New flavors for Buffett: Dominoes in, Apple out

Main restaurants

• Berkshire has taken new stakes in Domino’s Pizza and Pool Corp.
• The company reduced its stakes in established names such as Apple and Bank of America.
• A significant portion of Berkshire’s cash reserves is invested in short-term Treasury bills, worth 272.7 billion euros.

Berkshire Hathaway, an American multinational company, made several special changes to its portfolio in the third quarter. The company acquired new stakes in Domino’s Pizza and Pool Corp., while expanding its stakes in established investments such as Apple and Bank of America reduce. Those changes, disclosed in regulatory filings, reflect a continued trend of Buffett selling shares to replenish Berkshire’s already large cash reserves, which reached an all-time high of 303.3 billion euros this quarter.

As previously mentioned, a significant part of this money, around 272.7 billion euros, is invested in short-term financial bills. The recent filings confirmed that a quarter of Berkshire’s large Apple stake has been sold. The reduction, which began earlier this year, has reduced the company’s share to about €66.3 billion, although it still makes up a quarter of Berkshire’s stock portfolio of €251.8 billion. Berkshire also sold about 235 million shares of Bank of America, a move that was necessary because Berkshire owns more than 10 percent of the lender.

Deposits and deposits

In contrast to these trends, Berkshire invested in two new companies. Nearly 1.3 million Domino’s Pizza shares worth 520.8 million euros were purchased and 404,000 Pool Corp shares were purchased. get too. worth 143.5 million euros. The announcement of these investments led to a rise in the share prices of both Domino’s and Pool during extended trading. In contrast, Berkshire exited its position in Floor & Decor Holdings after gradually reducing it in the previous quarter.

Other changes in the package

Other notable changes to the package include a significant reduction in Berkshirestake in Ulta Beauty, selling more than 95 percent of its holdings after taking the position in the second quarter. Buffett reduced his stakes in Capital One Financial, Charter Communications and the fintech company Nu Holdings. The only existing position that was expanded was Heico Corp., with Buffett acquiring 5,445 shares, bringing his total holdings to approximately 1.05 million shares worth more than 189.4 million euros.

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