Warren Buffett's cash reserves have been at all-time highs heading into 2025, but in the past few weeks he's been scooping up more shares of S&P 500 component VeriSign, upping his bet on the internet domain-name registry company.
Buffett's Berkshire Hathaway purchased 143,424 shares of VRSN for around $28.55 million over the course of three sessions ending on Dec. 24, according to regulatory filings late Thursday. Berkshire Hathaway made VRSN purchases totaling 377,736 shares for $73.95 million in the six sessions ending on Dec. 24, according to the filings.
Buffett: VeriSign Stock
VeriSign stock advanced 0.8% to 208.62 during market action on Thursday after gaining 0.9% to 206.96 on Tuesday. The stock added 2.6% last week and booked a 10.6% jump in December.
Warren Buffett Stocks: What's Inside Berkshire Hathaway's Portfolio?
Buffett started buying VeriSign in Q1 2024, and he has now amassed 13.2 million shares for a nearly 14% stake in the company.
VRSN gained 0.5% in 2024, underperforming the broader S&P 500. The company was a top domain registry during the late 1990s amid the early days of the internet. VRSN went public at the beginning of 1998.
The stock is technically in a buy zone — breaking out above a handle buy point of 202.74 in a bottoming base.
Berkshire Hathaway has cash reserves sitting in excess of $300 billion heading into 2025, after Buffett decided to sell of a portion of his Apple holdings.
The stock has a 75 Composite Rating out of a best-possible 99. The new Buffett buy also also has a 76 Relative Strength Rating and an 86 EPS Rating.
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