5 Stocks Warren Buffett and Insiders Are Crazy About

4. Liberty Media Corp Series C (NASDAQ:LSXMK)

Warren Buffett’s Stake: $1,243,534,615

John C. Malone, who is the Chairman of Liberty Media Corp Series C’s (NASDAQ:LSXMK) board and also the largest voting shareholder, bought 5,219 shares of Liberty Media Corp Series C (NASDAQ:LSXMK) on August 7, 2023 at $36.77 per share. On that day the stock was trading at around $23.46 while today the stock price stands at $29.41. The stock gained about 25% in this period.

Insider Monkey’s database of hedge funds and their holdings shows that Warren Buffett’s Berkshire Hathaway had a $1.24 billion stake in Liberty Media Corp Series C (NASDAQ:LSXMK) as of the end of the fourth quarter of 2023.

Baron Small Cap Fund stated the following regarding The Liberty SiriusXM Group (NASDAQ:LSXMK) in its fourth quarter 2023 investor letter:

“We exited positions in E2open Parent Holdings, Inc. and The Liberty SiriusXM Group (NASDAQ:LSXMK) this quarter. Liberty SiriusXM was a longtime successful holding. The stock reacted favorably to their definitive agreement for the tracking stock to be combined with SiriusXM in creating a new public company. This was the catalyst we had been anticipating, and the implied valuation for the combination felt fair to us so we sold out because future growth is suspect.”