Wells Fargo reduced its holdings in Microsoft in Q3 and continued to increase its positions in the remaining "Five Giants."

Zhitong
2024.11.18 07:49
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Wells Fargo's Q3 2024 holdings report shows a total market value of $442 billion, an increase of 7.3% from the previous quarter. The bank reduced its holdings in Microsoft and Apple by 2.06% and 1.31%, respectively. At the same time, Wells Fargo added 450 stocks, increased holdings in 2,923 stocks, and completely liquidated 410 stocks. The top ten holdings account for 17.95% of the total market value

According to the disclosure by the U.S. Securities and Exchange Commission (SEC), Wells Fargo (WFC.US) submitted its third-quarter (Q3) holdings report (13F) for the period ending September 30, 2024.

Statistics show that Wells Fargo's total market value of holdings in the third quarter was $442 billion, an increase of 7.3% from the previous quarter's $412 billion. In the third quarter, Wells Fargo added 450 new stocks to its portfolio and increased its holdings in 2,923 stocks. At the same time, Wells Fargo reduced its holdings in 2,694 stocks and completely liquidated 410 stocks. The top ten holdings accounted for 17.95% of the total market value.

Among the top five holdings, Microsoft (MSFT.US) ranked first, with approximately 34.63 million shares and a market value of about $14.9 billion. The number of shares decreased by 2.06% from the previous quarter, accounting for 3.37% of the portfolio.

Apple (AAPL.US) ranked second, with approximately 59.12 million shares and a market value of about $13.776 billion. The number of shares decreased by 1.31% from the previous quarter, accounting for 3.12% of the portfolio.

iShares S&P 500 ETF (IVV.US) ranked third, with approximately 15.97 million shares and a market value of about $9.21 billion. The number of shares increased by 0.88% from the previous quarter, accounting for 2.08% of the portfolio.

iShares S&P Total Market ETF (ITOT.US) ranked fourth, with approximately 55.08 million shares and a market value of about $6.919 billion. The number of shares increased by 14.68% from the previous quarter, accounting for 1.57% of the portfolio.

NVIDIA (NVDA.US) ranked fifth, with approximately 52.61 million shares and a market value of about $6.389 billion. The number of shares increased by 5.65% from the previous quarter, accounting for 1.45% of the portfolio.

In the third quarter, Wells Fargo established positions in KraneShares CSI China Internet ETF call options (KWEB.US, CALL) and liquidated positions in SPDR SSGA U.S. Small Cap Low Volatility Index ETF (SMLV.US).

During this quarter, Wells Fargo increased its holdings in five of the "seven giants," specifically increasing its holdings in NVIDIA by 5.65%, Amazon (AMZN.US) by 7.13%, Meta (META.US) by 1.81%, Alphabet-A (GOOGL.US) by 1.64%, Alphabet-C (GOOG.US) by 0.78%, and Tesla (TSLA.US) by 21.75% At the same time, the bank reduced its holdings in Microsoft by 2.06% and Apple by 1.31%.

From the changes in holding ratios, the top five purchased securities are: iShares Russell 2000 Index ETF put options (IWM.US, PUT), Broadcom (AVGO.US), iShares S&P Total Market ETF, iShares Broad USD High Yield Corporate Bond ETF (USHY.US), and Tesla.

The top five sold securities are: Microsoft, SPDR S&P 500 Index ETF put options (SPY.US, PUT), iShares U.S. Aggregate Bond ETF (AGG.US), SPDR S&P 500 Index ETF (SPY.US), and PIMCO Enhanced Short Maturity Active ETF (MINT.US).

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