Investing.com – Although Warren Buffett's cash pile continues to grow, the legendary investor has still found opportunities to his liking in recent months.
According to filings made Thursday evening, Berkshire Hathaway has indeed opened two new positions, one in Domino's Pizza Inc (NYSE:) and the other in swimming pool supplier Pool Corporation (NASDAQ:).
On the other hand, Omaha's Oracle (NYSE:) also significantly reduced its stakes in Apple Inc (NASDAQ:) and Bank of America Corp (NYSE:).
The filings Thursday more specifically confirm that Buffett sold exactly a quarter of his massive stake in Apple. The sale was hinted at by Berkshire's third-quarter earnings report earlier this month, but had not yet been officially disclosed to the public.
Apple, however, still represents about a quarter of Berkshire's $266 billion stock portfolio.
Warren Buffett opens two new positions
Regarding the two new positions, note that Berkshire acquired nearly 1.3 million shares of Domino's Pizza for a value of almost $550 million at the end of the quarter and 404,000 shares, worth 152 million dollars, in Pool Corp .
Shares of Domino's Pizza soared 7.62% in after-hours trading following the news, while those of Pool jumped 6.09%.
Note that InvestingPro Fair Value values Domino's Pizza at $430.86, or 1.2% below Thursday's closing price, while Pool Corp is valued at $370.18, 3.6% below the last official price.
Berkshire reduces its stake in Ulta and increases its stake in Heico
In other notable moves in Buffett's portfolio in Q3, he reduced his stake in cosmetics chain Ulta Beauty Inc (NASDAQ:), selling more than 95% of his positions after taking that position in the second quarter. .
Finally, aerospace company Heico Corp. (HEI), whose position was also opened in the previous quarter, is the only existing position that Buffett added to during the quarter, purchasing 5,445 shares to increase his stake to approximately 1.05 million shares of a worth more than $200 million.
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