Vault-13

WELLS FARGO CO NEW WFC 7.5 PERP L

PERP PFD CNV A · PUBLIC · CUSIP 949746804

276 institutional holders +8 vs Q1 2025
2,242,5532.2m shares reported held*
$2.7bnreported value*
21 new 62 added 83 reduced 13 sold out net sold ≈ $733.1m (-724.4k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($80.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1209.52.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 233Q4 22: 242Q1 23: 241Q2 23: 234Q3 23: 237Q4 23: 247Q1 24: 255Q2 24: 254Q3 24: 260Q4 24: 260Q1 25: 268Q2 25: 276276Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022233
Q4 2022242
Q1 2023241
Q2 2023234
Q3 2023237
Q4 2023247
Q1 2024255
Q2 2024254
Q3 2024260
Q4 2024260
Q1 2025268
Q2 2025276

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q3 23: 77 bought or addedQ3 23: 85 cut or sold outQ4 23: 79 bought or addedQ4 23: 103 cut or sold outQ4 23Q1 24: 89 bought or addedQ1 24: 86 cut or sold outQ2 24: 86 bought or addedQ2 24: 103 cut or sold outQ2 24Q3 24: 102 bought or addedQ3 24: 78 cut or sold outQ4 24: 91 bought or addedQ4 24: 103 cut or sold outQ4 24Q1 25: 95 bought or addedQ1 25: 99 cut or sold outQ2 25: 83 bought or addedQ2 25: 96 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20237785
Q4 202379103
Q1 20248986
Q2 202486103
Q3 202410278
Q4 202491103
Q1 20259599
Q2 20258396

Biggest buyers

Verition Fund Management LLC New +838,000+838.0k
CAMDEN ASSET MANAGEMENT L P /CA Added +28,942+28.9k
ROYAL BANK OF CANADA Added +16,781+16.8k
Ulland Investment Advisors, LLC Added +3,812+3.8k
HSBC HOLDINGS PLC Added +3,808+3.8k
FMR LLC Added +3,699+3.7k
MORGAN STANLEY Added +1,556+1.6k
Thrivent Financial for Lutherans Added +1,310+1.3k
Universal- Beteiligungs- und Servicegesellschaft mbH New +1,179+1.2k
Asset Allocation & Management Company, LLC New +1,100+1.1k

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -599,498-599.5k
Valeo Financial Advisors, LLC Reduced -81,491-81.5k
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduced -32,060-32.1k
MacKay Shields LLC Reduced -12,340-12.3k
COHEN & STEERS, INC. Reduced -7,463-7.5k
Oxbow Advisors, LLC Reduced -6,814-6.8k
STATE STREET CORP Reduced -5,000-5.0k
Amundi Sold out -4,799-4.8k
JRM Investment Counsel, LLC Reduced -4,725-4.7k
BlackRock, Inc. Reduced -4,558-4.6k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 838,000838.0k $986.4k $986.4k 0.01% New
2 VOYA INVESTMENT MANAGEMENT LLC 0.68% of their portfolio ATLANTA, GA 580,698580.7k $681.8m $681.8m 0.68% Reduced -599.5k -599,498
3 BlackRock, Inc. 0.01% of their portfolio New York, NY 288,411288.4k $338.6m $338.6m 0.01% Reduced -4.6k -4,558
4 ADVENT CAPITAL MANAGEMENT /DE/ 4.63% of their portfolio NEW YORK, NY 180,009180.0k $210.8m $210.8m 4.63% Added +289 +289
5 FIRST TRUST ADVISORS LP 0.15% of their portfolio Wheaton, IL 158,755158.8k $186.4m $186.4m 0.15% Unchanged
6 VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio San Antonio, TX 71,67871.7k $84.2m $84.2m 0.05% Reduced -409 -409
7 STONEBRIDGE ADVISORS LLC 48.85% of their portfolio WILTON, CT 63,19963.2k $74.2m $74.2m 48.85% Reduced -1.9k -1,933
8 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 61,69061.7k $72.4m $72.4m 0.01% Reduced -1.6k -1,600
9 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio Toronto, A6 59,56359.6k $70.1m $70.1m 0.06% Reduced -2.3k -2,319
10 Allianz Asset Management GmbH 0.08% of their portfolio MUNICH, 2M 53,94053.9k $63.3m $63.3m 0.08% Unchanged
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 52,81452.8k $61.7m $61.7m 0.00% Reduced -5.0k -5,000
12 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.11% of their portfolio CAUSEWAY BAY, K3 49,70849.7k $58.4m $58.4m 0.11% Reduced -32.1k -32,060
13 FMR LLC 0.00% of their portfolio BOSTON, MA 48,14948.1k $56.5m $56.5m 0.00% Added +3.7k +3,699
14 Nuveen, LLC 0.02% of their portfolio CHARLOTTE, NC 46,43346.4k $54.5m $54.5m 0.02% Reduced -104 -104
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 46,32546.3k $54.4m $54.4m 0.00% Added +1.6k +1,556
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 31,74431.7k $37.3m $37.3m 0.00% Added +16.8k +16,781
17 CAMDEN ASSET MANAGEMENT L P /CA 0.86% of their portfolio Los Angeles, CA 31,25631.3k $36.7m $36.7m 0.86% Added +28.9k +28,942
18 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 30,74730.7k $36.1m $36.1m 0.00% Reduced -202 -202
19 Thrivent Financial for Lutherans 0.07% of their portfolio Minneapolis, MN 27,43327.4k $32.2m $32.2m 0.07% Added +1.3k +1,310
20 PIER 88 INVESTMENT PARTNERS LLC 4.73% of their portfolio SAN FRANCISCO, CA 21,65221.7k $25.4m $25.4m 4.73% Added +400 +400
21 First Eagle Investment Management, LLC 0.05% of their portfolio NEW YORK, NY 20,69120.7k $24.3m $24.3m 0.05% Unchanged
22 NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio ALBANY, NY 19,11419.1k $22.4m $22.4m 0.03% Unchanged
23 Focus Partners Wealth 0.05% of their portfolio ST LOUIS, MO 18,24718.2k $21.4m $21.4m 0.05% Added +49 +49
24 SSI INVESTMENT MANAGEMENT LLC 1.50% of their portfolio Los Angeles, CA 18,09118.1k $21.2m $21.2m 1.50% Reduced -567 -567
25 MacKay Shields LLC 0.59% of their portfolio New York, NY 15,77915.8k $18.6m $18.6m 0.59% Reduced -12.3k -12,340
26 NEW ENGLAND ASSET MANAGEMENT INC 2.43% of their portfolio FARMINGTON, CT 13,27513.3k $15.6m $15.6m 2.43% Unchanged
27 Galvin, Gaustad & Stein, LLC 1.24% of their portfolio Scottsdale, AZ 12,23012.2k $14.4m $14.4m 1.24% Reduced -199 -199
28 KCM INVESTMENT ADVISORS LLC 0.46% of their portfolio GREENBRAE, CA 11,63711.6k $13.7m $13.7m 0.46% Reduced -12 -12
29 Kestra Advisory Services, LLC 0.06% of their portfolio AUSTIN, TX 10,11410.1k $11.9m $11.9m 0.06% Added +174 +174
30 COHEN & STEERS, INC. 0.02% of their portfolio NEW YORK, NY 9,3869.4k $11.0m $11.0m 0.02% Reduced -7.5k -7,463
31 PALISADE CAPITAL MANAGEMENT, LP 0.29% of their portfolio FORT LEE, NJ 8,8268.8k $10.3m $10.3m 0.29% Reduced -444 -444
32 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 8,5978.6k $10.1m $10.1m 0.00% Reduced -400 -400
33 Stratos Wealth Partners, LTD. 0.14% of their portfolio BEACHWOOD, OH 8,5688.6k $10.1m $10.1m 0.14% Reduced -144 -144
34 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 8,4648.5k $9.9m $9.9m 0.00% Added +65 +65
35 RATIONAL ADVISORS, INC. 0.95% of their portfolio San Juan, PR 8,2008.2k $9.6m $9.6m 0.95% Added +400 +400
36 RB Capital Management, LLC 2.16% of their portfolio RENO, NV 8,1198.1k $9.5m $9.5m 2.16% Added +64 +64
37 CRAWFORD INVESTMENT COUNSEL INC 0.16% of their portfolio ATLANTA, GA 7,9137.9k $9.3m $9.3m 0.16% Reduced -64 -64
38 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 7,8787.9k $9.2m $9.2m 0.01% Added +287 +287
39 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 7,5967.6k $8.9m $8.9m 0.03% Reduced -249 -249
40 UBS Group AG 0.00% of their portfolio ZURICH, V8 7,4887.5k $8.8m $8.8m 0.00% Added +109 +109
41 FIRST MANHATTAN CO. LLC. 0.02% of their portfolio NEW YORK, NY 7,3957.4k $8.7m $8.7m 0.02% Reduced -290 -290
42 Ulland Investment Advisors, LLC 6.47% of their portfolio MINNEAPOLIS, MN 7,2127.2k $8.5m $8.5m 6.47% Added +3.8k +3,812
43 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 6,8546.9k $8.0m $8.0m 0.00% Added +94 +94
44 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 6,4626.5k $7.6m $7.6m 0.01% Reduced -97 -97
45 CONNING INC. 0.24% of their portfolio HARTFORD, CT 6,0656.1k $7.1m $7.1m 0.24% Unchanged
46 Penn Mutual Asset Management 12.45% of their portfolio Conshohocken, PA 6,0006.0k $7.0m $7.0m 12.45% Unchanged
47 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 5,8605.9k $6.8m $6.8m 0.00% Unchanged
48 KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 1.50% of their portfolio NEWPORT BEACH, CA 5,7965.8k $6.8m $6.8m 1.50% Added +340 +340
49 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 5,3295.3k $6.3m $6.3m 0.01% Reduced -81 -81
50 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 5,2705.3k $6.2m $6.2m 0.01% Added +135 +135
51 Western Asset Management Company, LLC 7.64% of their portfolio Pasadena, CA 4,9655.0k $5.8m $5.8m 7.64% Unchanged
52 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 4,7854.8k $5.6m $5.6m 0.00% Reduced -106 -106
53 Hudson Capital Management LLC 1.56% of their portfolio RAMSEY, NJ 4,6784.7k $5.5m $5.5m 1.56% Reduced -1 -1
54 Phraction Management LLC 1.75% of their portfolio COLCHESTER, CT 4,6654.7k $5.5m $5.5m 1.75% Reduced -24 -24
55 NORRIS PERNE & FRENCH LLP/MI 0.35% of their portfolio GRAND RAPIDS, MI 4,2794.3k $5.0m $5.0m 0.35% Reduced -425 -425
56 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 4,0004.0k $4.7m $4.7m 0.00% Added +3.8k +3,808
57 Mariner, LLC 0.01% of their portfolio Overland Park, KS 3,7013.7k $4.3m $4.3m 0.01% Reduced -340 -340
58 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 3,6393.6k $4.3m $4.3m 0.01% Added +250 +250
59 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 3,5503.5k $4.2m $4.2m 0.01% Added +328 +328
60 Spectrum Asset Management, Inc. 6.25% of their portfolio STAMFORD, CT 3,4873.5k $4.1m $4.1m 6.25% Reduced -45 -45
61 LM Advisors LLC 0.52% of their portfolio SAN DIEGO, CA 3,4423.4k $4.0m $4.0m 0.52% Reduced -25 -25
62 LAFFER TENGLER INVESTMENTS, INC. 0.68% of their portfolio Scottsdale, AZ 3,3003.3k $3.8m $3.8m 0.68% Reduced -90 -90
63 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 3,2803.3k $3.9m $3.9m 0.00% Reduced -5 -5
64 Edgemoor Investment Advisors, Inc. 0.32% of their portfolio BETHESDA, MD 3,1203.1k $3.7m $3.7m 0.32% Reduced -105 -105
65 AEGON USA Investment Management, LLC 2.69% of their portfolio CEDAR RAPIDS, IA 3,0703.1k $3.6m $3.6m 2.69% Unchanged
66 DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC 0.19% of their portfolio BLOOMFIELD HILLS, MI 3,0193.0k $3.5m $3.5m 0.19% Added +30 +30
67 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 3,0033.0k $3.5m $3.5m 0.00% Reduced -34 -34
68 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 2,9082.9k $3.4m $3.4m 0.00% Reduced -83 -83
69 Seven Springs Wealth Group, LLC 0.81% of their portfolio BRENTWOOD, TN 2,7762.8k $3.3m $3.3m 0.81% Added +331 +331
70 Keystone Financial Group 0.28% of their portfolio LEXINGTON, KY 2,7672.8k $3.1m $3.1m 0.28% Added +140 +140
71 WHALEROCK POINT PARTNERS, LLC 0.69% of their portfolio West Palm Beach, FL 2,7252.7k $3.2m $3.2m 0.69% Reduced -35 -35
72 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 2,4672.5k $2.9m $2.9m 0.01% Reduced -12 -12
73 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 2,2712.3k $2.7m $2.7m 0.00% Unchanged
74 Calamos Advisors LLC 0.01% of their portfolio NAPERVILLE, IL 2,1582.2k $2.5m $2.5m 0.01% Unchanged
75 NorthCoast Asset Management LLC 0.01% of their portfolio STAMFORD, CT 2,1562.2k $2.5m $2.5m 0.01% Reduced -109 -109
76 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 2,1402.1k $2.5m $2.5m 0.00% Reduced -147 -147
77 JRM Investment Counsel, LLC 0.79% of their portfolio OMAHA, NE 2,0992.1k $2.5m $2.5m 0.79% Reduced -4.7k -4,725
78 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 2,0742.1k $2.4m $2.4m 0.00% Reduced -18 -18
79 Curi Capital, LLC 0.05% of their portfolio CHICAGO, IL 2,0412.0k $2.4m $2.4m 0.05% Added +75 +75
80 SUMMITRY LLC 0.11% of their portfolio Foster City, CA 2,0222.0k $2.4m $2.4m 0.11% Reduced -26 -26
81 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 1,9401.9k $2.3m $2.3m 0.00% Unchanged
82 MONTAG A & ASSOCIATES INC 0.11% of their portfolio ATLANTA, GA 1,8541.9k $2.2m $2.2m 0.11% Reduced -40 -40
83 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,7701.8k $2.1m $2.1m 0.00% Reduced -447 -447
84 CSM Advisors, LLC 0.06% of their portfolio WARRENDALE, PA 1,7501.8k $2.1m $2.1m 0.06% Unchanged
85 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,7001.7k $2.0m $2.0m 0.01% Reduced -600 -600
86 McHugh Group, LLC 1.30% of their portfolio Bratenahl, OH 1,6541.7k $1.9m $1.9m 1.30% Unchanged
87 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 1,6481.6k $1.9m $1.9m 0.00% Added +273 +273
88 EVERETT HARRIS & CO /CA/ 0.02% of their portfolio LOS ANGELES, CA 1,5661.6k $1.8m $1.8m 0.02% Unchanged
89 Wilmington Savings Fund Society, FSB 0.03% of their portfolio WILMINGTON, DE 1,5371.5k $1.8m $1.8m 0.03% Unchanged
90 JT Stratford LLC 0.26% of their portfolio GAINESVILLE, GA 1,4381.4k $1.7m $1.7m 0.26% Reduced -72 -72
91 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 1,4061.4k $1.7m $1.7m 0.00% Reduced -27 -27
92 Magnus Financial Group LLC 0.14% of their portfolio NEW YORK, NY 1,3661.4k $1.6m $1.6m 0.14% Reduced -43 -43
93 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 1,3561.4k $1.6m $1.6m 0.00% Added +928 +928
94 WITTENBERG INVESTMENT MANAGEMENT, INC. 0.66% of their portfolio CARLISLE, MA 1,2941.3k $1.5m $1.5m 0.66% Unchanged
95 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,2881.3k $1.5m $1.5m 0.00% Added +11 +11
96 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 1,2161.2k $1.4m $1.4m 0.00% Reduced -10 -10
97 Bowie Capital Management, LLC 0.07% of their portfolio Richardson, TX 1,2001.2k $1.4m $1.4m 0.07% Unchanged
98 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,1791.2k $1.4m $1.4m 0.00% New
99 ICON ADVISERS INC/CO 0.30% of their portfolio GREENWOOD VILLAGE, CO 1,1121.1k $1.3m $1.3m 0.30% Reduced -1.2k -1,232
100 Paradigm Capital Management, LLC/NV 1.28% of their portfolio RENO, NV 1,1041.1k $1.3m $1.3m 1.28% Reduced -205 -205