VeriSign is ranked 5th in the S&P 500 for the highest profit margin, at about 56%, tied with Nvidia, according to third-quarter financial data.

Geico, and pension plans of other Berkshire Hathaway units bought nearly $30 million of shares of domain-name registry firm VeriSign.

Warren Buffett’s Berkshire Hathaway Inc. has been busy over the past week buying stock in an internet domain-name registry company, to extend its stature as the company’s largest shareholder.

Warren Buffett has invested more than $74 million in a Reston company best known for controlling internet domains for organizations across the globe.

Berkshire Hathaway buys $28 million in VeriSign shares between Dec 20-24, 2024, raising its total holdings to 13.2 million shares.

Buffett has been a net seller of stocks by a wide margin in 2024, reducing equity exposure by over $100 billion. Buffett is finding it hard to find good value in the stock market as prices rise faster than underlying earnings.

Warren Buffett went on bit of a shopping spree in the stock market before Christmas, picking up shares of Occidental Petroleum among others during a swift December sell-off.