Warren Buffett's Berkshire Hathaway bet on Domino's Pizza and Pool Corp. last quarter, and both stocks fit well in its portfolio.

The insurance titan released its 3rd-quarter portfolio update, revealing new buys in a pizza chain company and a pool supplies company.

Warren Buffett's Berkshire Hathaway took stakes in Domino's Pizza and swimming pool supplier Pool Corp. in the third quarter while continuing to trim stakes in longtime holdings Apple and Bank of America.

STORY: Warren Buffett's appetite these days consists of more pizza and less Apple - at least when it comes to stocks.His Berkshire Hathaway disclosed in regulatory documents that the Omaha-based conglomerate made a new investment in Domino's Pizza,

Berkshire Hathaway initiated these new positions during the third quarter even as it cut back its holdings of big names like Apple and Bank of America.

Domino’s is seen taking more market share as it promotes its value deals and boosts sales through new delivery partnerships.

Key Takeaways 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.

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.