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Billionaire Warren Buffett Pours $752,000,000 Into New Assets After Dumping Apple, Bank of America - The Daily Hodl


Billionaire Warren Buffett Pours $752,000,000 Into New Assets After Dumping Apple, Bank of America - The Daily Hodl

Billionaire Warren Buffett is pouring hundreds of millions of dollars into two new investments.

Berkshire Hathaway's new 13F filings show the firm's holdings as of September 30th, confirming Buffett has dumped another 100 million shares of Apple (AAPL) and 243.8 million shares of Bank of America (BAC).

After several massive sales across multiple quarters, Berkshire now holds 300 million Apple shares worth about $69 billion and 766 million Bank of America shares worth about $32 billion.

Amid the sell-offs, Buffett has entered a new position in the 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 swimming pool supplies and equipment, as well as other outdoor products.

Buffett purchased about 400,000 shares POOL worth about $152 million.

The new buys align with Buffett's strategy of investing in straightforward consumer-focused businesses with competitive advantages and long-term growth potential.

Despite the changes to Berkshire's portfolio, the firm's biggest holding is still Apple at the aforementioned $69 billion, followed by American Express (AXP) at $41 billion and Bank of America (BAC) at $32 billion.

After that, Berkshire holds about $31 billion in Coca-Cola (KO) and $29 billion in Chevron (CVX).

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