Warren Buffett's Berkshire Hathaway continued to increase its stake in SiriusXM , now owning 32% of the New York-based satellite radio company.
Buffett's firm first bought Liberty Media's trackers in 2016 and started piling into SiriusXM's tracking stocks in the beginning of 2024 after the deal announcement in a likely merger arbitrage play.
The 94-year-old has never mentioned the bet publicly, and it's unclear if he's behind it or if it's the work of the billionaire's investing lieutenants, either Ted Weschler or Todd Combs.
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