Wells Fargo Discloses Q4 2023 Equity Holdings in 13F-HR Filing

TL;DR

**Wells Fargo's Q4 2023 13F-HR is out, showing their equity bets as of December 31, 2023.**

AI Summary

Wells Fargo & Company/MN filed its 13F-HR on February 9, 2024, detailing its equity holdings as of December 31, 2023. The filing shows a total of 18,977 holdings, with a significant portion managed by various Wells Fargo entities like Wells Fargo Clearing Services, LLC and Wells Fargo Bank N.A. For instance, they held 93,845 shares of 23andMe Holding Co Class A worth $85,727 through Wells Fargo Bank N.A. This matters to investors as it provides transparency into the investment strategies of a major financial institution, potentially signaling trends or confidence in certain sectors or companies.

Why It Matters

This filing offers a glimpse into how a major financial institution, Wells Fargo, is allocating its equity investments, which can influence market sentiment and provide insights into their economic outlook.

Risk Assessment

Risk Level: low — This filing is a backward-looking disclosure of past holdings and does not indicate future investment decisions or pose direct risk to the company's operations.

Analyst Insight

Investors should review the full list of holdings to identify any significant new positions or divestitures that align with their own investment theses, particularly in sectors where Wells Fargo has a notable presence.

Key Numbers

• 20231231 — Conformed Period of Report (The date for which the reported holdings are accurate.)
• 18977 — Total Holdings (The total number of distinct equity positions reported by Wells Fargo.)
• 93845 — Shares of 23andMe Holding Co Class A (The number of shares of 23andMe held by Wells Fargo Bank N.A.)
• $85,727 — Value of 23andMe Holding Co Class A (The market value of the 93,845 shares of 23andMe held by Wells Fargo Bank N.A.)
• 20240209 — Filed As Of Date (The date the 13F-HR filing was submitted to the SEC.)

Key Players & Entities

• WELLS FARGO & COMPANY/MN (company) — the filer of the 13F-HR
• Patricia Arce (person) — the designated signer for the filing
• Wells Fargo Clearing Services, LLC (company) — a managing entity of reported holdings
• Wells Fargo Bank N.A. (company) — a managing entity of reported holdings
• 23andMe Holding Co Class A (company) — an equity holding reported in the filing
• $85,727 (dollar_amount) — the value of 23andMe Holding Co Class A shares held by Wells Fargo Bank N.A.

Forward-Looking Statements

• Wells Fargo's investment in 23andMe Holding Co Class A suggests a potential long-term interest in the genomics and biotechnology sector. (23andMe Holding Co Class A) — medium confidence, target: 2024-12-31

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 4KB
• 13F_12_2023.html (INFORMATION TABLE)
• 13F_12_2023.xml (INFORMATION TABLE) — 9193KB
• 0000072971-24-000062.txt ( ) — 9198KB

From the Filing

SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment    Amendment Number: This Amendment (Check only one.):    is a restatement.    adds new holdings entries. Institutional Investment Manager Filing this Report: Name: WELLS FARGO & COMPANY/MN Address: 420 MONTGOMERY STREET SAN FRANCISCO , CA   94104 Form 13F File Number: 028-00165 CRD Number (if applicable): The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Patricia Arce Title: Designated Signer Phone: 347-344-8868 Signature, Place, and Date of Signing: Patricia Arce New York ,  NY 02-09-2024 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)    13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)    13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 6 Form 13F Information Table Entry Total: 18,977 Form 13F Information Table Value Total: 383,349,598,919 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] No. Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK 15 WELLS FARGO CLEARING SERVICES, LLC 028-13118 13 WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC 028-13117 4 WELLS FARGO BANK N A 028-01341 17 WELLS FARGO DELAWARE TRUST CO, N.A. 028-12628 24 Wells Fargo Securities, LLC 028-13600 48 WELLS FARGO INVESTMENT INSTITUTE, INC. 028-22080

View Full Filing

View this 13F-HR filing on SEC EDGAR