Warren Buffett’s Berkshire Hathaway has made some significant portfolio adjustments. The company recently offloaded a chunk of its Apple and Bank of America stock.
Selling Off Stocks
Berkshire Hathaway sold off 100 million Apple shares and 243.8 million Bank of America shares. Even after these sales, Berkshire still holds a massive amount of both stocks: around 300 million Apple shares (worth about $69 billion) and 766 million Bank of America shares (worth about $32 billion).
New Investments: Pizza and Pools
But the big news is where Buffett put that money. He invested approximately $600 million in Domino’s Pizza and about $152 million in Pool Corp, a company that distributes swimming pool supplies and equipment. This brings his total new investment to roughly $752 million.
Buffett’s Investment Strategy
These new investments fit Buffett’s usual strategy: focusing on consumer-focused companies with strong brands and long-term growth potential.
Berkshire’s Top Holdings
Despite the changes, Apple remains Berkshire Hathaway’s largest holding by far, followed by American Express and Bank of America. Coca-Cola and Chevron round out the top five.
