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Is This Greg Abel’s Next Stock to Sell From Berkshire Hathaway’s Portfolio?
Yahoo Finance· 2026-01-24 16:08
Core Viewpoint - Berkshire Hathaway, under new CEO Greg Abel, is considering selling its entire stake in Kraft Heinz due to the company's split into two distinct entities, a move not supported by either Buffett or Abel [2] Group 1: Berkshire Hathaway's Stake in Kraft Heinz - Berkshire Hathaway may sell its entire stake in Kraft Heinz, which represents about 27.5% of the company's shares [2] Group 2: Sirius XM Holdings - Berkshire Hathaway holds a significant stake of approximately 37.1% in Sirius XM Holdings, totaling about 124.8 million shares [5][7] - The position in Sirius XM has lost 38% since 2016, with subscriber numbers declining from 34 million in 2023 to 33 million by Q3 2025 [7] Group 3: Reasons to Retain Sirius XM - Sirius XM's monopoly status in satellite radio provides a competitive edge with limited direct rivals [6] - The subscription-based model generates predictable cash flows, primarily from recurring payments by listeners [6] - Sirius XM offers a dividend yield of around 5.3%, providing Berkshire Hathaway with approximately $135 million in annual payments based on its holdings [6]