Warren Buffett’s Berkshire Hathaway just revealed that about 70% of its equity portfolio is concentrated in just 5 names. Here’s a look at these highly convincing bets from the legendary investor. While the group enjoyed a large rebound in operating income, it lost $53 billion from its investments in the second quarter amid general market turmoil. The Legendary Investor once again asks investors not to focus on quarterly fluctuations in their stock investments. “Investment gains/losses for any given quarter are often meaningless, and providing figures for net earnings per share can be wildly misleading to investors,” said Berkshire. little or no understanding of accounting rules,” Berkshire said in a statement. Apple remained Berkshire’s largest common stock investment as of the end of the second quarter, with a market value of $125.1 billion. The tech giant has lost about 7% this year as rising rates sent investors fleeing growth-oriented stocks. As of right now, however, Apple is still beating the S&P 500 as the benchmark lost 13%. Apple reported fiscal third-quarter results on July 28 that beat Wall Street’s expectations for sales and profits but showed slowing growth for the iPhone maker. Chevron made the list of Berkshire’s top five stocks, valued at $23.7 billion at the end of June, after the conglomerate sharply increased its bets in the first quarter. Shares of Chevron are up 30% this year due to rising oil prices. Name Energy also pays a 3.7% dividend. Longtime stocks Coca-Cola, American Express and Bank of America were also among Berkshire’s biggest bets at the end of June.