- Warren Buffett's Berkshire Hathaway has lost more market value than all but four US public companies this year.
- The billionaire investor's conglomerate has seen about $90 billion wiped off its market capitalization.
- Only JPMorgan, Wells Fargo, Bank of America, and Exxon Mobile have lost more, Roundhill Investments chief Will Hershey tweeted on Sunday.
- In contrast, Amazon, Apple, Microsoft, Tesla, and Google have all gained more than $100 billion in market cap this year.
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Warren Buffett's Berkshire Hathaway has taken a bigger blow to its market capitalization this year than almost any other US-listed company.
Shares in the famed investor's conglomerate have slumped 16% this year, slashing its market cap by roughly $90 billion to around $460 billion.
Only JPMorgan, Wells Fargo, Bank of America, and Exxon Mobil have suffered bigger hits to their market caps. The quartet are each down between $110 billion and $140 billion for the year.
The striking declines were first flagged by Roundhill Investments CEO and cofounder Will Hershey in a tweet on Sunday.
Hershey also pointed out that Amazon has added more than $560 billion to its market cap this year, while Apple, Microsoft, Tesla, and Google have all added between $100 billion and $400 billion.
He confirmed in an email to Business Insider that Berkshire was the fifth-biggest loser of market cap this year of any US public company.
Berkshire's pain reflects the fact that it owns stakes in JPMorgan, Wells Fargo, and Bank of America. As a result, it's suffering from investors' concerns about how banks will hold up during the coronavirus pandemic.
Buffett's company is also heavily exposed to the oil-and-gas industry, making it susceptible to the same crude-price weakness that is weighing on Exxon Mobil.
Here's a chart showing the biggest gainers and losers of market cap this year:
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