Wells Fargo & Company/Mn
Reported US equity positions for Q1 2026 — $501.3B across 17,415 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| AAPL Apple Inc. | $14.9B | 3.0% | 58,736,486 |
| IVV iShares Core S&P 500 ETF | $12.8B | 2.6% | 19,577,152 |
| MSFT Microsoft Corporation | $12.3B | 2.5% | 33,333,314 |
| NVDA NVIDIA Corporation | $9.9B | 2.0% | 56,959,115 |
| ITOT iShares Core S&P Total U.S. Stock Market ETF | $9.4B | 1.9% | 65,970,413 |
| GOOGL Alphabet Inc. | $8.0B | 1.6% | 27,808,601 |
| VO Vanguard Morningstar Mid-Cap ETF | $8.0B | 1.6% | 27,774,784 |
| AVGO Broadcom Inc. | $7.9B | 1.6% | 25,685,240 |
| IEFA iShares Core MSCI EAFE ETF | $7.7B | 1.5% | 85,182,345 |
| AMZN Amazon.com, Inc. | $7.3B | 1.5% | 35,017,948 |
| JPM JP Morgan Chase & Co. | $6.8B | 1.3% | 23,000,631 |
| AGG iShares Core U.S. Aggregate Bond ETF | $6.3B | 1.3% | 63,695,880 |
| SPY State Street SPDR S&P 500 ETF Trust | $6.1B | 1.2% | 9,418,886 |
| IEMG iShares Core MSCI Emerging Markets ETF | $6.1B | 1.2% | 87,384,260 |
| META Meta Platforms, Inc. | $5.5B | 1.1% | 9,655,119 |
| GOOG Alphabet Inc. - Class C Capital Stock | $5.2B | 1.0% | 18,011,375 |
| IWR iShares Russell Mid-Cap ETF | $4.2B | 0.8% | 42,826,207 |
| JNJ Johnson & Johnson | $4.1B | 0.8% | 16,925,454 |
| LLY Eli Lilly and Company | $4.1B | 0.8% | 4,405,844 |
| VEA Vanguard FTSE Developed Markets ETF | $3.9B | 0.8% | 61,389,203 |
| NDQ Invesco Qqq Tr | $3.8B | 0.7% | 6,499,473 |
| VOO Vanguard S&P 500 ETF | $3.7B | 0.7% | 6,246,795 |
| CHV Chevron Corporation | $3.7B | 0.7% | 18,039,131 |
| WMT Walmart Inc. | $3.6B | 0.7% | 29,282,350 |
| IJH iShares Core S&P Mid-Cap ETF | $3.6B | 0.7% | 53,508,393 |
| GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | $3.5B | 0.7% | 28,093,920 |
| COST Costco Wholesale Corporation | $3.1B | 0.6% | 3,111,874 |
| XLK State Street Technology Select Sector SPDR ETF | $3.1B | 0.6% | 23,321,099 |
| CSCO Cisco Systems, Inc. | $3.0B | 0.6% | 38,484,775 |
| ADI Analog Devices, Inc. | $2.7B | 0.5% | 8,372,264 |
| NEE NextEra Energy, Inc. | $2.6B | 0.5% | 28,493,032 |
| PSX Phillips 66 | $2.5B | 0.5% | 13,788,007 |
| V Visa Inc. | $2.5B | 0.5% | 8,259,175 |
| AMGN Amgen Inc. | $2.5B | 0.5% | 7,088,010 |
| MCD McDonald's Corporation | $2.5B | 0.5% | 7,969,032 |
| BRK.B Berkshire Hathaway Inc. | $2.5B | 0.5% | 5,115,578 |
| BLK BlackRock, Inc. | $2.4B | 0.5% | 2,476,370 |
| IWM iShares Russell 2000 Index Fund | $2.4B | 0.5% | 9,561,752 |
| VIG Vanguard Div Appreciation ETF | $2.3B | 0.5% | 10,790,756 |
| VWO Vanguard FTSE Emerging Markets ETF | $2.3B | 0.5% | 42,921,174 |
| IUSB iShares Core Universal USD Bond ETF | $2.3B | 0.5% | 49,562,677 |
| EXMOC Exxon Mobil Corp | $2.2B | 0.4% | 12,998,435 |
| XLF State Street Financial Select Sector SPDR ETF | $2.2B | 0.4% | 43,826,096 |
| BIV Vanguard Intermediate-Term Bond ETF | $2.1B | 0.4% | 27,764,129 |
| PG The Procter & Gamble Company | $2.1B | 0.4% | 14,373,215 |
| LOW Lowe's Companies, Inc. | $2.1B | 0.4% | 8,748,137 |
| MA Mastercard Incorporated | $2.0B | 0.4% | 3,981,124 |
| HD The Home Depot, Inc. | $2.0B | 0.4% | 5,990,074 |
| ABBV AbbVie Inc. | $1.9B | 0.4% | 8,909,597 |
| VUG Vanguard Morningstar Growth ETF | $1.9B | 0.4% | 4,427,080 |
| GE GE Aerospace | $1.9B | 0.4% | 6,804,291 |
| IWF iShares Russell 1000 Growth Fund | $1.9B | 0.4% | 4,515,758 |
| BND Vanguard Total Bond Market ETF | $1.9B | 0.4% | 26,033,142 |
| G54950103 Linde PLC | $1.9B | 0.4% | 3,784,457 |
| EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | $1.9B | 0.4% | 19,861,569 |
| VTI Vanguard Morningstar Total Stock Market ETF | $1.8B | 0.4% | 5,733,299 |
| IJR iShares Core S&P Small-Cap ETF | $1.8B | 0.4% | 14,723,605 |
| PEP PepsiCo, Inc. | $1.8B | 0.4% | 11,437,360 |
| PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | $1.8B | 0.4% | 101,757,943 |
| IVW iShares S&P 500 Growth ETF | $1.7B | 0.3% | 15,355,004 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.