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Warren Buffett buys new stakes in JPMorgan and Goldman

But Berkshire Hathaway has cut its exposure to embattled Wells Fargo

Warren Buffett, chair and chief executive officer of Berkshire Hathaway
Warren Buffett, chair and chief executive officer of Berkshire Hathaway Photo: Getty Images

Warren Buffett's Berkshire Hathaway bought a new stake in JPMorgan and increased its holding in Apple at the end of September, according to a 13F filings with the Securities and Exchange Commission.

Berkshire acquired 35.664 million shares of JPMorgan valued at about $4bn as of September 30, filings showed, and the firm boosted its stake in Apple, adding 522,902 shares, bringing its total stake in the iPhone maker to $56.994m.

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