Wells Fargo adjusts "Seven Giants" positions in Q1: reduces holdings in Microsoft and Apple, increases holdings in Meta and other companies

Zhitong
2025.05.19 08:46
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Wells Fargo's total market value of holdings in the first quarter of 2023 was $440 billion, essentially flat quarter-on-quarter. According to the report disclosed by the SEC, Wells Fargo reduced its holdings in Microsoft and Apple, while increasing its positions in companies like Meta. The top ten holdings accounted for 18.06% of the total market value, with Apple and Microsoft being the first and second largest positions, respectively

According to the disclosure by the U.S. Securities and Exchange Commission (SEC), Wells Fargo (WFC.US) submitted its first-quarter (Q1) holdings report (13F) for the period ending March 31, 2025.

Statistics show that Wells Fargo's total market value of holdings in the first quarter was $440 billion, compared to $443 billion in the previous quarter, remaining basically flat quarter-on-quarter. In the first quarter, Wells Fargo added 470 new stocks to its portfolio, increased its holdings in 3,422 stocks, while reducing its holdings in 2,294 stocks and completely liquidating 519 stocks. The top ten holdings accounted for 18.06% of the total market value.

Among the top five holdings, Apple (AAPL.US) ranked first, with approximately 57.44 million shares and a market value of about $12.76 billion. The number of shares decreased by 0.82% compared to the previous quarter, accounting for 2.90% of the portfolio.

Microsoft (MSFT.US) ranked second, with approximately 32.83 million shares and a market value of about $12.33 billion. The number of shares decreased by 3.66% compared to the previous quarter, accounting for 2.80% of the portfolio.

iShares S&P 500 Index ETF (IVV.US) ranked third, with approximately 17.757 million shares and a market value of about $9.98 billion. The number of shares decreased by 0.53% compared to the previous quarter, accounting for 2.27% of the portfolio.

SPDR S&P 500 Index ETF (SPY.US) ranked fourth, with approximately 13.61 million shares and a market value of about $7.6 billion. The number of shares increased by 4.83% compared to the previous quarter, accounting for 1.73% of the portfolio.

iShares Core S&P Total U.S. Stock Market ETF (ITOT.US) ranked fifth, with approximately 58.59 million shares and a market value of about $7.15 billion. The number of shares increased by 5.98% compared to the previous quarter, accounting for 1.62% of the portfolio.

In terms of changes in holding proportions, the top five purchased stocks were: Nasdaq 100 ETF - Invesco QQQ Trust (QQQ.US), iShares Russell 2000 Index ETF Call Options (IWM.US, CALL), Meta Platforms (META.US), iShares MSCI EAFE ETF (IEFA.US), and Berkshire Hathaway Class B shares (BRK.B.US).

The top five sold stocks were: Microsoft, Apple, Russell 2000 ETF - iShares (IWM.US), SPDR S&P 500 Index ETF Put Options (SPY.US, PUT), and SPDR S&P 500 Index ETF Call Options (SPY.US, CALL)

Wells Fargo adjusted its holdings in the "Seven Giants" of technology stocks in the first quarter, selling Microsoft and Apple, while increasing its positions in Nvidia, Amazon, Google, and Meta

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