's Berkshire Hathaway took a bite of the pizza business and jumped into the swimming pool industry last quarter. The famed investor's conglomerate bought a slice of Domino's Pizza worth $549 million at the end of September, a portfolio update revealed Thursday. Its nearly 1.
3 million shares represent a 3.7% stake in the pizza-delivery company. Buffett and his team also purchased just over 1% of Pool Corp.
— a wholesale distributor of swimming pool supplies and related products. That position was worth $152 million at the quarter's close. Both bets are small relative to Berkshire's vast US stock portfolio, worth $266 billion on September 30.
But neither was public knowledge prior to the filing's release, unlike the cuts that Berkshire made to its key Apple and Bank of America stakes. Those were broken out in its recent third-quarter earnings and fueled its net $35 billion of . Berkshire pared several smaller wagers including SiriusXM, Capital One, Nu Holdings, and Charter Communications last quarter.
It also exited Floor & Decor and virtually eliminated its . Buffett declined to fiddle with some of his most iconic investments including Berkshire's almost $29 billion stake in Coca-Cola, its more than $41 billion position in American Express, and its $11 billion-plus Kraft Heinz holding. It owned just under $70 billion of its top holding, Apple, and less than $32 billion worth of Bank of America by the end of September — and filings show that position has been .
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