Warren Buffett's Berkshire Hathaway acquired over 1.2 million shares of Domino's Pizza, valued at approximately $550 million, while also taking a small stake in Pool Corp worth $152 million. The investment in Domino's follows disappointing sales growth, with shares rising over 8% post-announcement. Conversely, Berkshire nearly sold off its stake in Ulta, reducing its holdings by 97% after a lackluster performance.
Warren Buffett has continued to reduce his Apple stake, selling about a quarter in the third quarter, leaving Berkshire Hathaway with $69.9 billion in shares, down 67.2% from last year. The selling spree, which began in late 2023, is speculated to be driven by high valuations and potential tax implications, as Berkshire's cash reserves hit a record $325.2 billion. Apple shares have risen 16% this year, lagging behind the S&P 500's 20% gain.
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