Chou Associates Management’s Wells Fargo & Company Ws WFC.WS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q3	–	Sell	-997,500	Closed	-$22M	–	29
2018 Q2	$22M	Hold	997,500	–	–	8.37%	4
2018 Q1	$19.2M	Hold	997,500	–	–	8.07%	4
2017 Q4	$27.5M	Hold	997,500	–	–	11.78%	3
2017 Q3	$21.5M	Hold	997,500	–	–	7.51%	4
2017 Q2	$22.2M	Hold	997,500	–	–	6.87%	4
2017 Q1	$22.1M	Hold	997,500	–	–	7.34%	6
2016 Q4	$21.3M	Hold	997,500	–	–	6.8%	6
2016 Q3	$12.4M	Hold	997,500	–	–	4.61%	9
2016 Q2	$13.6M	Hold	997,500	–	–	5.18%	9
2016 Q1	$15.6M	Hold	997,500	–	–	5.08%	11
2015 Q4	$20.4K	Hold	997,500	–	–	4.38%	7
2015 Q3	$18.1M	Hold	997,500	–	–	6.2%	8
2015 Q2	$22.4M	Hold	997,500	–	–	6.86%	7
2015 Q1	$20.4M	Hold	997,500	–	–	5.36%	7
2014 Q4	$21.3M	Hold	997,500	–	–	5.58%	7
2014 Q3	$22.5M	Hold	997,500	–	–	5.71%	8
2014 Q2	$22.8M	Hold	997,500	–	–	6.26%	7
2014 Q1	$18.6M	Hold	997,500	–	–	5.14%	8
2013 Q4	$15.8M	Hold	997,500	–	–	4.48%	9
2013 Q3	$14M	Hold	997,500	–	–	0.77%	13
2013 Q2	$13.6M	Buy	+997,500	New	+$12.8M	3.68%	12