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 | |
|---|---|---|---|---|---|---|
176
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
| $384M | 0.12% |
4,939,394
-728,548
| -13% | -$57.1M |
|
177
Sysco
SYY
$40.6B
| $381M | 0.12% |
4,500,210
-163,881
| -4% | -$13.7M |
|
178
Genuine Parts
GPC
$17.2B
| $377M | 0.12% |
2,834,054
+4,195
| +0.1% | +$558K |
|
179
Lam Research
LRCX
$372B
| $372M | 0.12% |
8,727,790
-646,150
| -7% | -$30.8M |
|
180
Caterpillar
CAT
$373B
| $372M | 0.12% |
2,078,788
-175,336
| -8% | -$36.9M |
|
181
Zoetis
ZTS
$31.9B
| $371M | 0.11% |
2,160,555
-231,432
| -10% | -$40M |
|
|
BNY
182
Bank of New York Mellon
BNY
$106B
| $371M | 0.11% |
8,889,192
-161,441
| -2% | -$7.19M |
|
183
Boeing
BA
$175B
| $363M | 0.11% |
2,651,764
-251,941
| -9% | -$37.2M |
|
184
PNC Financial Services
PNC
$99.2B
| $360M | 0.11% |
2,280,454
+212,606
| +10% | +$35.6M |
|
185
Duke Energy
DUK
$98.4B
| $358M | 0.11% |
3,335,191
-261,236
| -7% | -$28.7M |
|
186
Kimberly-Clark
KMB
$36.6B
| $353M | 0.11% |
2,614,203
-82,472
| -3% | -$10.9M |
|
187
Philip Morris
PM
$299B
| $345M | 0.11% |
3,498,598
-651,170
| -16% | -$66.4M |
|
188
ServiceNow
NOW
$114B
| $341M | 0.11% |
3,583,640
-369,805
| -9% | -$35.2M |
|
189
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $341M | 0.11% |
3,095,967
-242,957
| -7% | -$27.4M |
|
190
iShares MSCI USA Min Vol Factor ETF
USMV
$23.5B
| $339M | 0.1% |
4,826,174
-383,793
| -7% | -$28.1M |
|
191
ConocoPhillips
COP
$145B
| $336M | 0.1% |
3,738,359
-158,174
| -4% | -$16.3M |
|
|
WBA
192
DELISTED
Walgreens Boots Alliance
WBA
| $334M | 0.1% |
8,823,822
-82,097
| -0.9% | -$3.53M |
|
193
JPMorgan Ultra-Short Income ETF
JPST
$40.1B
| $333M | 0.1% |
6,653,245
+1,442,738
| +28% | +$72.4M |
|
194
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
| $325M | 0.1% |
6,477,554
+448,812
| +7% | +$22.7M |
|
195
First Trust Capital Strength ETF
FTCS
$7.95B
| $316M | 0.1% |
4,512,311
+268,150
| +6% | +$19.7M |
|
196
iShares MSCI USA Quality Factor ETF
QUAL
$46.3B
| $314M | 0.1% |
2,811,841
-101,164
| -3% | -$12.3M |
|
197
TJX Companies
TJX
$176B
| $309M | 0.1% |
5,528,849
-765,399
| -12% | -$46.3M |
|
198
Oracle
ORCL
$367B
| $306M | 0.09% |
4,380,828
-732,618
| -14% | -$53.6M |
|
199
Deere & Co
DE
$162B
| $306M | 0.09% |
1,021,978
-76,062
| -7% | -$28M |
|
200
Southern Company
SO
$106B
| $306M | 0.09% |
4,287,408
-592,402
| -12% | -$43.5M |
|
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.