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

reuters05:31
Berkshire bites into Domino's Pizza, dips into Pool amid stock retreat

Nov 14 (Reuters) - Warren Buffett's Berkshire Hathaway BRKa.N said on Thursday it made new investments in Domino's Pizza DPZ.N and Pool Corp POOL in the third quarter, even as it retrenched from from stocks such as Apple AAPL.O and Bank of America BAC.N.

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.

The investments were disclosed in a U.S. Securities and Exchange Commission filing detailing Berkshire's U.S.-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.

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

(Reporting by Jonathan Stempel in New York; editing by Jonathan Oatis)

((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net))

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