CHECK Capital Management increased its stake in Sirius XM by 821,657 shares in Q4 2025, with an estimated transaction value of $17.66 million. The value of the fund’s Sirius XM position at quarter-end rose by $9.67 million.

Sirius XM’s shares were priced at $22.60 on February 5, 2026, down 8.1% over the past year, trailing the S&P 500 by 20.3 percentage points. The company generates revenue primarily from subscription fees and advertising.

Check Capital has a diverse portfolio, with top holdings in BRK-B, GOOGL, BN, MKL, and AER. Sirius XM isn’t a top-five position, but it is the firm’s seventh-largest stock holding.

Sirius XM operates a subscription-based model and delivers content through satellite and digital platforms. The company serves individual consumers, automotive original equipment manufacturers, and commercial partners in the United States.

Sirius XM’s subscriber base has remained stagnant, but the company has leveraged its position as the only provider of satellite-based radio to produce reliable profits. The company’s bottom line dipped in 2024 but began to recover in 2025.

At recent prices, Sirius XM stock offers a 4.9% dividend yield. In 2025, the company used about 29.3% of free cash flow to meet its dividend obligation, suggesting it is generating enough cash for growth.

Read more at Yahoo Finance: CHECK Capital Makes a Big Bet on Sirius XM (SIRI) With a Purchase of 822,000 Shares Worth $17.7 Million