Warren Buffett's Strategic Investment Shift: Embracing Domino's and Pool Corp While Trimming Apple and Bank of America Shares
ICARO Media Group
### Warren Buffett Diversifies Portfolio with New Investments in Domino's and Pool Corp
Warren Buffett, renowned billionaire and the face of Berkshire Hathaway, has embarked on new investment ventures, injecting hundreds of millions into fresh opportunities. According to the firm’s latest 13F filings, updated as of September 30th, Buffett made significant changes to his investment strategy by shedding substantial shares in both Apple (AAPL) and Bank of America (BAC). The filings reveal that Berkshire Hathaway offloaded 100 million shares of Apple and 243.8 million shares of Bank of America.
Despite these sell-offs, Berkshire Hathaway still retains a substantial position in these companies, holding 300 million Apple shares valued at approximately $69 billion and 766 million Bank of America shares worth around $32 billion. Amid these strategic adjustments, Buffett has begun sizing up new terrains, notably establishing a position in the pizza giant Domino's (DPZ) by purchasing about 1.3 million shares estimated to be worth $600 million.
Further diversifying the portfolio, Buffett has also decided to invest in Pool Corp (POOL), a company specializing in the distribution of swimming pool supplies, equipment, and other outdoor products. The acquisition includes roughly 400,000 shares of Pool Corp, valued at about $152 million.
These new investments align seamlessly with Buffett's enduring philosophy of favoring straightforward, consumer-focused businesses that boast competitive advantages coupled with substantial long-term growth prospects. Notwithstanding the recent portfolio reshuffling, Apple remains Berkshire Hathaway’s largest holding at $69 billion, followed by significant investments in American Express (AXP) with $41 billion, Bank of America (BAC) at $32 billion, Coca-Cola (KO) at $31 billion, and Chevron (CVX) at $29 billion.