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

Jonathan Stempel - Reuters - 15/11
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 retrenched from stocks such as Apple and Bank of America .
  • Domino, Pool shares rose after Berkshire reveals stakes
  • Purchases come as Buffett sells Apple, Bank of America
  • Berkshire ended September with $325.2 billion cash
Nov 14 (Reuters) - Warren Buffett's Berkshire Hathaway (BRKa.N), opens new tab said on Thursday it made new investments in Domino's Pizza (DPZ.N), opens new tab and Pool Corp (POOL.O), opens new tab in the third quarter, even as it retrenched from stocks such as Apple (AAPL.O), opens new tab and Bank of America (BAC.N), opens new tab.
Berkshire owned 1.28 million Domino's 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.
Domino's shares rose 6.9% and Pool shares rose 5.7% after market hours following Berkshire's disclosures.
Shares often rise after Berkshire reveals 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.
Neither Domino's nor Pool immediately responded to requests for comment.
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