Warren Buffett likely took a $5 billion hit on just 5 stocks during Monday's slump

Warren Buffett likely took a $5 billion hit across only five stocks on Monday, as investors dumped equities in response to the news that Chinese real estate developer Evergrande could default on up to $300 billion of debt. Buffett's Berkshire Hathaway saw $2.8 billion wiped off the value of its Apple stake, as the iPhone maker's stock price slid 2% on Monday. The market downturn cut Bank of America's stock price by 3%, erasing $1.3 billion from Berkshire's position in the lender. Berkshire's American Express, Coca-Cola, and Kraft Heinz stakes also dropped in value by a combined $800 million.

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