Warren Buffett's Berkshire Hathaway made a slew of changes to its massive equity portfolio last quarter, including adding a financial stock during the latest banking crisis, according to a new regulatory filing. The Omaha-based conglomerate built a new stake in Capital One Financial in the first quarter, worth more than $950 million, the filing showed. The McLean, VA.
The recent tumult has led to the collapse of three mid-sized institutions since March. Apple, Activision and more Berkshire hiked its two biggest holdings - Apple and Bank of America - slightly in the first quarter. The conglomerate also increased its bet on HP to a bet worth more than $3.5 billion at the end of March, making it Berkshire's 10th biggest holding.