Berkshire invests in Capital One, sheds four stocks

$Berkshire Hathaway-A(BRK.A.US)$ $Berkshire Hathaway-B(BRK.B.US)$ on Monday disclosed it has begun investing in $Capital One Financial(COF.US)$ while exiting investments in four other stocks, as the company run by Warren Buffett cut back its exposure to equities.

In Monday's filing, Berkshire also revealed a new $41.3 million stake in $DIAGEO PLC(DGEAF.US)$ , the maker of alcoholic beverages including Johnnie Walker and Guinness.
Berkshire also shed its holdings in $Bank of New York Mellon(BK.US)$ and $U.S. Bancorp(USB.US)$ , as well as Taiwanese chipmaker $Taiwan Semiconductor(TSM.US)$ and furniture chain $Restoration Hardware(RH.US)$ .

Buffett's company was a net seller of stocks in the quarter, buying $2.87 billion and selling $13.28 billion as it devoted resources elsewhere, including $8.2 billion to boost its stake in truck stop operator Pilot Travel Centers to 80% from 38.6%.
Close to half of its stock sales were in $Chevron(CVX.US)$ , though Berkshire still owns a 23.7% stake in another oil company, $Occidental Petroleum(OXY.US)$ .

These include $Bank of America(BAC.US)$ and $American Express(AXP.US)$ , where Berkshire's respective $29.5 billion and $25 billion stakes make them its largest stock holdings other than a $151 billion stake in $Apple(AAPL.US)$ .