Berkshire invests in JPMorgan, Oracle as Buffett puts cash to work

(Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Wednesday said it had taken stakes in JPMorgan Chase & Co (JPM.N), Oracle Corp (ORCL.N) and Travelers Cos (TRV.N), as the conglomerate puts some of its large cash hoard to work.

As of Sept. 30, Berkshire owned about $4.02 billion of stock in JPMorgan, the largest U.S. bank by assets, where one of Buffett’s investment managers, Todd Combs, is a board member.

Berkshire said it also owned about $2.13 billion of Oracle stock and $460 million of Travelers stock.

The holdings were disclosed in a regulatory filing detailing Berkshire’s U.S.-listed stock investments as of Sept. 30.

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