Warren Buffett's Berkshire Hathaway just bought $26.9 million more Sirius XM shares
Berkshire Hathaway, the massive holding company led by American billionaire Warren Buffett, bought $26.9 million of Sirius XM stock over three days, lifting its satellite radio stake to 37 percent. Berkshire Hathaway Inc. bought 924,281 shares over three trading days, according to a filing with the U.S. Securities and Exchange Commission on Nov. 3.
The biggest purchase came on Oct. 30, when it bought 743,965 shares at a weighted average price of about $28.89. It added 66,968 shares on Nov. 2 at about $29.47 and 113,348 shares on Nov. 3 at about $30.23, according to Billionaires.Africa.
The purchases lift Berkshire's holding to 125,731,398 shares, about 37 percent of the 336.5 million Sirius XM shares outstanding as of Oct. 27. At the Nov. 3 average price, the stake is worth about $3.8 billion. Most of the shares, 109.7 million, are held by Berkshire's car insurer GEICO, and the remaining 16 million by pension plans of Berkshire subsidiaries.
The buying came as Sirius XM's stock rallied. The shares gained about 12.7 percent over the past week and are trading near their 52-week high of $32.66. On Oct. 29, Sirius XM reported third-quarter revenue of $2.153 billion, down 0.3 percent from a year earlier, and net income of $317 million, up 6.7 percent.
It added 5,000 self-pay subscribers in the quarter, after losing 40,000 a year earlier, and ended September with 31.3 million. The company raised its full-year revenue forecast to about $8.55 billion. Berkshire became Sirius XM's biggest investor after the company combined with Liberty Media Corp.'s Liberty SiriusXM tracking stock in September 2024, and it has added to the stake several times since.
Berkshire is now run by Greg Abel, who succeeded Buffett as chief executive at the start of 2026 after overseeing the company's non-insurance businesses as vice chairman since 2018. Buffett stayed on as chairman after leading Berkshire for six decades.
