Warren Buffett Spent More Than $350 Million to Buy These Stocks in the Past Week
Buffett's Berkshire Hathaway now owns roughly 30% of Liberty SiriusXM shares outstanding. Warren Buffett has been busy during a relatively quiet week, as he has been bulking up his stake on Liberty SiriusXM tracking stocks.In Form 4 filings with the US. Securities and Exchange Commission over the past week, Buffett's investment vehicle, Berkshire Hathaway Inc. , disclosed that it paid about $257.95 million to buy 8.9 million Liberty SiriusXM Series C stock at a weighted-average price of $29.06.Berkshire also disclosed paying $110.32 million to buy 3.8 million shares of Liberty Sirius XM Series A stock at an average price of $29.The Series A shares have voting rights, but the Series C shares don't.In total, Berkshire bought 12.68 million shares for $368.3 million.Buffett now owns about 30% of Liberty SiriusXM's outstanding shares.The Series A shares have gained 3.3% this week through Thursday and the Series C shares have advanced 3.4%. In comparison, the S&P 500 index SPX has edged u