Investment firm Penn Davis McFarland significantly reduced its stake in Sirius XM (SIRI) during Q4 2025, selling 498,032 shares and signaling diminished confidence in the stock's future prospects.
- The transaction was valued at approximately $10.71 million.
- The sale reduced the firm's portfolio allocation to SIRI to a mere 0.26%.
- The divestment highlights broader market concerns regarding SIRI's significant underperformance compared to the S&P 500 over the past year.