Purchases come as Buffett sells Apple, Bank of America
Berkshire owned 1.28 million Domino’s 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.
Shares often rise after Berkshire reveals new investments, reflecting investors’ belief that Buffett may be providing a seal of approval. Berkshire sold $36.1 billion of stocks and bought just $1.5 billion in the quarter ended Sept. 30. For the year, Berkshire has sold $133.2 billion of stocks -- primarily Apple, followed by Bank of America -- and bought just $5.8 billion.
The sale of more than 96% of its Ulta shares marked a quick turnaround for Berkshire, which first disclosed investing in Ulta in August. Ulta shares fell 3.8% after hours.
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