Business

Warren Buffett’s Berkshire Hathaway buys stakes in Domino’s, Pool

November 14, 2024

Warren Buffett’s Berkshire Hathaway said 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.

Berkshire owned 1.28 million Domino 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.

Warren Buffett’s Berkshire Hathaway retrenched from from stocks such as Apple and Bank of America REUTERS

The investments were disclosed in a Securities and Exchange Commission filing detailing Berkshire’s US-listed investments as of Sept. 30.

Shares often rise after Berkshire discloses new investments, reflecting investors’ belief that Buffett may be providing a seal of approval.

Domino's pizza box — Berkshire owned 1.28 million Domino shares worth about $549 million as of Sept. 30. AP

Thursday’s filing does not say whether Buffett or his portfolio managers Todd Combs and Ted Weschler are responsible for individual investments.

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Wesley Scott

Wesley Scott is a seasoned business journalist with a knack for breaking down complex financial matters and corporate trends. With a background that includes seven years working on Wall Street, Wesley brings insider knowledge to his reporting, offering readers both depth and clarity. His articles cover a wide range of topics, from market trends and corporate leadership changes to business ethics and the impact of global events on industries. Known for his ability to identify emerging patterns in the business world, Wesley’s writing serves as a reliable resource for professionals and curious readers alike. Whether covering shifts in consumer behavior or unraveling the dynamics of corporate mergers, Wesley's work ensures his audience stays ahead of the curve.