Berkshire slashes Wells Fargo, JPMorgan stakes


Investors monitor Omaha, Nebraska-based Berkshire's quarterly filings to see where Buffett (pic) and his portfolio managers Todd Combs and Ted Weschler see value.

Billionaire Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold shares of some of the largest U.S. banks, slashing its stakes in Wells Fargo & Co and JPMorgan Chase & Co and exiting an investment in Goldman Sachs Group Inc.

In a regulatory filing detailing its U.S.-listed investments as of June 30, Berkshire also disclosed a new 20.9 million share investment worth $563.6 million in Toronto-based Barrick Gold Corp, one of the world's largest mining companies.

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