WFC ranks #60 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
2894 institutions disclose a position in WFC, but none treat it as a major bet — even State Farm Mutual Automobile Insurance Co, its most concentrated holder, allocates just 2.3% of its own portfolio to it.
Capital Research Global Investors has added to its WFC position for two straight quarters, increasing it by $2.8B to reach $6.3B today.
Fidelity has trimmed its WFC position for two straight quarters, cutting it by $4.7B while still holding $12.6B.
WFC is up 2% today, and institutions have been net buyers of $30.8B this quarter — today's price move and the underlying institutional flow are pointing the same direction.