Warren Buffett's Berkshire Hathaway said on Thursday it made new investments in Domino's Pizza and Pool Corp in the third quarter, even as it retrenched from stocks such as 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 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.

Warren Buffett’s Berkshire Hathaway made bold moves in the third quarter, adding stakes in Domino’s Pizza and Pool Corp., while continuing to shed holdings in Apple and Bank of America. Domino’s Pizza and Pool Corp. shares, worth $550 million and $152 million respectively, surged in after-hours trading following the announcement.

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 (BRK-A, BRK-B) recently disclosed stakes in Domino's Pizza (DPZ) and Pool Corp. (POOL). Berkshire bought 1.3 million shares in Domino’s — now a 3.6% stake, valued at $550 million following recent comments and stronger-than-expected retail sales — and a 1% stake in Pool Corp,

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