WELLS FARGO & COMPANY/MN
Long book
$500.14B
Q1 2026
Positions
6562
Top-10 weight
20%
concentration
Last quarter
+11.7%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsWELLS FARGO & COMPANY/MN is a bank/brokerage whose filings mix client and house positions, running a $500.14B US long book across 6562 positions.
The portfolio is broadly diversified across 6562 positions (top 10 only 20%). Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, ISHARES CORE S&P 500 ETF, MICROSOFT CORP, NVIDIA CORP, ISHARES CORE S&P TOTAL U.S..
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.4%
Q2 2024
+6.8%
Q3 2024
-0.0%
Q4 2024
-2.0%
Q1 2025
+8.3%
Q2 2025
+6.8%
Q3 2025
+2.2%
Q4 2025
-1.8%
Q1 2026
+11.7%
Sector allocation
Technology 34%
Financials 12%
Consumer discretionary 11%
Industrials 11%
Healthcare 9%
Services media 5%
Utilities 5%
Energy 5%
Long book by quarter
What does WELLS FARGO own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 58.7M | $14.91B | 3.0% | +0.8% |
| MSFT MICROSOFT CORP | Technology | 33.3M | $12.34B | 2.5% | +0.6% |
| NVDA NVIDIA CORP | Technology | 57.0M | $9.93B | 2.0% | -9.5% |
| GOOGL ALPHABET INC-CL A | Technology | 27.8M | $8.00B | 1.6% | -3.9% |
| AVGO BROADCOM INC | Technology | 25.7M | $7.95B | 1.6% | +7.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 35.0M | $7.29B | 1.5% | +9.2% |
| JPM JPMORGAN CHASE & CO | Financials | 23.0M | $6.77B | 1.4% | -0.4% |
| META META PLATFORMS INC-CLASS A | Technology | 9.7M | $5.52B | 1.1% | +3.2% |
| GOOG ALPHABET INC-CL C | Technology | 18.0M | $5.17B | 1.0% | +2.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 16.9M | $4.14B | 0.8% | -5.2% |
| LLY ELI LILLY & CO | Healthcare | 4.4M | $4.05B | 0.8% | +1.7% |
| CVX CHEVRON CORP | Energy | 18.0M | $3.73B | 0.7% | +4.3% |
| WMT WALMART INC | Consumer discretionary | 29.3M | $3.64B | 0.7% | +3.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 3.1M | $3.10B | 0.6% | +2.2% |
| CSCO CISCO SYSTEMS INC | Technology | 38.5M | $2.99B | 0.6% | -0.1% |
| ADI ANALOG DEVICES INC | Technology | 8.4M | $2.66B | 0.5% | -1.9% |
| NEE NEXTERA ENERGY INC | Utilities | 28.5M | $2.65B | 0.5% | -1.7% |
| PSX PHILLIPS 66 | Energy | 13.8M | $2.51B | 0.5% | -2.6% |
| V VISA INC-CLASS A SHARES | Services media | 8.3M | $2.50B | 0.5% | +2.0% |
| AMGN AMGEN INC | Healthcare | 7.1M | $2.49B | 0.5% | -0.3% |
| MCD MCDONALD'S CORP | Consumer discretionary | 8.0M | $2.48B | 0.5% | +0.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 5.1M | $2.45B | 0.5% | -0.3% |
| BLK BLACKROCK INC | Financials | 2.5M | $2.38B | 0.5% | -1.0% |
| XOM EXXON MOBIL CORP | Energy | 13.0M | $2.21B | 0.4% | +0.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 14.4M | $2.08B | 0.4% | +4.0% |
| LOW LOWE'S COS INC | Consumer discretionary | 8.7M | $2.07B | 0.4% | -2.5% |
| MA MASTERCARD INC - A | Services media | 4.0M | $1.99B | 0.4% | +43.6% |
| HD HOME DEPOT INC | Consumer discretionary | 6.0M | $1.97B | 0.4% | +2.5% |
| ABBV ABBVIE INC | Healthcare | 8.9M | $1.94B | 0.4% | -2.6% |
| GE GENERAL ELECTRIC | Industrials | 6.8M | $1.93B | 0.4% | +2.1% |
| LIN LINDE PLC | Materials | 3.8M | $1.88B | 0.4% | -0.2% |
| PEP PEPSICO INC | Consumer staples | 11.4M | $1.78B | 0.4% | +2.3% |
| AXP AMERICAN EXPRESS CO | Financials | 5.7M | $1.72B | 0.3% | +5.8% |
| RTX RTX CORP | Industrials | 8.8M | $1.70B | 0.3% | +0.7% |
| ABT ABBOTT LABORATORIES | Healthcare | 15.9M | $1.63B | 0.3% | -2.3% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 4.6M | $1.60B | 0.3% | -2.5% |
| BAC BANK OF AMERICA CORP | Financials | 32.6M | $1.59B | 0.3% | -3.3% |
| GD GENERAL DYNAMICS CORP | Industrials | 4.5M | $1.55B | 0.3% | -1.0% |
| CB CHUBB LTD | Financials | 4.7M | $1.52B | 0.3% | -0.8% |
| TSLA TESLA INC | Industrials | 4.1M | $1.51B | 0.3% | -14.7% |
| CAT CATERPILLAR INC | Industrials | 2.0M | $1.45B | 0.3% | +2.0% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 6.9M | $1.40B | 0.3% | -2.1% |
| MRK MERCK & CO. INC. | Healthcare | 11.4M | $1.38B | 0.3% | +3.6% |
| NFLX NETFLIX INC | Services media | 14.2M | $1.36B | 0.3% | -7.5% |
| EMR EMERSON ELECTRIC CO | Industrials | 10.0M | $1.31B | 0.3% | -8.1% |
| GS GOLDMAN SACHS GROUP INC | Financials | 1.5M | $1.24B | 0.2% | +2.4% |
| SBUX STARBUCKS CORP | Consumer discretionary | 13.6M | $1.22B | 0.2% | -23.5% |
| CEG CONSTELLATION ENERGY | Utilities | 4.3M | $1.21B | 0.2% | +4.0% |
| ITW ILLINOIS TOOL WORKS | Industrials | 4.6M | $1.21B | 0.2% | -29.2% |
| AFL AFLAC INC | Financials | 10.5M | $1.16B | 0.2% | -2.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 17971 | $530.34B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 17860 | $549.08B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 17814 | $526.00B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 17891 | $483.40B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 17507 | $440.26B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 17130 | $443.37B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 17223 | $441.74B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 17489 | $412.47B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 18593 | $415.11B | canonical | SEC ↗ |