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Steve Strazza

Buffett's Berkshire Buys More SIRI, Boosts Stake to 33%

November 1, 2024

Uncle Warren strikes again!

In a fresh Form 4 filing, Berkshire Hathaway reveals a substantial new purchase in Sirius XM Holdings Inc. $SIRI, scooping up a cool $60,692,844 in shares.

This marks Berkshire’s third buy in recent months, solidifying Buffett’s position with a whopping 112,504,729 shares, an ownership stake now amounting to 33% of Sirius XM’s outstanding shares.

Here’s The Hot Corner, with data from October 31, 2024:

241101_hot_corner_table

Mario Gabelli's GAMCO Investors shook things up today with a 13D filing, revealing a notable increase in its ownership of Mueller Industries $MLI, from 2.92% to 4.08%. 

With this latest move, MLI now claims the top spot in GAMCO’s portfolio.

GAMCO has a history of finding “under the radar” gems across the industrial and consumer sector, thus, signaling high conviction in Mueller’s future potential.

As for the MLI chart, the stock has been stair-stepping higher in a nearly vertical line for the last three years.

241101_hot_corner_mli

With GAMCO stepping in at current levels, it’s hard to believe MLI will do poorly in the future, but rather the opposite as it is supported by a giant investment firm.

Have a great weekend. We'll be back on Monday with more insider activity.

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