
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.-based financial institution fared relatively well during the recent banking chaos with shares rising more than 3% in the first quarter. It’s unclear if it was Buffett who purchased the stock or one of his investing lieutenants, Todd Combs and Ted Weschler, who oversee about $15 billion each for Berkshire. At the same time, Berkshire dumped its remaining stakes in Bank of New York Mellon and U.S. Bancorp . The “Oracle of Omaha” recently struck a pessimistic tone about the health of banks, saying we were not through with bank failures and American banks could face more turbulence ahead. Berkshire also 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.