How many shares of Wells Fargo does Warren Buffett Own?

Which banks does Warren Buffett invest in?

Stocks

  • BAC. Bank of America Corporation. NYSE:BAC. $41.66. …
  • BRK.A. Berkshire Hathaway Inc. NYSE:BRK.A. $429,720.00. …
  • BRK.B. Berkshire Hathaway Inc. NYSE:BRK.B. …
  • GS. The Goldman Sachs Group, Inc. NYSE:GS. …
  • C. Citigroup Inc. NYSE:C. …
  • JPM. JPMorgan Chase & Co. NYSE:JPM. …
  • WFC. Wells Fargo & Company. NYSE:WFC. …
  • AMZN. Amazon.com, Inc. NASDAQ:AMZN.

Did Warren Buffet sell Wells Fargo?

Warren Buffett

Berkshire (BRK. A, BRK.B) has been steadily selling its stake in Wells Fargo since early 2020. The company held 345 million shares of Wells Fargo at the end of 2019. CEO Warren Buffett had long been a fan of the bank, having held a stake for more than 30 years.

Who owns most of Wells Fargo?

Top 10 Owners of Wells Fargo & Co

Stockholder Stake Shares owned
The Vanguard Group, Inc. 7.72% 316,918,466
BlackRock Fund Advisors 4.44% 182,397,882
SSgA Funds Management, Inc. 4.36% 178,966,751
Fidelity Management & Research Co… 3.81% 156,609,777

How much of Apple Does Bill Gates Own?

The Gates’ trust owned 1 million Apple shares at the end of 2020, but by March 31, it had sold them. Apple stock has been underperforming the market. Shares slid 8% in the first quarter, and so far in the second quarter, they are up 2.7%.

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Why did Warren Buffett sell banks?

Buffett dumped the banks because he feared Berkshire was overexposed to the sector and could suffer if the pandemic worsened, he said at Berkshire’s recent shareholder meeting. “We overall didn’t want as much in banks as we had,” he said.

Why did Warren Buffett buy Verizon?

The first is “cash is king.” Buffett enjoys investing in companies with strong earnings. Secondly, he’s a value-seeking investor. Verizon seems to tick both of these boxes and can also be considered a provider of essential services, which makes it suitable for both value and dividend investors.

Did Warren Buffett sell Chevron?

recently disclosed in a filing that it had sold its stake in Suncor (SU) and 50% of its stake in Chevron (CVX). This comes shortly after Berkshire’s annual meeting, in which Buffett defended his ownership of Chevron stock.

Capital