Berkshire Hathaway raises stake in Sirius XM
Feb. 04, 2025 9:07 AM ETSirius XM Holdings Inc. (SIRI) Stock, BRK.B Stock, BRK.A StockBy: Preeti Singh, SA News Editor4 Comments

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Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) has further raised its bet on Sirius XM Holdings (NASDAQ:SIRI), boosting its stake to over 35%, latest regulatory filings show.

The conglomerate acquired around 2.3M shares of the radio broadcasting firm for about $54M in a series of transactions from Jan. 30-Feb. 03, 2025.

Berkshire now owns 35.4% of SiriusXM (NASDAQ:SIRI). As of Feb. 3, Berkshire Hathaway's subsidiaries own over 103.79M SiriusXM shares, and Berkshire's pension plans own 15.98M shares.

Berkshire (NYSE:BRK.A) (NYSE:BRK.B) has been steadily amplifying its stake in Sirius (SIRI), as majority owner Liberty Media decided to merge its tracking stock with Sirius in the second half of 2024. It began investing in Liberty Media in 2016.

SiriusXM (SIRI) shares rose 3.3% premarket on Tuesday. Shares lost 53% in value over the past year.

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