Welcome to Extreme Investor Network, where we bring you the latest news and insights in the world of investing. Today, we are excited to share with you some recent moves made by Warren Buffett’s Berkshire Hathaway.
In a regulatory filing last quarter, Berkshire Hathaway disclosed a new stake in Domino’s Pizza. The conglomerate purchased over 1.2 million shares of the popular pizza chain, totaling approximately $550 million. This move caught the attention of investors, with Domino’s shares surging over 8% in after-hours trading. While the investment is relatively small in Berkshire’s portfolio, it could signal a strategic play by Buffett’s investing lieutenants Ted Weschler and Todd Combs.
On the flip side, Berkshire also made some other interesting moves last quarter. The company took a small stake in swimming pool supplier Pool Corp, worth about $152 million. This could be seen as a value bet, as Pool Corp shares have declined 10% this year. Additionally, Berkshire nearly liquidated its new position in Ulta, selling about 97% of the shares. Ulta shares had a modest uptick of 0.8% in the third quarter after a steep drop in the previous period.
It’s also worth noting that Berkshire made some adjustments to its top holdings last quarter. The company sold a portion of its stakes in Apple and Bank of America, while most of its big holdings remained unchanged.
Stay tuned to Extreme Investor Network for more updates on the latest trends and moves in the world of investing. Be sure to check back regularly for unique insights and analysis that you won’t find anywhere else.