Berkshire bites into Domino's Pizza, dips into Pool amid stock retreat

Pool

14/11/2024 21:31

Nov 14 (Reuters) - Warren Buffett's Berkshire Hathaway
 BRKa.N  said on Thursday it made new investments in Domino's
Pizza  DPZ.N  and Pool Corp  POOL  in the third quarter, even as
it retrenched from from stocks such as Apple  AAPL.O  and Bank
of America  BAC.N .
    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.

 (Reporting by Jonathan Stempel in New York; editing by Jonathan
Oatis)
 ((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters
Messaging: jon.stempel.thomsonreuters.com@reuters.net))