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FRI, FEB 07, 2025
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Here's what Berkshire has been buying ... |
In its first purchases of the stock since mid-December, Berkshire Hathaway increased its Sirius XM position by a modest $54 million late last week and early this week. Over three days, it picked up 2.3 million shares of the satellite radio company at an average price of $23.38 each. That lifted Berkshire's stake to 35.4% of SIRI's outstanding shares, up from 34.7%.
It is, by far, the largest Sirius XM shareholder, well ahead of even Liberty Media Chairman John Malone's 7%. (Liberty split-off Sirius XM last September.)
Since it began occasional buys last October, Berkshire has spent $350.8 million to add 14.6 million SIRI shares, increasing its holding by almost 14% to nearly 120 million shares valued at a bit more than $3 billion. |
One of Berkshire's portfolio managers, probably Ted Weschler, may be doing some bargain hunting with the stock down by nearly 50% over the past year. (Given the relatively small size of the position and purchases it is very unlikely Warren Buffett himself is responsible for Berkshire's SIRI shares.) |
Wall Street doesn't share Berkshire's apparent optimism. Of the 14 analysts following SIRI, one has a "sell" rating, five have "underperforms," and five say "hold."
The average price target of $24.31 is a bit under the current price of $25.44. |
.. and what it hasn't been buying |
With Occidental Petroleum's stock price falling back to the vicinity of where Berkshire bought some shares in late December, last week there was speculation Buffett & Co. had been, or would be, adding to its position again.
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As an owner of more than 10%, Berkshire has two business days to disclose any moves. We haven't seen anything on the SEC site so far, so we know that nothing happened through at least Tuesday of this week. |
Stock certificate with Buffett's signature sells for $15,000 |
A 1962 stock certificate signed by Warren Buffett was sold for $15,000 last week at an auction in Connecticut. That was at the low end of the auction house's estimate of $15,000 to $20,000.
In its description of the lot, University Archives says there are only eight known Lehigh Coal and Navigation Company certificates signed by Buffett. |
Buffett's signature appears on the back of the certificate that had been issued to "Buffett Partnership Limited" to facilitate its transfer to a different holder. |
BUFFETT AROUND THE INTERNET Some links may require a subscription |
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HIGHLIGHTS FROM THE ARCHIVE |
What Buffett looks for in annual reports (1996) |
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BERKSHIRE'S TOP U.S. STOCK HOLDINGS - Feb. 7, 2025 |
Berkshire's top holdings of disclosed publicly traded stocks in the U.S., Japan, and Hong Kong, by market value, based on today's closing prices.
Holdings are as of September 30, 2024 as reported in Berkshire Hathaway's 13F filing on August 14, 2024, except for:
The full list of holdings and current market values is available from CNBC.com's Berkshire Hathaway Portfolio Tracker.
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Please send any questions or comments about the newsletter to me at alex.crippen@nbcuni.com. (Sorry, but we don't forward questions or comments to Buffett himself.) If you aren't already subscribed to this newsletter, you can sign up here. Also, Buffett's annual letters to shareholders are highly recommended reading. There are collected here on Berkshire's website.
-- Alex Crippen, Editor, Warren Buffett Watch |
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