Warren Buffett’s Berkshire Hathaway has spent another $54 million to purchase Sirius XM stock, giving it a stake of more than 35% in the satellite-radio company.

Berkshire Hathaway has compounded shareholder capital at nearly 20% annually since the 1960s. It all comes down to capital allocation, something the great Warren Buffett, longtime CEO of Berkshire, is great at.

Key Takeaways Berkshire Hathaway has bought more shares of satellite radio broadcaster SiriusXM, a new SEC filing shows.Shares of the owner of its namesake satellite provider and the Pandora streaming service rose Tuesday.