Warren Buffett wasn't very interested in buying stocks during the third quarter of 2023. The legendary investor only purchased one stock for Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) portfolio, initiating a small position in Sirius XM Holdings.

For the most part, Buffett's trading activity last quarter didn't raise any eyebrows. However, there's one notable exception. Here's why Wall Street thinks Buffett's biggest move in Q3 could be a mistake.

In addition to initiating a stake in Sirius XM, Berkshire also gained shares of three Liberty Live tracking stocks via spin-offs. Since these didn't require any active buying (and are probably managed by Berkshire investment manager Ted Weschler), these don't count as major moves for Buffett.

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Source Fool.com