Warren Buffett’s Q3 portfolio moves include cutting Apple stakes and investing in Sirius XM and more.
Sectors & Industries
December 19, 2024
Table of Contents
Warren Buffett made headlines in Q3 this year by dumping $14.3 billion worth of Apple stock, a significant shift in his portfolio. While trimming his position in the tech giant, Buffett focused on other opportunities, including a $2.5 billion re-investment in Sirius XM. Hedge funds are taking notice, with 7 hedge funds, including Citadel Investment, increasing their stakes in Q3.
Buffett also added $550 million to Domino’s, which continues its global expansion, now with over 21,000 stores. Its creative promotions, like the “Emergency Pizza” campaign with Stefon Diggs, have kept the brand in the spotlight.
Lastly, Buffett invested $150 million in Pool Corp, which posted $1.5 billion in Q3 net sales, its second-highest on record. As the largest distributor of swimming pool supplies, Pool Corp remains strong, benefiting from consistent demand for maintenance and repair products.
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