market folly

Warren Buffett's Berkshire Hathaway has filed two separate Form 4's with the SEC regarding its position in two share classes of Liberty SiriusXM (LSXMA / LSXMK). 

Per the filing, Berkshire was buying shares of both on May 18th, 19th, and 22nd.  They acquired 492,156 shares of LSXMA at weighted average prices ranging from $37.1826 to $38.8041.  After these buys, they owned over 14.15 million LSXMA shares.

They also bought 679,930 shares of LSXMK at weighted average prices ranging from $36.8074 to $38.5003.  After these purchases, they now own over 29.77 million LSXMK shares.

This is the second month in a row that Berkshire has bought LSXMA / LSXMK shares.  We highlighted then how Ted Weschler (one of Berkshire's portfolio managers) seems to be the lead investor here.

For more from Berkshire, be sure to check out a recent interview with Warren Buffett and Charlie Munger.

Per Google Finance, Liberty SiriusXM is "Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company's principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc. (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc. (Live Nation). The Company's segments are SIRIUS XM, and Corporate and other. SIRIUS XM provides a subscription-based satellite radio service. Through its subsidiaries and affiliates, the Company principally operates in North America. The Company also owns a portfolio of minority equity investments in publicly traded media companies, including Time Warner, Inc. and Viacom, Inc. SIRIUS XM transmits music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through two satellite radio systems."