Warren Buffett Sells Apple Stock and Buys a Restaurant Stock Up 3,100% Since Its IPO

Warren Buffett reportedly manages about 90% of Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) equity securities portfolio, while understudies Todd Combs and Ted Weschler handle the rest. The company does not disclose which investment manager makes each individual trade, but Buffett is almost certainly in charge of large positions like Apple (NASDAQ: AAPL).Despite once calling Apple the "best business" in the world, Buffett sold 100 million shares in the third quarter, cutting Berkshire's stake by 25%. And while Apple still ranked as the company's largest holding as of Sept. 30, Buffett has now sold more than 615 million shares in the last four quarters.Meanwhile, Berkshire started a very small position in Domino's Pizza (NYSE: DPZ) in the third quarter. That stock is up 3,100% since its initial public offering (IPO) in July 2004, but it has struggled more recently. Shares have fallen 21% in the last three years, despite the S&P 500 advancing 28% during that period.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool