According to CNBC, last week, Warren Buffett's Berkshire Hathaway (BRK.A.US) made a major purchase of shares in the broadcasting company SiriusXM (SIRI.US). Based on the filings submitted to regulatory agencies last Friday, the investment group bought $86.73 million worth of shares in three days, increasing its total holdings in the company to 108.72 million shares. Berkshire Hathaway purchased 869,800 shares of SiriusXM stock last Wednesday; on Thursday, it bought 917,800 shares and 517,200 shares through two separate transactions; and on Friday, it acquired 1,259,300 shares.
Berkshire Hathaway had disclosed its stake in SiriusXM as early as November 2023. In September last year, after completing a deal with Liberty Media, SiriusXM became a independently listed company with simplified capital structure. The broadcasting company is expected to announce its first performance since then on October 31.
In 2008, Sirius Satellite Radio merged with XM Satellite Radio Holdings to form SiriusXM, providing music, sports, entertainment, comedy, talk, news, traffic, weather channels, and information entertainment services in North America through its proprietary satellite broadcasting system. Subsequently, SiriusXM also acquired the former music streaming giant Pandora. According to its official website, SiriusXM's revenue for the 2023 fiscal year reached $8.95 billion, with EBITDA and net profit of $2.79 billion and $1.26 billion respectively, reaching an audience of 150 million and approximately 34 million subscribers.
In contrast, Berkshire Hathaway has been steadily selling off its holdings in Bank of America (BAC.US). The company began reducing its stake in the second largest bank in the United States from mid-July, and has recently lowered its ownership to below 10%

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Berkshire Hathaway made a major purchase of SiriusXM stock last week, with an investment amount of $86.73 million, increasing its total holdings to 108.72 million shares. The company purchased 869,800 shares, 917,800 shares, 517,200 shares, and 1,259,300 shares within three days. At the same time, Berkshire Hathaway also reduced its holdings in Bank of America, lowering its stake to below 10%. SiriusXM is expected to announce its first-quarter results on October 31st

- Berkshire Hathaway, led by Warren Buffett, significantly increased its stake in SiriusXM by purchasing $86.73 million worth of shares last week, raising its total holdings to 108.72 million shares.  
- The investment group made multiple transactions over three days, acquiring nearly 1.5 million shares in total.  
- SiriusXM, which became an independent public company after a deal with Liberty Media, is set to announce its first earnings report since then on October 31, 2023.

After selling Bank of America, Berkshire Hathaway significantly increased its holdings in SiriusXM