Wells Fargo & Company/Mn2026-Q2
This is Wells Fargo & Company/MN's Form 13F for the second quarter of 2026, covering its equity portfolio as of the June 30, 2026 reporting date.
Quick Reference
| Ticker | Action | Value Change |
|---|---|---|
| QQQ | Add | +$5.03B |
| SPY | Add | +$3.72B |
| IVV | Add | +$2.50B |
| HYG | Trim | -$2.04B |
| WDC | Trim | +$1.75B (value rose despite the trim — the stock's price gain outweighed the trimmed shares, NOT a buy) |
Q: Did Wells Fargo buy more QQQ and SPY in Q2 2026? Yes — Wells Fargo added to both QQQ and SPY in Q2 2026, and the two funds rank as the filing's two largest dollar gains. QQQ grew by +$5.03B to $12.38B, lifting its weight from 1.39% to 2.01%, while SPY grew by +$3.72B to $12.39B, moving from 1.64% to 2.01%.
Q: What was Wells Fargo's biggest purchase in its 2026-Q2 13F? Wells Fargo's biggest purchase of the quarter was QQQ, the Nasdaq-100 tracking ETF. Its value grew by +$5.03B to $12.38B — the largest dollar gain among the filing's top holding changes — ahead of the +$3.72B build in SPY and the +$3.23B build in GOOGL.
Q: Which chip and hardware stocks did Wells Fargo buy in Q2 2026? Wells Fargo bought across semiconductors and storage hardware in Q2 2026, adding to MU, AMD, STX, LRCX, SNDK, INTC, AMAT, and TSM. MU's position grew by +$2.43B to $3.29B (weight up from 0.16% to 0.53%), AMD's grew by +$2.33B to $3.29B, and the technology-sector XLK fund grew by +$1.55B to $4.65B.
Q: What is Wells Fargo's biggest holding after the 2026-Q2 13F? Apple (AAPL) is the fund's largest reported equity position after Q2 2026, valued at $18.09B. Wells Fargo added to AAPL during the quarter — value up +$2.41B — and the stake carried a reported weight of 2.93%, compared with 2.96% at the end of Q1.
Q: Did Wells Fargo sell anything in Q2 2026? Yes — Wells Fargo trimmed the high-yield bond ETF HYG and Chevron (CVX) in Q2 2026, and also cut share counts in WDC, CSCO, AVGO, and PANW. HYG fell by -$2.04B to $1.24B, with weight sliding from 0.62% to 0.20%, and CVX fell by -$952.2M to $3.15B. The other four cuts — WDC, CSCO, AVGO, and PANW — show higher dollar values on lower share counts: shares were trimmed (real selling), but the dollar value rose because the stock price gained more than the trimmed shares were worth — NOT a buy.
Q: Why did Wells Fargo's AVGO position grow in value if the fund sold shares? Shares were trimmed (real selling), but the dollar value rose because the stock price gained more than the trimmed shares were worth — NOT a buy. AVGO's reported value moved from $8.11B to $9.53B even as its share count fell, with weight nearly unchanged at 1.54% versus 1.53%. CSCO ($2.99B to $4.43B), WDC, and PANW show the same price-driven effect.
Q: How much did Wells Fargo's trading activity change in Q2 2026? Wells Fargo's quarterly turnover ratio rose to 0.235947 in Q2 2026, up from 0.177081 in Q1 — a clear step-up in repositioning. Holding count expanded from 6742 to 6822 positions, the HHI concentration score edged up to 0.007189 from 0.006811, and the Information Technology sector weight printed 0.3472 versus 0.2952 a quarter earlier.
Q: What's the easiest way to track Wells Fargo & Company/MN's future filings? Check the firm's next quarterly 13F — the filing covering the quarter ending September 30, 2026 — as soon as it is published. Comparing its top holding changes against this Q2 report will show whether the QQQ and SPY builds continued, whether the MU and AMD adds extended, and whether the HYG and CVX trims deepened into full exits.