Institutional Manager · CIK 0000072971

WELLS FARGO & COMPANY/MN

SAN FRANCISCO, CA · File #028-00165

Latest AUM

$549.08B

Positions

17,860

Top-10 Concentration

40.1%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	MICROSOFT CORP	MSFT	+19,142,317	+$9.26B	-$585,052
ADD	APPLE INC	AAPL	+23,910,355	+$6.50B	+$129.9M
ADD	ALPHABET INC	GOOG	+17,938,847	+$5.61B	+$35.1M
ADD	BROADCOM INC	AVGO	+13,770,168	+$4.77B	+$14,571
ADD	AMAZON COM INC	AMZN	+18,030,198	+$4.16B	+$129,487
ADD	VANGUARD INDEX FDS	922908629	+12,519,688	+$3.63B	-$140,076
ADD	GOLDMAN SACHS ETF TR	NVGLF	+17,742,597	+$2.35B	+$80,093
ADD	ISHARES TR	464287150	+15,791,263	+$2.35B	+$59.6M
ADD	JOHNSON & JOHNSON	JNJ	+10,789,528	+$2.23B	+$645,900
ADD	VANGUARD INDEX FDS	922908363	+3,554,404	+$2.23B	+$1.1M

Sector Allocation

Technology

15.7%$86.02B

Financials

7.5%$41.42B

Healthcare

5.1%$27.85B

Consumer Discretionary

4.2%$23.08B

Industrials

3.7%$20.31B

Communication Services

2.0%$11.03B

1.8%$9.84B

1.6%$8.89B

0.8%$4.57B

0.8%$4.42B

0.3%$1.64B

Filing History

Feb 13, 202613F HOLDINGS REPORTQ/E Dec 202517,860 pos · $549.08B
Nov 13, 202513F HOLDINGS REPORTQ/E Sep 202517,814 pos · $526.00B
Aug 14, 202513F HOLDINGS REPORTQ/E Jun 202517,891 pos · $483.40B
May 13, 202513F HOLDINGS REPORTQ/E Mar 202517,507 pos · $440.26B
Feb 13, 202513F HOLDINGS REPORTQ/E Dec 202417,130 pos · $443.37B
Nov 13, 202413F HOLDINGS REPORTQ/E Sep 202417,223 pos · $441.74B
Aug 13, 202413F HOLDINGS REPORTQ/E Jun 202417,489 pos · $412.47B
May 10, 202413F HOLDINGS REPORTQ/E Mar 202418,593 pos · $415.11B
Nov 13, 202313F HOLDINGS REPORTQ/E Dec 202319,057 pos · $341.30B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SPDR S&P 500 ETF TR	SPY	14,073,308	$9.60B	5.91%
2	MICROSOFT CORP	MSFT	19,159,359	$9.27B	5.71%
3	APPLE INC	AAPL	31,446,863	$8.55B	5.27%
4	ISHARES TR	464287200	10,458,191	$7.16B	4.41%
5	NVIDIA CORPORATION	NVDA	32,103,833	$5.99B	3.69%
6	ALPHABET INC	GOOG	18,440,847	$5.77B	3.56%
7	ISHARES TR	464287150	35,392,400	$5.26B	3.24%
8	BROADCOM INC	AVGO	13,771,068	$4.77B	2.94%
9	JPMORGAN CHASE & CO.	VYLD	13,951,581	$4.50B	2.77%
10	AMAZON COM INC	AMZN	18,041,708	$4.16B	2.57%
11	ISHARES TR	46432F842	45,310,546	$4.05B	2.50%
12	ISHARES TR	464287226	38,272,057	$3.82B	2.35%
13	SPDR S&P 500 ETF TR	SPY	5,517,500	$3.76B	2.32%
14	VANGUARD INDEX FDS	922908629	12,559,482	$3.65B	2.25%
15	APPLE INC	AAPL	13,218,466	$3.59B	2.21%
16	META PLATFORMS INC	META	5,422,668	$3.58B	2.20%
17	MICROSOFT CORP	MSFT	7,201,031	$3.48B	2.15%
18	ISHARES INC	46434G103	45,381,138	$3.05B	1.88%
19	ISHARES TR	464287150	19,731,980	$2.93B	1.81%
20	SPDR S&P 500 ETF TR	SPY	4,253,864	$2.90B	1.79%