Billionaire investor Warren Buffett cut some off Berkshire Hathaway Inc‘S BRK BRK largest asset this year.

The Omaha, Nebraska-based holding company’s latest 13F filing shows the sell-off trend continues.

What happened: Berkshire’s latest 13F filing, filed on Thursday, reflects the company’s largest holdings as of September 30.

Buffett reduced his stake in the American economy Apple Inc. AAPL from 400 million to 300 million shares. For example, Berkshire has now cut its position in the Cupertino, California-based tech giant by more than two-thirds since the third quarter of 2023.

The Omaha “oracle” also continued to reduce his stake in the case Bank of America Corp BACreducing another 23% of Berkshire’s position.

Berkshire has cut almost its entire position Ulta Beauty Inc ULTA. Buffett unveiled a position in the cosmetics retailer in August; The company’s shares have performed about the same since then. Buffett’s tenure in Ulta was unusually short for the famed value investor.

Meanwhile, Buffett added some new faces to Berkshire’s portfolio.

Buffett bought 1,277,256 shares of the Ann Arbor, Michigan-based pizza chain Domino’s Pizza Inc DPZ. He also made a foray into pool equipment, buying 404,057 shares of it Pool Corp SWIMMING POOL.

Price promotion: Investors were quick to respond to Berkshire’s after-hours 13F filing:

• Shares of Dominoes Pizza rose nearly 7%.
• Shares of Pool Corp rose almost 6%.
• Ulta Beauty shares fell more than 4%.
• Apple and Bank of America have lost an insignificant portion of their market value.

Why it’s important: At Berkshire’s annual shareholder meeting in May, Buffett hinted that his sell-off was due to tax implications.

This hasn’t stopped investors from suspecting that Buffett may be bearish on the market as a whole.

Alternatively, Buffett could simply unwind positions that take up an inordinately large portion of Berkshire’s portfolio to reduce exposure.

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