Penn Davis McFarland Dumps 498,000 SiriusXM Shares

Penn Davis McFarland disclosed in a January 16, 2026, SEC filing that it sold 498,032 shares of Sirius XM Holdings (NASDAQ:SIRI), an estimated $10.71 million trade based on quarterly average pricing.According to a SEC filing dated January 16, 2026, Penn Davis McFarland sold 498,032 shares of Sirius XM Holdings (NASDAQ:SIRI) during the fourth quarter of 2025. The estimated transaction value was $10.71 million, calculated using the period’s average closing price. The quarter-end value of the fund’s Sirius XM Holdings position declined by $12.04 million, a figure that includes the effects of both the share sale and stock price changes over the period.Sirius XM Holdings is a leading provider of subscription-based satellite radio and streaming audio services in the United States, serving over five thousand employees and a broad customer base. The company leverages exclusive content, technology integration in vehicles, and a diversified audio platform to maintain a competitive position in the entertainment sector. Its strategy centers on expanding digital offerings and enhancing user engagement through innovative products and partnerships.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool