Here’s How Much Money Buffett’s Portfolio Has Lost in 3 Weeks

Here’s How Much Money Buffett’s Portfolio Has Lost in 3 Weeks

It's a very big number, but it doesn't have the Oracle of Omaha panicked.. Though Buffett's resolve results in big-time gains over the long run, there's substantial short-term pain to be felt during bear markets .. The bear market is wreaking havoc on Berkshire Hathaway's investment portfolio. On a nominal basis, Buffett has seen $86 billion in value erased as the stock market has plunged.. For example, tech behemoth Apple ( NASDAQ:AAPL ) and money-center giant Bank of America ( NYSE:BAC ) represent Berkshire Hathaway's two largest holdings by market value.. When the S&P 500 was at its peak, Apple accounted for $79.3 billion in value and somewhere around 31% of Buffett's total portfolio.. The same is true for Bank of America, which has seen its peak value in Buffett's portfolio fall from $31.9 billion to $19 billion.. The big concern surrounding Bank of America being its reliance on net interest income.. The immediate prospects for that are not good: Prices are sky-high for businesses possessing decent long-term prospects.. The Oracle of Omaha has built up what's currently a $5.2 billion position in money-center stalwart JPMorgan Chase ( NYSE:JPM ) since the third quarter of 2018..