Warren Buffett Invested $54M Into Sirius XM This February. Why I'm Adding to It in My Portfolio.

Is Warren Buffett the new king of all media? Sirius XM Holdings (NASDAQ: SIRI) is growing into a significant position for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). The Oracle of Omaha already owned roughly a third of the satellite radio operator's shares heading into 2025, but his company purchased another $54 million of Sirius XM in early February.Berkshire Hathaway now owns more than 35.4% of Sirius XM's total shares outstanding. I followed Buffett's lead in buying into it during the fall of last year.It's true that Sirius XM has been one of the worst performers on the Berkshire Hathaway scorecard over the past year. The media giant has surrendered more than half of its value since the start of last year. If the greatest investor of our time is adding to his position on the way down, I wouldn't have a problem adding to my position on the dip.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool