When billionaire investor Warren Buffett speaks Wall Street listens and his purchase of shares in JPMorgan Chase & Co. (JPM) - Get Report and Oracle Corp. (ORCL) - Get Report have those stocks jumping Thursday, Nov. 15.
Shares of Oracle rose 2.14% after Berkshire Hathaway bought 41 million shares of the software company worth $2.1 billion.
JPMorgan wasn't the only financial to get a boost from Buffett. According to 13-F filings, he also bought stakes in Wells Fargo & Co. (WFC) - Get Report , PNC Financial Services Group Inc. (PNC) - Get Report , insurer Travelers Cos. (TRV) - Get Report , Goldman Sachs Group Inc. (GS) - Get Report , Bank of America Corp. (BAC) - Get Report and U.S. Bancorp (USB) - Get Report .
Berkshire's bet on financials boosted the financial sector's share of the firm's portfolio to 42.59% from 40.5% in the previous quarter.
It wasn't all buys for Berkshire Hathaway in the quarter. The company ended its long-term investments in Sanofi SA (SNY) - Get Report and Walmart Inc. (WMT) - Get Report . It also shaved its position in Philips 66 (PSX) - Get Report by half, and made slight reductions in its holdings in American Airlines Group Inc. (AAL) - Get Report and United Continental Holdings Inc. (UAL) - Get Report .