k shares |
| PUBLIC INVESTMENT FUND | Unchanged | $68.5m236.5k shares |
| CITADEL ADVISORS LLC | Reduced | $57.1m197.2k shares |
| JANE STREET GROUP, LLC | Added | $45.5m157.1k shares |
| IMC-Chicago, LLC | Added | $30.2m104.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $14.6m50.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $14.2m49.8k shares |
| GROUP ONE TRADING LLC | Added | $9.7m33.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.4m29.0k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $5.8m20.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $124.1m428.3k shares |
| CITADEL ADVISORS LLC | Added | $42.1m145.4k shares |
| IMC-Chicago, LLC | Reduced | $24.6m84.9k shares |
| JANE STREET GROUP, LLC | Added | $20.0m69.0k shares |
| Qube Research & Technologies Ltd | Reduced | $14.3m49.4k shares |
| WOLVERINE TRADING, LLC | Added | $14.2m49.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.9m30.6k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $6.8m236 shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $6.7m23.1k shares |
| GROUP ONE TRADING LLC | Added | $6.1m20.9k 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 2025
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 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 | — |
| Q3 2024 | 0 | — | 6 | $25.1m | $4.3m |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 4 | $18.8m | — |
| Q2 2025 | 1 | $2.9m | 4 | $31.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-16 | ATIEH MICHAEL G Director | Sold | $154.7k538 shares |
| 2025-06-06 | Keogh John W President & COO | Bought | $2.9m9.8k shares |
| 2025-06-06 | Keogh John W President & COO | Sold | $2.9m9.8k shares |
| 2025-06-04 | Wayland Joseph F Executive Vice President and* | Sold | $1.5m5.3k shares |
| 2025-05-21 | Keogh John W President & COO | Sold | $24.7m85.1k shares |
| 2025-05-20 | Ortega Juan Luis Executive Vice President* | Sold | $1.9m6.5k 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.17% of their portfolio | 36.7m $10.6bn | Added +210.1k |
| BlackRock, Inc. 0.15% of their portfolio | 27.5m $8.0bn | Reduced -509.4k |
| Berkshire Hathaway Inc 3.04% of their portfolio | 27.0m $7.8bn | Unchanged |
| STATE STREET CORP 0.18% of their portfolio | 17.0m $4.9bn | Reduced -460.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.46% of their portfolio | 14.1m $4.1bn | Reduced -443.5k |
| FMR LLC 0.23% of their portfolio | 13.9m $4.0bn | Reduced -1.0m |
| Capital World Investors 0.51% of their portfolio | 12.0m $3.5bn | Added +78.2k |
| GQG Partners LLC 4.05% of their portfolio | 9.8m $2.8bn | Added +425.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.18% of their portfolio | 8.8m $2.5bn | Added +30.7k |
| ROYAL BANK OF CANADA 0.23% of their portfolio | 8.2m $2.4bn | Added +4.1m |
| WELLINGTON MANAGEMENT GROUP LLP 0.43% of their portfolio | 8.2m $2.4bn | Added +991.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.67% of their portfolio | 7.3m $2.1bn | Reduced -437.1k |
| Capital Research Global Investors 0.39% of their portfolio | 6.7m $1.9bn | Reduced -2.6m |
| MORGAN STANLEY 0.12% of their portfolio | 6.4m $1.9bn | Added +22.7k |
| Capital International Investors 0.31% of their portfolio | 6.2m $1.8bn | Added +70.4k |
| WELLS FARGO & COMPANY/MN 0.37% of their portfolio | 5.8m $1.7bn | Reduced -45.0k |
| JPMORGAN CHASE & CO 0.10% of their portfolio | 5.0m $1.4bn | Reduced -357.0k |
| BANK OF AMERICA CORP /DE/ 0.12% of their portfolio | 4.9m $1.4bn | Added +512.9k |
| AMERIPRISE FINANCIAL INC 0.33% of their portfolio | 4.6m $1.3bn | Reduced -70.7k |
| RAYMOND JAMES FINANCIAL INC 0.42% of their portfolio | 4.2m $1.2bn | Reduced -17.9k |
| NORGES BANK 0.15% of their portfolio | 4.1m $1.2bn | Reduced -314.3k |
| NORTHERN TRUST CORP 0.15% of their portfolio | 3.7m $1.1bn | Reduced -121.1k |
| DEUTSCHE BANK AG\ 0.37% of their portfolio | 3.4m $997.1m | Reduced -58.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.18% of their portfolio | 3.1m $898.1m | Added +315.8k |
| UBS Group AG 0.16% of their portfolio | 2.6m $763.7m | Reduced -207.0k |
| Legal & General Group Plc 0.18% of their portfolio | 2.4m $705.7m | Reduced -141.6k |
| DIMENSIONAL FUND ADVISORS LP 0.15% of their portfolio | 2.3m $656.9m | Reduced -50.7k |
| Invesco Ltd. 0.11% of their portfolio | 2.3m $653.5m | Reduced -44.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.11% of their portfolio | 2.3m $652.9m | Added +18.8k |
| GOLDMAN SACHS GROUP INC 0.10% of their portfolio | 2.2m $632.8m | Added +290.3k |
| Bank of New York Mellon Corp 0.11% of their portfolio | 2.0m $591.2m | Reduced -204.2k |
| LAZARD ASSET MANAGEMENT LLC 0.68% of their portfolio | 1.7m $491.0m | Added +202.7k |
| Boston Partners 0.51% of their portfolio | 1.6m $462.9m | Reduced -123.1k |
| AQR CAPITAL MANAGEMENT LLC 0.38% of their portfolio | 1.6m $456.5m | Added +188.1k |
| Nuveen, LLC 0.12% of their portfolio | 1.5m $445.5m | Reduced -324.0k |
| ALTRINSIC GLOBAL ADVISORS LLC 14.61% of their portfolio | 1.4m $403.5m | Added +444.6k |
| Beutel, Goodman & Co Ltd. 2.21% of their portfolio | 1.3m $388.1m | Added +58.5k |
| FIRST TRUST ADVISORS LP 0.30% of their portfolio | 1.3m $371.4m | Reduced -537.9k |
| BARCLAYS PLC 0.15% of their portfolio | 1.3m $366.7m | Reduced -458.4k |
| Amundi 0.12% of their portfolio | 1.3m $350.9m | Added +90.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.19% of their portfolio | 1.3m $362.6m | Reduced -103.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.31% of their portfolio | 1.2m $360.9m | Added +8.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio | 1.2m $358.5m | Added +45.2k |
| California Public Employees Retirement System 0.23% of their portfolio | 1.2m $355.7m | Reduced -262.2k |
| Fayez Sarofim & Co 0.82% of their portfolio | 1.2m $340.4m | Reduced -27.4k |
| Swiss National Bank 0.20% of their portfolio | 1.2m $334.0m | Added +72.7k |
| Davis Selected Advisers 1.66% of their portfolio | 1.1m $310.5m | Reduced -14.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.19% of their portfolio | 1.1m $306.0m | Added +61.7k |
| MYCIO WEALTH PARTNERS, LLC 62.20% of their portfolio | 929.2k $269.2m | Added +41.1k |
| National Pension Service 0.22% of their portfolio | 898.6k $260.3m | Added +42.6k |
| PNC Financial Services Group, Inc. 0.17% of their portfolio | 889.1k $257.6m | Reduced -6.2k |
| STIFEL FINANCIAL CORP 0.23% of their portfolio | 821.5k $238.0m | Added +140.4k |
| Troy Asset Management Ltd 6.28% of their portfolio | 793.4k $229.9m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.40% of their portfolio | 773.4k $224.1m | Added +767.6k |
| Polar Capital Holdings Plc 1.14% of their portfolio | 750.0k $217.3m | Added +3.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.17% of their portfolio | 747.4k $216.5m | Added +46.8k |
| JENNISON ASSOCIATES LLC 0.13% of their portfolio | 744.3k $215.7m | Reduced -36.5k |
| LONDON CO OF VIRGINIA 1.21% of their portfolio | 737.1k $213.6m | Added +500.1k |
| NATIXIS ADVISORS, LLC 0.33% of their portfolio | 723.6k $209.7m | Added +112.7k |
| Cullen Capital Management, LLC 2.29% of their portfolio | 695.5k $201.5m | Reduced -3.9k |
| RHUMBLINE ADVISERS 0.17% of their portfolio | 684.7k $198.4m | Reduced -11.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.26% of their portfolio | 677.5k $196.3m | Added +6.5k |
| Ensign Peak Advisors, Inc 0.32% of their portfolio | 652.0k $188.9m | Added +25.0k |
| ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio | 641.6k $185.9m | Reduced -349.9k |
| ProShare Advisors LLC 0.37% of their portfolio | 638.7k $185.0m | Reduced -84.3k |
| DNB Asset Management AS 0.75% of their portfolio | 626.2k $181.4m | Added +63.9k |
| US BANCORP \DE\ 0.22% of their portfolio | 603.1k $174.7m | Reduced -11.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.19% of their portfolio | 602.2k $174.5m | Added +2.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.15% of their portfolio | 587.8k $170.3m | Reduced -5.5k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 1.62% of their portfolio | 585.6k $169.6m | Added +73.3k |
| Corient Private Wealth LP 0.23% of their portfolio | 584.7k $169.4m | Added +3.6k |
| Clark Capital Management Group, Inc. 1.17% of their portfolio | 582.2k $168.7m | Added +9.0k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 2.24% of their portfolio | 548.3k $158.9m | Reduced -9.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio | 540.5k $155.3m | Added +154.6k |
| BANK OF MONTREAL /CAN/ 0.08% of their portfolio | 527.0k $152.7m | Reduced -10.3k |
| CITIGROUP INC 0.10% of their portfolio | 510.0k $147.8m | Reduced -121.6k |
| Qube Research & Technologies Ltd 0.20% of their portfolio | 508.9k $147.4m | Added +347.2k |
| COOKE & BIELER LP 1.45% of their portfolio | 499.8k $144.8m | Reduced -52.4k |
| LPL Financial LLC 0.05% of their portfolio | 484.4k $140.3m | Added +49.8k |
| LORD, ABBETT & CO. LLC 0.44% of their portfolio | 473.9k $137.3m | Reduced -40.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.12% of their portfolio | 473.9k $137.3m | Added +126.0k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.46% of their portfolio | 466.6k $135.2m | Added +377 |
| Davis Asset Management, L.P. 5.08% of their portfolio | 450.0k $130.4m | Unchanged |
| Rockefeller Capital Management L.P. 0.16% of their portfolio | 444.7k $132.6m | Added +197.7k |
| Evercore Wealth Management, LLC 1.96% of their portfolio | 435.4k $126.2m | Reduced -8.2k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.25% of their portfolio | 430.3k $124.7m | Added +261.7k |
| TWO SIGMA ADVISERS, LP 0.25% of their portfolio | 424.7k $123.0m | Added +414.2k |
| Boston Trust Walden Corp 0.86% of their portfolio | 416.8k $120.8m | Reduced -30.1k |
| Glenmede Investment Management, LP 0.60% of their portfolio | 408.9k $118.5m | First filing |
| Russell Investments Group, Ltd. 0.15% of their portfolio | 403.5k $116.8m | Added +2.6k |
| Welch & Forbes LLC 1.45% of their portfolio | 401.4k $116.3m | Reduced -3.0k |
| CINCINNATI INSURANCE CO 1.92% of their portfolio | 393.7k $114.1m | Unchanged |
| HUNTINGTON NATIONAL BANK 0.74% of their portfolio | 392.3k $113.6m | Added +34.5k |
| Thrivent Financial for Lutherans 0.25% of their portfolio | 388.9k $112.6m | Added +4.5k |
| CANADA LIFE ASSURANCE Co 0.18% of their portfolio | 383.2k $111.1m | Reduced -22.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.09% of their portfolio | 378.5k $109.6m | Reduced -337.0k |
| HSBC HOLDINGS PLC 0.07% of their portfolio | 378.5k $109.0m | Reduced -52.4k |
| Robeco Institutional Asset Management B.V. 0.18% of their portfolio | 373.8k $108.3m | Reduced -74.5k |
| Caisse de depot et placement du Quebec 0.23% of their portfolio | 365.7k $106.0m | Reduced -101.0k |
| CINCINNATI FINANCIAL CORP 2.23% of their portfolio | 362.9k $105.1m | Unchanged |