Buffett Dumps Verisign: Here’s What He Bought Instead 🤑

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Warren Buffett, the billionaire with more money than he knows what to do with, just decided to part ways with nearly $1.23 billion worth of Verisign shares. Because why keep a good thing, right? 😂

Verisign, the internet infrastructure provider that makes sure your emails don’t end up in Siberia, announced Berkshire’s sale on Monday. Berkshire, the Omaha-based investment giant, will sell 4,300,000 shares of Verisign’s common stock to the public for $285 per share. Goodbye, Verisign, it was nice knowing you! 🙌

Verisign’s stock, VRSN, is down 3.78% in the past 24 hours and 7.61% in the past five days. But hey, at least it’s up 29% in 2025. So, not all doom and gloom, I guess. 🌞

The sell-off happened right after Buffett’s firm went on a shopping spree in the first quarter of 2025. Like, who needs a budget when you’re Warren Buffett? 🤷‍♂️

Filings with the U.S. Securities and Exchange Commission (SEC) revealed that Berkshire added 865,311 shares of the swimming pool supply giant POOLCORP (POOL) for nearly $262 million in Q1. Because everyone needs a pool during a pandemic, apparently. 🏊‍♂️

The firm also splurged on 6,384,676 shares of the alcohol producer Constellation Brands (STZ) for nearly $961 million. Looks like Buffett’s ready to party. 🍾

And if that wasn’t enough, they threw in 238,613 new shares of Domino’s Pizza (DPZ) worth approximately $204 million. Because, you know, pizza is life. 🍕

To top it off, the Omaha-based holding company bought 112,401 new shares of Heico Corporation (HEI), an aerospace and electronics firm, for nearly $50 million in Q1. Because why not add a little rocket fuel to the portfolio? 🚀

The performance of Berkshire’s new investments has been a bit of a rollercoaster in 2025 so far: POOL is down 8.42% on the year and STZ is down 22.42%, but DPZ is up 13.25% year-to-date and HEI is up 36.8%. So, it’s a mixed bag, but hey, at least it’s not all bad. 🤷‍♀️

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2025-07-31 12:22