Warren Buffett's Berkshire Hathaway bet on Domino's Pizza and Pool Corp. last quarter, and both stocks fit well in its portfolio.

The insurance titan released its 3rd-quarter portfolio update, revealing new buys in a pizza chain company and a pool supplies company.

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.

Warren Buffett's Berkshire Hathaway took a bite of Domino's Pizza and waded into the swimming pool business even as it pared several much larger bets.

Warren Buffett’s Berkshire Hathaway established new positions in consumer companies Domino’s Pizza and Pool Corp. while mostly selling stocks in the third quarter. The Omaha, Neb., company also slashed its recently established stake in Ulta Beauty and cut its holdings of Capital One Financial and Charter Communications,

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.

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

Domino’s Pizza shares jumped nearly 8% in extended trading on Thursday after a filing revealed that Warren Buffett’s Berkshire Hathaway had taken a stake in the world’s largest pizza chain. Monitor these important chart levels.

Domino’s is seen taking more market share as it promotes its value deals and boosts sales through new delivery partnerships.