Warren Buffett, an "investment genius" who recently sold a large number of shares in Apple and Bank of America (BofA), bought Domino's Pizza and Pool Corp. shares.
According to Bloomberg News on the 15th, Berkshire Hathaway, an investment company run by Buffett, reported to regulators that it purchased 1.3 million shares of pizza retailer Domino's Pizza for about $550 million (about 773.4 billion won) in the third quarter.
This is equivalent to 3.6% of all Domino's Pizza stocks.
Berkshire also purchased a 1% stake in swimming pool equipment distributor Full Corporation for about $152 million (W213.7 billion).
Shares of the two companies jumped more than 7% in after-hours trading in New York as news of Buffett's stake acquisition spread.
By comparison, Berkshire sold a majority stake in cosmetics retailer Ulta Beauty, which it purchased in the second quarter.
Ulta Beauty shares fell more than 4% in after-hours trading.
Berkshire has recently attracted investors' attention by cashing in a lot of its holdings.
Cash holdings increased by $48.3 billion (about 66.6782 trillion won) from $276.9 billion at the end of the second quarter to $325.2 billion at the end of the third quarter.
Among Berkshire's large holdings, it sold many of its shares in Apple and Bank of America.
In the case of Apple's stake, it sold about 25% of its holdings.
"We want to buy stocks too, but we won't unless we have very little risk and we think we can make a lot of money," Buffett said in a letter to shareholders in May.
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