Form 4: Berkshire Hathaway Increases Stake in Liberty SiriusXM Common Stock

Berkshire Hathaway, led by Warren Buffett, has increased its holdings in Liberty Media Corp's Series C Liberty SiriusXM Common Stock through a series of purchases in late March 2024.

Summary

• Berkshire Hathaway Inc. has reported changes in its beneficial ownership of Liberty Media Corp [LSXMK] Series C Liberty SiriusXM Common Stock.
• The transactions occurred between March 26 and March 28, 2024.
• Berkshire Hathaway purchased a total of 7,600,572 shares through multiple transactions at weighted average prices.
• On March 26, 2024, 7,378,500 shares were purchased at a weighted average price of $29.0997.
• On March 27, 2024, 217,664 shares were purchased at a weighted average price of $29.2479.
• On March 28, 2024, 3,408 shares were purchased at a weighted average price of $29.4987.
• Following these transactions, Berkshire Hathaway's total indirect beneficial ownership of Series C Liberty SiriusXM Common Stock is 65,486,288 shares as of March 28, 2024.
• Warren E. Buffett, as the controlling stockholder of Berkshire Hathaway, may be deemed to beneficially own these shares to the extent of his pecuniary interest.
• Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Sentiment

Score: 7

Explanation: The document indicates a positive investment decision by a major player, suggesting confidence in the company's prospects. However, it's a routine filing, so the impact is moderate.

Positives

• Berkshire Hathaway's increased investment could signal confidence in Liberty SiriusXM's future prospects.

Management Comments

• Warren Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Industry Context

Berkshire Hathaway's investment decisions are closely watched by the market, and this increased stake in Liberty SiriusXM could influence investor sentiment towards the media and entertainment sector.

Stakeholder Impact

• The increased stake could positively influence shareholder confidence in Liberty SiriusXM.

Key Dates

Keywords

Liberty SiriusXM, Berkshire Hathaway, Warren Buffett, Beneficial Ownership, LSXMK, Stock Purchase