Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Billionaire Warren Buffett Pours $752,000,000 Into New Assets After Dumping Apple, Bank of America

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

Daily HodlDaily Hodl2024/11/22 16:00
By:by Daily Hodl Staff

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).

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like