Why Warren Buffett Loves Sirius XM Stock

Warren Buffett has been selling out of a lot of stocks recently, cutting back significantly on his largest holdings and raising cash in a somewhat ominous sign.

But Buffett's conglomerate Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) hasn't only been selling stocks; it has also been buying or adding to a few select holdings.

One is Sirius XM Holdings (NASDAQ: SIRI). While Berkshire has owned the Liberty Media tracking stock since 2016, which tracked Liberty's large stake in Sirius, Berkshire has increased its bet on the satellite radio operator this year, ahead of the tracking stock's merger with publicly traded Sirius shares in a simplification merger in September.

Source Fool.com