(Bloomberg) — Warren Buffett is increasing his bet on Sirius XM Holdings Inc., now Berkshire Hathaway Inc. is adding more and more shares of the radio broadcaster to his portfolio.
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The conglomerate acquired $42 million worth of shares in the three days through Friday, regulatory filings show.
Berkshire Hathaway now has a roughly 32.5% stake in Sirius XM’s publicly traded stock after becoming the top holder last month. That change came when billionaire John Malone’s Liberty Media spun off its 83% stake and combined it with his separate tracking shares in the broadcaster.
Bershire added more shares to his holdings last week. The move provided some support for Sirius XM shares, which are down 50% this year on expectations of lower sales.
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