Catenaa, Monday, July 07, 2025-Warren Buffett has made a bold $459 million move into Sirius XM, amassing a stake worth nearly $2.9 billion, while exiting positions in top-tier banks including Bank of America, JPMorgan Chase and Wells Fargo, according to Berkshire Hathaway’s latest regulatory filings.
The investment giant acquired nearly 20 million shares of Sirius XM between Q3 2024 and Q1 2025 at an average price of $22.95 per share. The purchase boosts Berkshire’s ownership to nearly 120 million shares, over 35 percent of Sirius XM’s outstanding stock.
The move comes as Sirius XM’s stock lags behind the broader market, having fallen 45 percent from its 52-week high of $41.60 to $24.29. In the same period, the S&P 500 surged more than 30 percent.
Despite declining revenue and shrinking subscriber numbers, the company offers a 5.2 percent dividend yield. Buffett, known for favoring stable cash flow businesses, appears to be betting on Sirius XM’s enduring brand strength and subscription-driven model.
Financial results have been underwhelming. The firm posted a 4 percent revenue drop to $2.07 billion and a 6 percent decline in earnings per share during Q1 2025, followed by a 5 percent revenue drop in Q2. Yet the high yield and long-term potential may have outweighed short-term losses for Buffett.
Analysts see the investment as a classic Buffett play: buying a distressed but resilient brand at a discount. It also reflects a notable pivot away from traditional banking.
