The first Wells Fargo trade was made in Q1 1999. Since then Warren Buffett bought shares 31 more times and sold shares on 32 occasions. The investor completely sold their stake between Q3 2017 and Q1 2022.
The Berkshire Hathaway CEO told Fortune in 2009 that Wells Fargo was more valuable than it seemed and compared its chair to Walmart founder Sam Walton.
Davis Selected Advisers'' 13F portfolio grew by 8% to $16.41B in Q2 2023. Top holdings include Meta Platforms, Berkshire Hathaway, and Wells Fargo.
Wells Fargo was a long-term favorite of Warren Buffett, but he recently sold all his shares. Click here to see our take on WFC stock.
Buffett swapped out Wells Fargo and Goldman Sachs for a beaten-down bank.