Billionaire Warren Buffett is investing hundreds of millions of dollars in two new investments.
Berkshire Hathaway’s new 13F filings show the company’s holdings as of September 30, confirming that Buffett dumped another 100 million shares of Apple (AAPL) and 243.8 million shares of Bank of America (BAC).
After some massive selling over several quarters, Berkshire now owns 300 million Apple shares worth about $69 billion and 766 million Bank of America shares worth about $32 billion.
Amid the sell-off, Buffett has taken a new position in pizza giant Domino’s (DPZ), buying about 1.3 million shares for an estimated $600 million.
Buffett has also taken a new stake in Pool Corp (POOL), which distributes pool supplies and equipment, as well as other outdoor products.
Buffett purchased approximately 400,000 shares of POOL worth approximately $152 million.
The new purchases are in line with Buffett’s strategy of investing in simple, consumer-oriented businesses with competitive advantages and long-term growth potential.
Despite the changes in Berkshire’s portfolio, the company’s largest holding is still Apple with the aforementioned $69 billion, followed by American Express (AXP) with $41 billion and Bank of America (BAC) with $32 billion.
After that, Berkshire owns about $31 billion in Coca-Cola (KO) and $29 billion in Chevron (CVX).
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