Buffett’s Berkshire Buys Shares of Domino’s Pizza and Pool Corp., Dumps Apple Stock | Global News Avenue

Warren Buffett’s Berkshire Hathaway (BRK.A; BRK.B) invested in Domino’s Pizza (DPZ) and pool supplier Pool Corp. (pool) in the third quarter, while continuing to reduce its long-term holdings in Apple (AAPL) and Bank of America (Buck).

The moves are part of a series of equity changes disclosed in regulatory filings late Thursday that show Buffett remains a net seller of stocks while adding to Berkshire’s already large cash holdings. the group announced earlier this month Its cash reserves surged to a record $320.3 billion from $271.5 billion in the second quarter, with the vast majority ($288 billion) invested in short-term treasury bills.

Documents filed Thursday confirmed that Buffett sold a quarter of his massive Apple stake. Berkshire’s third-quarter earnings report earlier this month hinted at the sale, but it has not yet been formally disclosed to the public. Berkshire Hathaway has steadily reduced its stake in the iPhone maker, from nearly $175 billion at the beginning of the year to about $70 billion at the end of September. Still, Apple accounts for about a quarter of Berkshire’s $266 billion stock portfolio.

Berkshire sold about 235 million Bank of America shares, as expected. Berkshire Hathaway, as an owner of more than 10% of lenders, is obligated to report its Sell ​​Bank of America Stocks the entire quarter.

Two additions and one exit

By the end of the quarter, Berkshire had acquired nearly 1.3 million Domino’s Pizza shares, worth nearly $550 million. The company also added 404,000 shares of Pool Corp. to its portfolio, valued at $152 million. Shares of Domino’s and Pool rose sharply in after-hours trading Thursday after the investment became public.

Buffett sells Berkshire’s remaining stake in Floor & Decor Holdings (FD) in the previous quarter after shrinking in the previous quarter.

Berkshire cuts Ulta, adds Heico

Buffett cuts his stake in cosmetics chain Ulta Beauty (ULTA), after entering the position in the second quarter, more than 95% of the position was sold.

He also reduced his holdings in Capital One Financial Corp.COF), Chartered Communications (CHTR) and fintech company Nu Holdings (no).

Aerospace company Heico Corp.here) was the only existing position that Buffett added to during the quarter, buying 5,445 shares, bringing his stake to about 1.05 million shares, worth more than $200 million.