Coronavirus punishes Warren Buffett’s equity holdings

VCCircle | Apr 3, 2020 at 4:05 PM
  • The coronavirus pandemic may have erased around $64 billion of value from Warren Buffett’s equity portfolio at Berkshire Hathaway Inc, setting up the conglomerate for one of the largest quarterly losses ever by an American company.
  • Berkshire’s portfolio of U.S.-listed stocks, including Kraft Heinz Co, may have shrunk by 26% in the first quarter if Berkshire did no buying and selling.
  • After taxes are factored in, Berkshire’s first-quarter net loss could rival quarterly losses of $44.9 billion posted by AOL Time Warner in 2002, or $42.5 billion by General Motors in 2007.