Warren Buffett

When billionaire investor Warren Buffett speaks Wall Street listens and his purchase of shares in JPMorgan Chase & Co. (JPM) and Oracle Corp. (ORCL) have those stocks jumping Thursday, Nov. 15. 

Shares of JPMorgan were up 1.8% in trading after Buffett's Berkshire Hathaway Inc. (BRK.A) disclosed a new stake of 35.66 million shares, or 1.1% of all of the bank's outstanding shares. 

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) , PNC Financial Services Group Inc. (PNC) , insurer Travelers Cos.  (TRV) , Goldman Sachs Group Inc. (GS) , Bank of America Corp. (BAC) and U.S. Bancorp (USB) . 

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. 

Outside of financials, Buffett also expanded his stake in Apple Inc. (AAPL) by 522,802 shares. Berkshire Hathaway now owns a little more than 5% of Apple's outstanding shares. 

It wasn't all buys for Berkshire Hathaway in the quarter. The company ended its long-term investments in Sanofi SA (SNY) and Walmart Inc. (WMT) . It also shaved its position in Philips 66 (PSX) by half, and made slight reductions in its holdings in American Airlines Group Inc. (AAL) and United Continental Holdings Inc. (UAL) . 

JPMorgan, Goldman Sachs and Apple are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells the stocks? Learn more now.

More from Stocks

Stocks Edge Lower on US-China Trade Concerns as Economic Growth Continues to Sag

Stocks Edge Lower on US-China Trade Concerns as Economic Growth Continues to Sag

Logitech Beats Estimates in Fiscal Q3, Raises Profit Outlook

Logitech Beats Estimates in Fiscal Q3, Raises Profit Outlook

Apple to Switch to OLED Display for iPhone XR Starting in 2020 - Report

Apple to Switch to OLED Display for iPhone XR Starting in 2020 - Report

Can Palo Alto Networks Rally 23%

Can Palo Alto Networks Rally 23%

IBM Shares Jump After Beating Earnings and Guidance Expectations

IBM Shares Jump After Beating Earnings and Guidance Expectations