Warren Buffett's Berkshire Hathaway revealed an increased Amazon stake in a government filing Wednesday.
by 11%, the Omaha, Nebraska-based holding company revealed in a government filing Wednesday. Buffett first announced an investment in the e-commerce giant at its annual shareholder meeting in May, but said he was not the one behind the share purchases.
"One of the fellows in the office that manage money" bought some Amazon, Buffett told CNBC's Becky Quick in May, on the eve of of Berkshire's annual shareholders meeting in Omaha. Buffett also slightly increased his bet on bank shares, which have been hit this month on concerns about an inverted yield curve hurting profit for the group. Berkshire's Bank of America stake was raised by 3.5% last quarter, according to the filing. It also raised its holding of USBancorp by 2.4%. Other big bank holdings including Wells Fargo and J.P. Morgan Chase remained the same.
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