Warren Buffett's Berkshire Hathaway took stakes in Domino's Pizza and swimming pool supplier Pool Corp. in the third quarter while continuing to trim stakes in longtime holdings Apple and Bank of America.

Warren Buffett’s Berkshire Hathaway has taken a new position in Domino’s Pizza Inc. while continuing to pare back its investment

Berkshire Hathaway Inc. bought stock in Domino’s Pizza Inc. and Pool Corp. during the third quarter as Chairman Warren Buffett cut back on some long-held investments. Shares of the two new holdings jumped in late New York trading.

Berkshire owned 1.28 million Domino 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. The investments were disclosed in a U.S. Securities and Exchange Commission filing detailing Berkshire's U.S.-listed investments as of Sept. 30.

Berkshire's newfound craving for Domino's translated into a 1.28 million share stake worth approximately $549 million as of September 30th.

Berkshire Hathaway initiated these new positions during the third quarter even as it cut back its holdings of big names like Apple and Bank of America.

Could this be a vote of approval? The post Is Warren Buffett buying Domino's shares while they're down? appeared first on The Motley Fool Australia.