5 Best Entertainment Stocks to Buy for 2024

4. The Liberty SiriusXM Group (NASDAQ:LSXMK)

Number of Hedge Fund Holders: 48

The Liberty SiriusXM Group (NASDAQ:LSXMA) comprises Liberty Media’s ownership in SiriusXM Holdings Inc. (NASDAQ:SIRI). Liberty Media owns 83.5% of SiriusXM which operates two audio entertainment businesses, SiriusXM and Pandora.

On December 12, Liberty Media announced definitive agreements whereby Liberty Media’s Liberty SiriusXM tracking stock group will be combined with SiriusXM with the new company having a single outstanding series of common stock.

As of Q4 2023, 43 of the 933 prominent hedge funds tracked by Insider Monkey held shares of The Liberty SiriusXM Group (NASDAQ:LSXMA), worth $2.0 billion. Warren Buffett’s Berkshire Hathaway owned 43.2 million shares of the company valued at $1.2 billion.