Mon Nov 18 08:50:00 UTC 2024: ## Buffett’s Berkshire Hathaway Shakes Up Portfolio, Leaving Investors Watching Nvidia
**New York, NY (November 15, 2024)** – Warren Buffett’s Berkshire Hathaway sent ripples through the market Thursday with the release of its 13F filing, revealing significant portfolio adjustments in the third quarter. While the conglomerate sold major holdings in Apple and Bank of America, it made notable new investments in Domino’s Pizza and Pool Corp., sparking mixed reactions in the market.
Berkshire purchased approximately 1.28 million Domino’s Pizza shares ($549.3 million) and 404,000 Pool Corp. shares ($152.3 million) by the end of September. Friday’s trading saw Pool Corp. stock experience modest gains, while Domino’s dipped slightly. These moves contrast with Berkshire’s net selling of $34.6 billion in publicly traded stocks during the quarter, marking eight consecutive quarters of net selling. The company attributed its massive cash position of $325 billion to a lack of appealing investment opportunities.
Other significant shifts included increased investment in Heico (a jet engine supplier) and substantial reductions in Ulta Beauty (96.5% reduction) and Nu Holdings (19% reduction). Berkshire completely exited its position in Floor & Decor.
Despite the net selling, Berkshire Hathaway’s Class B shares edged higher Friday, recovering from a recent dip below their 50-day moving average. The company’s stock is up 32% year-to-date.
The market continues to monitor Berkshire Hathaway’s moves closely, given Buffett’s long-term investment strategy and the firm’s history of strong returns. However, all eyes are now also on Nvidia’s upcoming earnings report as the recent “Trump rally” shows signs of waning. The Nasdaq took the hardest hit among major indices on Friday.
First Piper 