The form 13f document released on Thursday by usa time shows that berkshire hathaway reduced its shareholding in the third quarter. $Apple (AAPL.US)$ 、 $Bank of America (BAC.US)$ 、 $Ulta Beauty (ULTA.US)$ satellite broadcasting company $Sirius XM (SIRI.US)$ 、 $Charter Communications (CHTR.US)$ The stocks, newhold positions are $Domino's Pizza (DPZ.US)$ and a distributor of swimming pool supplies $Pool Corp (POOL.US)$ 。

As of the end of the third quarter, Berkshire Hathaway's major holdings include $Apple (AAPL.US)$ 、 $American Express (AXP.US)$ 、 $Bank of America (BAC.US)$ 、 coca-cola (KO.US) 、 $Chevron (CVX.US)$ In the third quarter, the top ten holdings of the company only saw shareholding reductions in apple and bank of america.

During the third quarter, Berkshire's shareholding reduction in apple was 25%. This year, its cumulative shareholding reduction in apple has reached two-thirds.

During the third quarter, Berkshire's shareholding reduction in bank of america was nearly 23%, and by the end of the quarter, its shareholding ratio was 10.4%. It is worth noting that entering October, regulatory documents show that Buffett continued to reduce his holdings in bank of america. As the shareholding ratio fell below the 10% key threshold, there is no need to disclose the trade as per the relevant regulations of the SEC.

Berkshire sold most of its shares in $Ulta Beauty (ULTA.US)$ This portion of the hold positions decreased by 96.5%. As a result of Berkshire's shareholding reduction, ulta beauty fell about 4% in after-hours trading.

Berkshire's hold position in ulta beauty was very short. The 13F filing released in mid-August this year showed that Berkshire established a position in this beauty stock, buying about 0.69 million shares, with a total value of approximately 0.266 billion dollars. At that time, the establishment of the position surprised the market, sparking considerable discussion.

However, the financial report released at the end of August showed that ulta's second-quarter performance fell short of expectations across the board, marking the first time since May 2020 that the eps did not meet expectations, and the first time since December 2020 that the revenue failed to meet expectations. Following a decline in same-store sales, the company downgraded its annual performance outlook.

In the third quarter, Berkshire's other new stock position was domino's pizza. As of September 30, Berkshire held 1.28 million shares of domino's stock, worth approximately 0.549 billion dollars. Domino's pizza rose over 7% in after-hours trading.

In the third quarter, another new stock for Berkshire was pool corp, a swimming pool supplies distributor. At the end of the quarter, Berkshire held 0.404 million shares of pool stock, worth approximately 0.152 billion dollars. Pool rose over 5% in after-hours trading.

The two new positions that Berkshire entered in the third quarter have some commonalities:

So far this year, both have underperformed relative to the overall market. The stock price of domino's pizza has risen about 6% year-to-date, while pool's stock price has fallen by 8%.

Due to spending pressures on low-income consumers, the stock price of domino's pizza has been suppressed. With people being more cautious about discretionary spending, the demand for swimming pools has been sluggish, which has weighed down pool's stock price.

Although Berkshire reduced its holding in the satellite broadcasting company sirius xm at the end of the third quarter, more timely regulatory documents from October show that Berkshire increased its shareholding in the stock. From October 16-18, Berkshire Hathaway increased its investment in sirius xm stock worth approximately 86.73 million dollars, bringing total holdings to 0.10872 billion shares. Sirius's stock price did not show significant fluctuations in after-hours trading.

Sirius XM is a North American radio entertainment company that provides live broadcasts, programming, and other services through satellite broadcasting, offering content such as music, sports, drama, talk shows, and news, primarily maintaining stable profitability through in-car scenarios.

After Berkshire discloses investment changes, the stock price typically rises or falls, highlighting investor recognition of Buffett.

At the beginning of this month, Berkshire's financial report showed that due to poor performance in the insurance business, the company's revenue and operating profit unexpectedly declined slightly in the third quarter, with operating profit down 6.2% year-on-year, falling short of expectations. The company's cash reserves rose to $325.2 billion, setting a historical record.

The market generally speculates that the reasons for Berkshire's shareholding reduction in apple and bank of america may include overvaluation and reduced concentration in portfolio management. Coupled with the fact that it did not repurchase any of its own stocks in the third quarter and that the two new stocks in the latest hold positions have relatively poor stock price performance, it further confirms the market speculation that the investment guru Buffett believes that U.S. stocks are currently too expensive.

As of Thursday's close, $Berkshire Hathaway-A (BRK.A.US)$ it has increased by about 29% year to date.

Editor/Somer