Wedgewood Partners, an investment management company, released its first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Wedgewood Composite returned -6.3% (net) in the first quarter compared to the S&P 500’s -4.3%, the Russell 1000 Growth Index’s -9.8%, and the Russell 1000 Value Index’s 2.1% returns. The letter mentioned the ongoing war, highlighting the swift response of financial and commodities markets to military strikes and geopolitical commentary. Historically, oil shocks have consistently displayed a significant influence on global financial markets. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Wedgewood Partners identified Chubb Limited (NYSE:CB) as a contributor to the portfolio’s performance. Chubb Limited (NYSE:CB) is a leading global insurer and reinsurer that operates through North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance segments. On April 28, 2026, Chubb Limited (NYSE:CB) closed at $330.34 per share. One-month return of Chubb Limited (NYSE:CB) was 0.97%, and its shares gained 15.47% over the past 52 weeks. Chubb Limited (NYSE:CB) has a market capitalization of $128.34 billion.
Wedgewood Partners stated the following regarding Chubb Limited (NYSE:CB) in its Q1 2026 investor letter:
“Chubb Limited (NYSE:CB) contributed to performance during the quarter, growing core operating income by +25% on +8% growth in net premiums (FX-neutral) and achieving a record-low combined ratio. Despite a soft industry backdrop, particularly in property, Chubb grew new business by +17% in its core small and middle-market segment, and international global retail premiums were up by +13%, driven by distribution through large local financial intermediaries and a direct-to-consumer digital buildout. Underwriting has beneited from a quiet year on the “mega-cat” front, but the Company has also performed well during previous periods of higher mega-cat activity and is focused on driving margins by controlling overhead through several productivity initiatives. We expect Chubb to grow earnings per share and tangible book value per share at double-digit rates this year.”
Chubb Limited (NYSE:CB) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 56 hedge fund portfolios held Chubb Limited (NYSE:CB) at the end of the fourth quarter, compared to 64 in the previous quarter. While we acknowledge the risk and potential of Chubb Limited (NYSE:CB) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Chubb Limited (NYSE:CB) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Chubb Limited (NYSE:CB) and shared the list of best fundamental stocks to invest in according to billionaires. In addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
