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Warren Buffett’s Berkshire Hathaway Inc said on Friday it has sold shares of some of the largest U.S. banks, slashing its stakes in Wells Fargo & Co and JPMorgan Chase & Co and exiting an investment in Goldman Sachs Group Inc.

In a regulatory filing detailing its U.S.-listed investments as of June 30, Berkshire also disclosed a new 20.9 million share investment worth $563.6 million in Toronto-based Barrick Gold Corp, one of the world’s largest mining companies.

Investors monitor Omaha, Nebraska-based Berkshire’s quarterly filings to see where Buffett and his portfolio managers Todd Combs and Ted Weschler see value.

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Shares of Barrick have benefited from rising gold prices, which set a record last week, and rose 3.2% in after-hours trading following Berkshire’s disclosure. Barrick did not immediately respond to a request for comment.

See also: Barrick eyes place in S&P 500 while keeping Toronto HQ

Berkshire reduced its Wells Fargo stake by 26% in the quarter to 237.6 million shares.

Since early 2018, Berkshire has shed more than half of its Wells Fargo shares, which were once worth $32 billion but lost value as the bank was hurt by scandals for mistreating customers. Buffett first invested in Wells Fargo in 1989.

Berkshire also reduced by 62% its stake in JPMorgan, where Combs is a director, to 22.2 million shares, and shed its remaining 1.9 million Goldman shares.

Buffett has not given up on the banking industry, after telling investors in May that banks were well-capitalized and capable of weathering the coronavirus pandemic.

Berkshire still invests in several banks including Bank of America Corp, where in the last month it invested more than $2 billion, giving it an 11.9% stake worth more than $27 billion.

In Friday’s filing, Berkshire said it also exited its investment in Toronto-based Restaurant Brands International Inc , the parent of Burger King and Tim Hortons.

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Berkshire also has more than 90 operating units including the Geico car insurer, BNSF railroad and Dairy Queen ice cream.

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