(Reuters) – Warren Buffett’s Berkshire Hathaway said on Thursday it made new investments in Domino’s Pizza and Pool Corp in the third quarter, even as it retreated from stocks such as Apple and Bank of America.
Berkshire owned 1.28 million Domino shares worth about $549 million as of September 30. It also owned 404,000 shares of Pool, a pool supplies distributor, worth about $152 million at that date.
The investments were disclosed in a U.S. Securities and Exchange Commission filing detailing Berkshire’s U.S.-listed investments as of September 30.
Stocks often rise after Berkshire announces new investments, reflecting investors’ belief that Buffett may be issuing a seal of approval.
Thursday’s filing does not indicate 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)
