Buffett’s Berkshire buys shares of Domino’s Pizza and Pool Corp., dumps Apple shares

Warren Buffett’s Berkshire Hathaway (BRK.A; BRK.B) took stakes in Domino’s Pizza (DPZ) and swimming pool supplier Pool Corp. ( POOL ) in the third quarter while continuing to reduce stakes in longtime holdings Apple ( AAPL ) and Bank of America ( BAC ).

The moves were part of a series of stock adjustments — disclosed in regulatory documents filed late Thursday — that show Buffett continues to be a net seller of stocks as he builds Berkshire’s already huge cash holdings. The conglomerate announced earlier this month that its cash pile rose to a record $320.3 billion from $271.5 billion in the second quarter, with the vast majority of that total ($288 billion) invested in short-term Treasuries.

The filing on Thursday confirmed that Buffett sold exactly a quarter of his huge stake in Apple. The sale was suggested by Berkshire’s third-quarter earnings report earlier this month, but had not yet been officially announced. Berkshire has steadily reduced its stake in the iPhone maker, reducing it from nearly $175 billion at the start of the year to about $70 billion at the end of September. Still, Apple accounts for about a quarter of Berkshire’s $266 billion stock portfolio.

As expected, Berkshire sold about 235 million shares of Bank of America. Berkshire, as a more than 10% owner of the lender, was required to report its reading of BofA shares throughout the quarter.

Two new additions and one exit

Berkshire acquired nearly 1.3 million Domino’s Pizza shares worth nearly $550 million at the end of the quarter. The firm also added a stake of 404,000 shares worth $152 million in Pool Corp. to its portfolio. Shares in both Domino’s and Pool jumped in extended trading on Thursday after the investments were announced.

Buffett sold the rest of Berkshire’s position in Floor & Decor Holdings (FND) last quarter after shrinking it in the previous quarter.

Berkshire cuts Ulta, adds Heico

Buffett cut his stake in cosmetics chain Ulta Beauty ( ULTA ) and sold more than 95% of his holdings after he took the position in the second quarter.

He also shrank shares of Capital One Financial (COF), Charter Communications (CHTR) and fintech firm Nu Holdings (NU).

Aviation company Heico Corp. ( HEI ) was the only existing position Buffett added to during the quarter, buying 5,445 shares to bring his stake to about 1.05 million shares, valued at over $200 million.