Warren Buffett Increases Bet on SiriusXM as Berkshire Surpasses 35% Stake

Group 1 - Berkshire Hathaway has increased its stake in SiriusXM Holdings, surpassing 35% ownership, as indicated by a recent SEC filing [1][4] - The firm acquired over 2.3 million shares in late January and early February, raising its total holdings to more than 119.78 million shares, valued at approximately $2.91 billion at the current stock price [2] - SiriusXM reported nearly 338.77 million outstanding shares, resulting in Berkshire's stake increasing from 34.67% to about 35.36% [2] Group 2 - Berkshire Hathaway's cash reserves reached a record high of $325 billion by the end of the third quarter, following various investment adjustments [3] - The firm has reduced its positions in major holdings like Bank of America and Apple while making new investments, including in Domino's Pizza [3] - SiriusXM shares experienced a slight increase of around 1% on the day of the report, although they have declined over 50% in the past year [3]