Warren Buffett’s Berkshire Hathaway said Thursday it made new investments in Domino’s Pizza and Pool Corp. in the third quarter, even as it retrenched from stocks such as Apple and Bank of America.
Berkshire owned 1.28 million Domino shares worth about $549 million as of Sept. 30. It also owned 404,000 shares of Pool, a distributor of swimming pool supplies, worth about $152 million as of that date.
The investments were disclosed in a Securities and Exchange Commission filing detailing Berkshire’s US-listed investments as of Sept. 30.
Shares often rise after Berkshire discloses new investments, reflecting investors’ belief that Buffett may be providing a seal of approval.
Thursday’s filing does not say whether Buffett or his portfolio managers Todd Combs and Ted Weschler are responsible for individual investments.
