Buffett and Berkshire Are Buying OXY, SIRI, and VRNS

Uncle Warren is back in the buying game.

When Warren Buffett and Berkshire Hathaway start buying, it’s time to sit up and take notice. 

The Oracle of Omaha has returned to the open market with three intriguing purchases. Let’s dive into them.

First up, Occidental Petroleum $OXY. After a six-month hiatus, Buffett is back, snapping up shares. This marks the 29th Form 4 filing for OXY since he began building his position in early 2022. 

Berkshire shelled out $400 million this time, bringing Buffett’s average purchase price to $54.02. 

Here’s a chart highlighting the timing of Buffett’s $OXY purchases:

Next, Sirius XM Holdings $SIRI. Berkshire stepped in with a $107.2 million investment in the satellite radio giant. 

He now owns 117,468,573 shares, equivalent to 34.6% stake.

Here’s The Hot Corner, with data from December 19, 2024:

Finally, Varonis Systems $VRNS. In a quieter but equally intriguing move, Berkshire spent $45.4 million on this data security company. 

With cybersecurity now a top priority for businesses, companies like Varonis are carving out an important space. Buffett’s investment shows he’s tuned in to how vital tech has become for keeping data safe.

He now owns 11.60% of outstanding shares.