Billionaire Warren Buffett is pouring hundreds of millions of dollars into a single investment after creating a huge cash pile by steadily dumping shares of Bank of America, JPMorgan Chase and Wells Fargo.
Berkshire Hathaway’s latest Form 13F filings show the Wall Street legend bought about 20 million shares of Sirius XM (SIRI) in Q3 2024 through Q1 2025, valued at about $459 million based on an average price of $22.95 per share.
That brings Berkshire’s total SIRI holdings to a whopping 119,776,692 shares, worth about $2.9 billion at time of publishing – accounting for more than 35% of the company’s outstanding shares.
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The purchase is an attempt to buy-the-dip in the satellite and online audio entertainment service company, which offers a wide variety of
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