Warren Buffett’s Berkshire Hathaway may have suffered $70 billion in coronavirus losses on its 10 biggest investments

Warren Buffett’s Berkshire Hathaway may have suffered $70 billion in coronavirus losses on its 10 biggest investments

Warren Buffett’s Berkshire Hathaway probably suffered $70 billion in losses on its 10 biggest equity holdings during the coronavirus-driven market sell-off.

The value of Berkshire’s stakes in Apple, Bank of America, and other blue-chip stocks dropped by an average of 37% between February 20 and March 10.

Berkshire took a $20 billion hit from Apple’s stock-price decline, and a $14 billion hit from Bank of America.

Its worst performer was Delta Air Lines, down 58%, while Kraft Heinz stock fell only 14%.

Warren Buffett’s Berkshire Hathaway :

probably recorded about $70 billion in losses on its 10 biggest equity investments in the past month.

The coronavirus-fueled market sell-off decimated the value of its shares in Apple, Coca-Cola, Delta Air Lines, and other blue-chip companies.

The famed investor’s conglomerate saw its top 10 holdings suffer an average drop in share price of 37% between February 20 and the close of trading on March 18.

These figures assume Berkshire hasn’t tweaked its portfolio since disclosing it for the end of December.

Apple’s stock price:

tumbled about 23% in less than four weeks, slashing the value of Berkshire’s 5.6% stake in the iPhone maker by around $19 billion.

Bank of America’s :

stock plummeted 43% over the same period, wiping close to $14 billion off Berkshire’s investment in the lender.

Markets Insider

https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-suffer-billions-coronavirus-loss-investments-holdings-2020-3-1029009998