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Steve Strazza

Buffett's Berkshire Boosts Its SIRI Stake to 32.5%

October 21, 2024

Warren Buffett’s Berkshire Hathaway just turned up the volume on its stake in Sirius XM Holdings $SIRI with the purchase of an additional 1,557,702 shares, valued at a cool $42 million.

This move nudges Berkshire’s ownership stake from 32% to 32.5%, reaffirming Buffett’s confidence in the satellite radio company.

Here’s The Hot Corner, with data from October 18, 2024:

241021_hot_corner_table

 

Jana Partners Management filed a 13D for Lamb Weston Holdings $LW revealing an initial stake of 5.00%.

In another Form 4, James Ayers, a significant shareholder and former director of FB Financial Corp $FBK revealed a purchase of $201,340.

In our latest Weekly Strategy Session, banks stole the spotlight with stellar earnings reactions.

The sector continues to shine, showing leadership across the board.

Stay tuned. We'll be back on Tuesday with more insider activity.

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