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 (VRSN), upping his bet on the internet domain-name registry company.
Buffett’s Berkshire Hathaway (BRKB) 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.
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Buffett: VeriSign Stock
VeriSign stock jumped more than 2% during premarket action on Monday after edging up 0.6% to 203.95 on Friday. The stock gained 2.6% last week and is up 9% 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 is down around 1% in 2024, underperforming the broader S&P 500. The company was a top domain registry during the late 1990s amid the early days of internet. VRSN went public at the beginning of 1998.
The stock is about 2% below its 52-week high of 28.04, and 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 (AAPL) holdings.
The stock has a 73 Composite Rating out of a best-possible 99. The new Buffett buy also also has a 69 Relative Strength Rating and an 86 EPS Rating.
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