Warren Buffett's Berkshire Hathaway Buys $42M More Sirius XM Shares, Stake Now 32.5%

Oct 21, 2024, 01:16 PM

Warren Buffett, through Berkshire Hathaway, is significantly increasing his investment in Sirius XM. Recent regulatory filings reveal that Berkshire Hathaway has acquired an additional $42 million worth of Sirius XM shares, bringing its total stake to approximately 32.5%. This makes Berkshire the top holder of Sirius XM's publicly traded stock. Despite Sirius XM's shares being down roughly 50% year-to-date and trading at levels not seen since 2012, Buffett's firm has invested around $129 million in the company over the past month, adding to an existing $3 billion position.