Institutional Investors' Moves on Wells Fargo Revealed

2024-03-12

Wells Fargo & Company (WFC) was under close scrutiny by a significant number of hedge funds and ETFs as of the quarter ending on December 31, 2023. During this period, 2048 hedge funds collectively held 2,792,852,610 WFC shares, while 48 ETFs held 171,522,870 WFC shares.

Among the top institutional holders, Vanguard Group Inc. emerged as the largest shareholder of WFC with 321,727,905 shares, followed by BlackRock Inc. with 261,297,332 shares.

In the last quarter, 701 hedge funds were actively buying WFC shares, while 955 were selling off their holdings. The total number of shares purchased amounted to 127,401,514, whereas 108,484,596 shares were sold. Noteworthy was the fact that 73 hedge funds decided to double down on their positions in WFC, while 15 funds opted to offload at least 90% of their WFC shares.

The data, which was sourced from sharkstracker.com, offered a data-driven perspective on the market dynamics, allowing investors to monitor the sentiments and activities of various institutions towards WFC. For those seeking more comprehensive insights, the full report can be accessed at: [SharksTracker - WFC Report](https://www.sharkstracker.com/reports/ReportDetail12:WFC/?rrr=3).