Warren Buffett's Berkshire Hathaway took a bite of Domino's Pizza and waded into the swimming pool business even as it pared several much larger bets.

Warren Buffett's Berkshire Hathaway said on Thursday it made new investments in Domino's Pizza and Pool Corp in the third quarter, even as it retrenched from stocks such as Apple and Bank of America.

Domino’s is the only sizable new equity holding by Berkshire in the period. Domino’s shares are rising in after-market activity in an apparent reaction to the Berkshire news.

Shares of Domino's Pizza jumped premarket after Warren Buffett’s Berkshire Hathaway disclosed a new position in the chain. The investment conglomerate also took a stake in Pool Corp., and cut its position in Ulta Beauty.

Warren Buffett’s Berkshire Hathaway made bold moves in the third quarter, adding stakes in Domino’s Pizza and Pool Corp., while continuing to shed holdings in Apple and Bank of America. Domino’s Pizza and Pool Corp. shares, worth $550 million and $152 million respectively, surged in after-hours trading following the announcement.

Domino’s Pizza shares jumped nearly 8% in extended trading on Thursday after a filing revealed that Warren Buffett’s Berkshire Hathaway had taken a stake in the world’s largest pizza chain. Monitor these important chart levels.

Warren Buffett's Berkshire Hathaway (BRK.A; BRK.B) took stakes in Domino's Pizza (DPZ) and swimming pool supplier Pool Corp. (POOL) in the third quarter while continuing to trim stakes in longtime holdings Apple (AAPL) and Bank of America (BAC).