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Billionaire investor Warren Buffett has shifted his investment strategy, investing $459 million in Sirius XM (NASDAQ:SIRI) after selling his stakes in Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM), and Wells Fargo (NYSE:WFC).

What Happened: Buffett’s investment firm, Berkshire Hathaway, acquired approximately 20 million shares of Sirius XM between Q3 2024 and Q1 2025.

This investment, calculated based on an average share price of $22.95, boosts Berkshire’s total holdings in Sirius to nearly 120 million shares, valued at approximately $2.9 billion.

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According to Hathaway’s latest Form…