Warren Buffett's Berkshire Hathaway boosts its stake in Amazon to more than $1 billion

The boosted stake was revealed in a report that also showed Berkshire raising its bet on US Bancorp and cutting its ownership of Charter.

Wednesday to a 11% stake as the Warren Buffett-led holding company raises its bet on tech companies.

A regulatory note filed Wednesday revealed Berkshire pushed its total investment in the e-commerce giant over $1 billion. The holding company's investment in Amazon was first made by one of Buffett's deputies. Berkshire's Todd Combs and Ted Weschler are the employees attributed with pushing greater investment in tech companies,Amazon is up about 0.8% as of 11:00 a.m. ET. Berkshire Hathaway Class B stock is up 1.2%.

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