Warren Buffett's Berkshire Hathaway buys more SiriusXM shares, boosts stake to 35%

Warren Buffett's company, Berkshire Hathaway, still believes in satellite radio. According to a recent report, the company has bought more shares of SiriusXM Holdings, which owns Pandora.

Berkshire Hathaway now holds more than 35% of SiriusXM, showing their ongoing confidence in the satellite radio business.

Latest transactions

In a series of transactions between late January and early February, Berkshire Hathaway acquired over 2.3 million additional shares of SiriusXM. This brings its total holdings in the satellite radio company to more than 119.78 million shares.


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Based on the stock price as of February 4, Berkshire’s stake is valued at approximately $2.91 billion.

This move highlights Berkshire Hathaway's confidence in SiriusXM’s long-term potential, as it increases its holding in the company, further solidifying its position as one of its largest shareholders.

According to SiriusXM’s annual 10-K report released late last month, the company has just under 338.77 million outstanding shares. With its latest acquisitions, Berkshire Hathaway now holds approximately 35.36% of SiriusXM, up from its previous 34.67% stake.

Investment strategy and performance

Over the past few months, Berkshire Hathaway has made several changes to its investment portfolio, contributing to a record-high cash pile of $325 billion by the end of the third quarter. The company reduced its investments in large, long-held companies such as Bank of America and Apple, while adding new investments like Domino's Pizza in 2024.

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On Tuesday, SiriusXM shares rose by around 1%, but they have fallen over 50% in the past year.

FAQs:

1. What is the annual 10-K report?
The annual 10-K report is a detailed summary that publicly traded companies in the US must file with the Securities and Exchange Commission (SEC). It includes information about the company’s financial performance, risks, management and operations over the previous year.

2. What is SiriusXM?
SiriusXM is a satellite radio company that provides a wide range of audio content, including music, news, sports and talk shows, through satellite broadcasting.