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