Berkshire bites into Domino’s Pizza, dips into Pool amid stock retreat
(Reuters) – Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) said on Thursday it made new investments in Domino’s Pizza (NYSE:DPZ) and Pool Corp (NASDAQ:POOL) in the third quarter, even as it retrenched from from stocks such as Apple (NASDAQ:AAPL) 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 U.S. Securities and Exchange Commission filing detailing Berkshire’s U.S.-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.
