• Warren Buffett’s Berkshire Hathaway bought stakes in Domino’s Pizza and Pool Corp. in the last quarter.

• The investing legend’s firm has significantly reduced its huge positions in Apple and Bank of America.

• Berkshire reduced other holdings such as Capital One and sold almost all of its Ulta Beauty shares.

Warren BuffettBerkshire Hathaway’s Berkshire Hathaway moved into the pizza business and entered the pool industry last quarter.

The famous investor conglomerate bought a slice of Domino’s Pizza worth $549 million in late September, a portfolio update revealed on Thursday. His nearly 1.3 million shares represent a 3.7% stake in the pizza delivery company.

Buffett and his team also bought just over 1% of Pool Corp. – a wholesale distributor of swimming pool supplies and related products. This position was worth $152 million at quarter close.

Both bets are modest compared to Berkshire’s vast portfolio of U.S. stocks, worth $266 billion as of September 30. But neither was publicly known before the filing, unlike the reductions Berkshire made in its major stakes in Apple and Bank of America. These were detailed in its recent third quarter results and fueled its net sales of $35 billion. inventory sales in the period.

Berkshire trimmed several smaller bets, including SiriusXM, Capital One, Nu Holdings and Charter Communications last quarter. He also withdrew from Floor & Decor and virtually eliminated his Ulta Beauty Participation.

Buffett has refused to gamble with some of his most iconic investments, including Berkshire’s nearly $29 billion stake in Coca-Cola, its more than $41 billion position in American Express and its more than 11 billion stake. billion dollars in Kraft Heinz.

It held just under $70 billion from its main holding company, Apple, and less than $32 billion from Bank of America at the end of September – and filings show that position has been changed. further reduced this quarter.

Buffett owning a piece of Domino’s Pizza seems appropriate given his insatiable appetite for fast food and the companies that produce it, like Berkshire-owned Dairy Queen.

The 94-year-old CEO and his two investment managers, Todd Combs and Ted Weschler, dumped a net $127 billion in stock in the first nine months of this year, swelling Berkshire’s cash holdings to a new level. record of more than $300 billion last quarter.

The fact that arguably the greatest stock picker in history took so much money out of the market caused lively discussion on what Buffett thinks.

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