Warren Buffett Skips Big Banks Like JPMorgan and Wells Fargo, Bets $459 Million On This One Asset
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
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.
Don’t Miss:
According to Hathaway’s latest Form…
