Though some third-quarter stock market moves of ‘The Oracle of Omaha’ Warren Buffett, have been known for months, and others – like Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC) stock sales – drew much attention, the latest 13-f filing provided the fullest picture to date.
As it turned out, the overall portfolio underwent relatively few changes despite Berkshire Hathaway’s (NYSE: BRK.A, BRK.B) cash pile ballooning into hundreds of billions. As many as 30 holdings remained entirely unchanged.
The biggest alterations were the removal of three companies – Liberty Media (NASDAQ: LLYVK), Floor & Decor Holdings (NYSE: FND), and Sirius XM Holdings (NASDAQ: SIRI) – and a 96% reduction of the Ulta Beauty (NASDAQ: ULTA) stake.
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Simultaneously, two new stocks – Domino’s Pizza (NYSE: DPZ) and Pool Corp (NASDAQ: POOL) – entered the Buffett Portfolio, and one made a swift return: Sirius XM Holdings.
Pool Corp (NASDAQ: POOL)
Per the mid-November regulatory filing, Warren Buffett purchased 404,057 shares of Pool Corp, reported as worth $152 million on September 30, 2024, and approximately $146 million at press time on November 19.
Though the stock of the swimming equipment supplier experienced a notable drop since the end of Q3 – and is, indeed, down 7.04% year-to-date (YTD) – it could have been a profitable play for ‘The Oracle of Omaha’ thanks to an early July dip.
Specifically, the POOL shares dropped to about $296 on July 9, meaning that a purchase at that time would have risen 27% by the end of the trimester.
Domino’s Pizza (NYSE: DPZ)
Domino’s Pizza, the international pizza restaurant chain, was another notable addition to the Warren Buffet portfolio, as the billionaire investor owned 1.277 million DPZ shares at the end of Q3, 2024.
At the time, the stake was listed as worth $549 million, and, at press time on November 19, it is valued at approximately $567.7 million, provided there were no subsequent buys or sells.
Domino’s stock experienced a major and sudden drop in Q3, falling from approximately $490 on July 15 to just over $404 on July 18. DPZ shares have been on an overall upward trajectory since – albeit with significant volatility – and stand at $444.50 at press time.
Sirius XM Holdings (NASDAQ: SIRI)
Sirius XM Holdings may be the single most interesting Warren Buffett investment of Q3. To begin with, despite the 105 million shares technically being listed as a new holding, ‘The Oracle of Omaha’ has maintained a stake in the company for a long time.
Much of the confusion and action that saw the famous billionaire sell 105 million Liberty Media shares and 130 million SIRI shares only to buy more Sirius XM is due to a merger and the split-off between the two companies finalized on September 9.
Additionally, despite SIRI stock being 54.36% down YTD to its press time price of $25.04 – and despite it being withou a discernible sustained uptrend in Q3 – the trade appears at least as lucrative as the purchases of DPZ or POOL.
This dynamic is further exemplified by the holding being reported as worth $2.48 billion on September 30 and rising to about $2.63 billion by press time on November 19.
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