Warren Buffett's Berkshire Hathaway reported more than $20 billion in equity investment gains for the second quarter, and over three-quarters of its stock portfolio were tied up in just five names.
Berkshire reported a near $26 billion unrealized gain from its investments, and much of this gain came from its gigantic stake in Apple .
The tech giant fueled the market rally in the second quarter, climbing nearly 18%.
Shares of Chevron were down more than 11% this year, compared with the S & P 500's near 17% gain.
As always, though, the legendary investor asked investors to not focus on the quarterly fluctuations in Berkshire's equity investments.
Persons:
Warren, Berkshire Hathaway, Apple, Tim Cook, Buffett
Organizations:
Apple, Chevron, Oracle, American Express, Bank of America
Locations:
Berkshire, Omaha