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

AP Photo/Nati Harnik

• 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.
• Berkshire's stakes in Apple, Coca-Cola, Delta, and other household names fell in value by an average of 43% between February 20 and midday on March 23.
• The billionaire investor's conglomerate took a $27 billion hit on its Apple stock, and a $15 billion hit on Bank of America.
• The worst performer was Delta Air Lines, down 63%, while Kraft Heinz stock topped the list with a 22% decline.
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Warren Buffett's Berkshire Hathaway potentially stomached over $80 billion in losses across its 10 largest equity investments as coronavirus fears pounded markets. The raging pandemic - and concerns about the economic halt required to combat it - has eviscerated the value of its shares in Apple, Coca-Cola, Delta Air Lines, and other household names.

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.

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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.

Berkshire's stakes in American Express, Wells Fargo, JPMorgan Chase, and US Bancorp tumbled in value by more than 43%. Coca-Cola and Moody's, down 37% and 39% respectively, weren't far behind. Delta trailed the pack as worldwide travel restrictions and concerns about flying drove its stock down 63%.

Buffett's Kraft Heinz investment, down 22%, was the best performer. Consumers stocking up on mac 'n' cheese and condiments as they face a prolonged lockdown may be shoring up the stock. Given that it's plummeted nearly 75% since the start of 2018, it also doesn't have much further to fall.

The combined value of Berkshire's 10 largest stock positions shrank to $124 billion from about $208 billion in just over a month - an $83 billion decline. Here's a chart showing the brutal impact of coronavirus on the portfolio:

Berkshire Hathaway filings

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