Berkshire Hathaway increases stake in Sirius XM, filing shows

Published 04/02/2025, 03:36
© Reuters.

Investing.com-- Warren Buffett’s Berkshire Hathaway Inc (NYSE:BRKa) increased its stake in satellite radio company Sirius XM Holding Inc (NASDAQ:SIRI) over the past week, the hedge fund disclosed in an SEC filing on Monday.

Berkshire purchased about 2.3 million shares worth a total of about $52 million in the company since January 30, bringing its total stake in Sirius to about $2.9 billion, the SEC filing showed. 

Berkshire’s purchases come as Sirius beat expectations with its fourth-quarter earnings, as the company benefited from robust demand for its live sports shows. The audio entertainment provided also benefited from its tie-ups with major auto manufacturers, including Toyota (NYSE:TM) and Tesla (NASDAQ:TSLA). 

The company has about 34 million subscribers. 

Berkshire had steadily built up its stake in Sirius through 2024, especially after majority owner Liberty Media decided to merge its tracking stock with Sirius in the second half of 2024. 

Berkshire had begun investing in Liberty Media in 2016. 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.