Buffett shifts focus to Capital One, sells other bank holdings.

Berkshire Hathaway, led by Warren Buffett, purchased 9.9 million shares of Capital One Financial Corp. worth $954 million, while dropping its stakes in Bank of New York Mellon and U.S. Bancorp, according to a regulatory filing. The 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%.