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Warren Buffett, Berkshire Hathaway suffer $80 billion coronavirus loss - Business Insider

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Warren Buffett's Berkshire Hathaway may have racked up $80 billion in coronavirus losses on its 10 biggest investments

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Warren Buffett's Berkshire Hathaway may have racked up over $80 billion in losses across its 10 largest equity holdings as coronavirus hammered the stock market.

The billionaire investor's conglomerate took a $27 billion hit on its Apple stock, and a $15 billion hit on Bank of America. The famed investor's conglomerate saw an average share-price decline of 43% across its top 10 stocks between February 20 — when the coronavirus sell-off started — and midday on March 23. These calculations are based on Berkshire's last portfolio disclosure and assume it hasn't changed its positions since the end of December.

Apple's stock price plunged 32% in the 32-day period, cutting the value of Berkshire's 5.6% stake in the tech titan by about $27 billion. Shares in its second-biggest holding, Bank of America, dived 48% — erasing more than $15 billion of Berkshire's investment in the lender.

 

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