Berkshire Hathaway has not exited its position in SiriusXM. In fact, it has recently increased its stake in the company.
- Evidence of Increased Stake: Berkshire Hathaway's recent purchases of SiriusXM shares amount to approximately $60.7 million, resulting in a total of 112,504,729 shares owned indirectly through various subsidiaries1.
- Recent Purchases: The acquisitions occurred over three consecutive days, with shares bought at prices ranging from $26.5913 to $27.65 per share. On October 29, Berkshire acquired 623,527 shares at a weighted average price of $27.65. This was followed by the purchase of 925,205 shares on October 30 at an average price of $27.444. The buying spree concluded on October 31 with 679,207 shares acquired at an average price of $26.59131.
- Contrary to Exit Reports: Reports of Berkshire Hathaway exiting its position in SiriusXM are incorrect. Instead, the company has strengthened its investment in the company2.
In conclusion, Berkshire Hathaway has not exited its position in SiriusXM but has instead increased its stake in the company through recent purchases.