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
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
$1.25B |
| 2 |
iShares Russell 2000 ETF
IWM
|
$599M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
$377M |
| 4 |
iShares US Real Estate ETF
IYR
|
$314M |
| 5 |
Halliburton
HAL
|
$272M |
Top Sells
| 1 |
Apple
AAPL
|
$777M |
| 2 |
AMJ
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
|
$389M |
| 3 |
eBay
EBAY
|
$365M |
| 4 |
Amazon
AMZN
|
$265M |
| 5 |
iShares MSCI Japan ETF
EWJ
|
$257M |
Sector Composition
| 1 | Technology | 9.97% |
| 2 | Industrials | 9.79% |
| 3 | Healthcare | 9.73% |
| 4 | Financials | 9.52% |
| 5 | Consumer Discretionary | 7.37% |