Warren Buffett is arguably the greatest stock market investor in the world. Also called the “Oracle of Omaha,” Buffett has delivered market-beating gains over several decades. Due to his stellar record managing the equity holdings of Berkshire Hathaway (BRK.B), Wall Street closely watches every investing move that Buffett makes. However, despite his ability to consistently pick winning bets, Buffett also picks the occasional dud - and currently owns stocks that trail the broader markets by a wide margin in 2024.
One current underperformer in the Buffett portfolio is Sirius XM Holdings (SIRI), a company valued at $12 billion by market cap. While the S&P 500 Index ($SPX) is trading close to its all-time highs, SIRI stock is down an astonishing 42.6% in 2024 - which means the stock is faring even worse than Paramount Global (PARA), which Buffett openly told investors they “lost quite a bit of money” on at this past weekend's annual shareholder meeting.
