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Benzinga
Benzinga
Business
Bibhu Pattnaik

Warren Buffett Skips Big Banks Like JPMorgan and Wells Fargo, Bets $459 Million On This One Asset

Warren,Buffett,Is,A,Billionaire,Investor,And,Philanthropist,Who,Serves

Billionaire investor Warren Buffett has shifted his investment strategy, investing $459 million in Sirius XM (NASDAQ:SIRI) after selling his stakes in Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM), and Wells Fargo (NYSE:WFC).

What Happened: Buffett’s investment firm, Berkshire Hathaway, acquired approximately 20 million shares of Sirius XM between Q3 2024 and Q1 2025.

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