Hedge Funds' Diverging Views on Sirius XM Holdings

2024-03-12

Sirius XM Holdings had garnered significant interest from both hedge funds and ETFs during the last quarter. At that time, there were 640 hedge funds collectively holding 470,743,594 shares of SIRI. In comparison, 32 ETFs held 25,204,698 shares of the company.

Vanguard Group Inc., BlackRock Inc., and Berkshire Hathaway Inc. emerged as some of the top institutional holders of SIRI shares, showcasing their confidence in the company's performance.

Throughout the quarter, 232 hedge funds were actively buying SIRI shares, while 221 were selling. Despite more funds selling, the total number of shares bought (81,102,766) surpassed those sold (69,574,203), indicating an overall bullish sentiment towards Sirius XM Holdings among hedge funds.

A noteworthy trend was observed as 47 hedge funds doubled down on their positions in SIRI, signaling a strong belief in the company's potential for growth. Conversely, 15 hedge funds opted to sell at least 90% of their SIRI shares, reflecting a more pessimistic outlook.

The data presented in the article was sourced from sharkstracker.com, a platform tailored to provide a data-driven perspective of the market. For a more comprehensive analysis, the full report on Sirius XM Holdings can be accessed [here](https://www.sharkstracker.com/reports/ReportDetail12:SIRI/?rrr=3).