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
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1B |
| 2 |
Microsoft
MSFT
|
+$878M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$748M |
| 4 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$647M |
| 5 |
Amazon
AMZN
|
+$436M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.09% |
| 2 | Healthcare | 9.01% |
| 3 | Financials | 7.29% |
| 4 | Industrials | 6.45% |
| 5 | Consumer Discretionary | 5.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $615M | 0.19% |
8,350,875
-617,741
| -7% | -$48M |
|
127
Tesla
TSLA
$1.22T
| $613M | 0.19% |
2,731,731
-538,959
| -16% | -$147M |
|
128
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.7B
| $602M | 0.19% |
9,446,369
-494,699
| -5% | -$34.7M |
|
129
Intel
INTC
$460B
| $601M | 0.19% |
16,052,000
-1,072,391
| -6% | -$46.4M |
|
130
iShares MSCI Emerging Markets ETF
EEM
$28.6B
| $597M | 0.18% |
14,889,633
-654,364
| -4% | -$27.5M |
|
131
iShares Russell Mid-Cap Value ETF
IWS
$15.6B
| $595M | 0.18% |
5,856,266
+54,156
| +0.9% | +$6.06M |
|
132
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.52B
| $594M | 0.18% |
17,605,424
-6,424,491
| -27% | -$229M |
|
133
Qualcomm
QCOM
$160B
| $560M | 0.17% |
4,387,688
-255,354
| -5% | -$34.7M |
|
134
iShares National Muni Bond ETF
MUB
$45.2B
| $558M | 0.17% |
5,243,436
+33,441
| +0.6% | +$3.57M |
|
135
Gilead Sciences
GILD
$163B
| $528M | 0.16% |
8,536,539
-188,780
| -2% | -$11.7M |
|
136
Bristol-Myers Squibb
BMY
$132B
| $526M | 0.16% |
6,835,917
-1,165,197
| -15% | -$88.7M |
|
137
Adobe
ADBE
$98.5B
| $514M | 0.16% |
1,404,480
-218,626
| -13% | -$89M |
|
138
Eaton
ETN
$150B
| $502M | 0.16% |
3,983,318
-433,395
| -10% | -$60.6M |
|
139
Clorox
CLX
$11.7B
| $501M | 0.16% |
3,557,161
+82,698
| +2% | +$11.8M |
|
140
iShares Gold Trust
IAU
$63.8B
| $499M | 0.15% |
14,550,615
+830,345
| +6% | +$29.5M |
|
141
Goldman Sachs
GS
$302B
| $487M | 0.15% |
1,640,702
-30,887
| -2% | -$9.62M |
|
142
Blackstone
BX
$102B
| $481M | 0.15% |
5,268,842
-8,510
| -0.2% | -$919K |
|
143
M&T Bank
MTB
$35.8B
| $480M | 0.15% |
3,012,996
+1,428,141
| +90% | +$240M |
|
144
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.85B
| $469M | 0.15% |
4,967,523
-409,450
| -8% | -$41.8M |
|
145
Palo Alto Networks
PANW
$265B
| $464M | 0.14% |
5,639,766
-1,131,534
| -17% | -$100M |
|
146
Stanley Black & Decker
SWK
$14.9B
| $462M | 0.14% |
4,410,625
-219,622
| -5% | -$27M |
|
147
American Electric Power
AEP
$69.5B
| $457M | 0.14% |
4,762,811
-402,293
| -8% | -$39.9M |
|
|
MRSH
148
Marsh
MRSH
$91.4B
| $454M | 0.14% |
2,922,143
-92,134
| -3% | -$14.8M |
|
149
Intuit
INTU
$86.3B
| $453M | 0.14% |
1,174,951
-171,587
| -13% | -$71.1M |
|
150
S&P Global
SPGI
$122B
| $453M | 0.14% |
1,342,616
+15,173
| +1% | +$5.41M |
|
Similar funds
Wells Fargo's Q2 2022 Portfolio in Review
As of Q2 2022, Wells Fargo held 8,080 positions worth $323B, down 17% from $390B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Wells Fargo withdrew a net $12.6B in Q2 2022, closing 375 positions and reducing 4,229 holdings. Its most notable exit was People's United Financial Inc, an estimated $250M position sold in full.
By sector, the portfolio is most concentrated in Technology at 13% of assets, down from 15% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Wells Fargo opened a new position in Aspen Technology Inc worth $80.2M.
- Wells Fargo's largest Q2 2022 buy was Aspen Technology Inc: 436,654 shares worth $80.2M.
- Wells Fargo added most to State Street SPDR S&P 500 ETF Trust in Q2 2022, an estimated $2.47B increase.
- Wells Fargo's biggest Q2 2022 reduction was Apple, cutting an estimated $1B.
- Wells Fargo fully exited People's United Financial Inc in Q2 2022, selling an estimated $250M.
- Wells Fargo's ten largest holdings make up 18% of its $323B portfolio in Q2 2022.
- Wells Fargo opened 271 new positions and closed 375 in Q2 2022.
- Wells Fargo's portfolio value fell 17% quarter-over-quarter to $323B.
Based on Wells Fargo's 13F filing for Q2 2022, filed 12 Aug 2022.