Wells Fargo Portfolio holdings
Wells Fargo & Company, founded in 1852 by Henry Wells and William Fargo, is a major American financial institution headquartered in San Francisco, California, known for its extensive retail banking network and historical roots in the American West. Offering a wide range of services—including consumer banking, mortgages, wealth management, and commercial finance—it manages trillions in assets and serves millions of customers through thousands of branches and ATMs across the U.S. Despite its prominence, Wells Fargo faced significant scrutiny following a 2016 scandal involving millions of unauthorized accounts, leading to leadership changes and regulatory penalties, though it has since focused on rebuilding trust and enhancing digital banking capabilities. With a legacy tied to stagecoaches and a modern focus on diversified financial services, Wells Fargo remains a key player in the U.S. banking sector.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$506M |
| 2 |
Microsoft
MSFT
|
+$336M |
| 3 |
Amazon
AMZN
|
+$287M |
| 4 |
Apple
AAPL
|
+$269M |
| 5 |
Meta Platforms (Facebook)
META
|
+$233M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Air Products & Chemicals
APD
|
+$425M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$334M |
| 3 |
United Parcel Service
UPS
|
+$148M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$128M |
| 5 |
Vanguard Morningstar Mid-Cap ETF
VO
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.28% |
| 2 | Financials | 7.45% |
| 3 | Healthcare | 7.23% |
| 4 | Industrials | 6.23% |
| 5 | Consumer Discretionary | 5.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GRMN
301
Garmin
GRMN
$56.7B
| $204M | 0.05% |
1,252,276
-11,412
| -0.9% | -$1.8M |
|
302
First Trust Preferred Securities and Income ETF
FPE
$6.32B
| $203M | 0.05% |
11,668,558
+374,456
| +3% | +$6.46M |
|
303
Johnson Controls International
JCI
$88.8B
| $202M | 0.05% |
3,044,626
-159,871
| -5% | -$10.8M |
|
304
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
| $202M | 0.05% |
2,014,652
-244,427
| -11% | -$24.4M |
|
305
Cigna
CI
$73.7B
| $201M | 0.05% |
608,813
+14,140
| +2% | +$4.88M |
|
306
Elevance Health
ELV
$81.5B
| $201M | 0.05% |
370,080
+10,303
| +3% | +$5.45M |
|
307
Airbnb
ABNB
$89.9B
| $200M | 0.05% |
1,321,047
+197,181
| +18% | +$30.1M |
|
308
Cadence Design Systems
CDNS
$93.6B
| $199M | 0.05% |
647,681
+127,128
| +24% | +$37.6M |
|
309
Trane Technologies
TT
$100B
| $199M | 0.05% |
605,882
-69,644
| -10% | -$22.1M |
|
310
SAP
SAP
$212B
| $199M | 0.05% |
987,765
-57,055
| -5% | -$10.8M |
|
311
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $199M | 0.05% |
1,856,200
+481,200
| +35% | +$51.4M |
|
312
WisdomTree Floating Rate Treasury Fund
USFR
$18.1B
| $198M | 0.05% |
3,932,144
-42,203
| -1% | -$2.13M |
|
313
CALL
SPDR Gold Trust
GLD
$131B
| $195M | 0.05% |
908,000
-930,000
| -51% | -$201M |
|
|
FISV
314
Fiserv Inc
FISV
$28.8B
| $195M | 0.05% |
1,309,829
-74,913
| -5% | -$11.3M |
|
315
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $195M | 0.05% |
2,078,271
+113,315
| +6% | +$10.5M |
|
316
American Water Works
AWK
$26.7B
| $194M | 0.05% |
1,503,396
+103,812
| +7% | +$13.1M |
|
317
FedEx
FDX
$72.7B
| $194M | 0.05% |
645,871
+42,560
| +7% | +$11.1M |
|
|
318
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $193M | 0.05% |
1,800,000
+1,491,600
| +484% | +$159M |
|
319
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
| $193M | 0.05% |
5,919,573
-2,598,000
| -31% | -$84.2M |
|
320
Micron Technology
MU
$930B
| $192M | 0.05% |
1,461,170
+236,185
| +19% | +$29.8M |
|
321
PGIM Ultra Short Bond ETF
PULS
$17.7B
| $192M | 0.05% |
3,854,521
+379,389
| +11% | +$18.8M |
|
322
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$11.5B
| $191M | 0.05% |
8,216,203
+191,865
| +2% | +$4.45M |
|
323
Altria Group
MO
$114B
| $190M | 0.05% |
4,176,840
+536
| +0% | +$23.8K |
|
324
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $190M | 0.05% |
3,698,966
+20,078
| +0.5% | +$1.02M |
|
325
Xylem
XYL
$27.3B
| $189M | 0.05% |
1,393,986
+17,029
| +1% | +$2.32M |
|
Similar funds
Wells Fargo's Q2 2024 Portfolio in Review
As of Q2 2024, Wells Fargo held 7,784 positions worth $412B, down 0.64% from $415B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Wells Fargo's Q2 2024 filing shows 385 new, 3,309 increased, 2,368 reduced and 948 closed positions. Its largest new stake was NextEra Energy 7.299% Corporate Units: 1,487,927 shares worth $73.6M. The largest sale was Air Products & Chemicals, an estimated $425M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.
- Wells Fargo's largest Q2 2024 buy was NextEra Energy 7.299% Corporate Units: 1,487,927 shares worth $73.6M.
- Wells Fargo added most to State Street SPDR S&P 500 ETF Trust in Q2 2024, an estimated $506M increase.
- Wells Fargo's biggest Q2 2024 reduction was Air Products & Chemicals, cutting an estimated $425M.
- Wells Fargo fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $88.9M.
- Wells Fargo's ten largest holdings make up 19% of its $412B portfolio in Q2 2024.
- Wells Fargo opened 385 new positions and closed 948 in Q2 2024.
- Wells Fargo's portfolio value fell 0.64% quarter-over-quarter to $412B.
Based on Wells Fargo's 13F filing for Q2 2024, filed 13 Aug 2024.