Billionaire Warren Buffet of Berkshire Hathaway has boosted his fund’s exposure to Wells Fargo & Co (NYSE:WFC), according to a recent 13G filing with the US Securities and Exchange Commission. The filing showed that Berkshire currently owns some 504.30 million shares of Wells Fargo, which compares with 479.40 million shares it reported in its last 13F filing. Following the increase, Berkshire holds 10% of Wells Fargo’s outstanding stock. Wells Fargo represents Berkshire’s largest equity position and the increase comes after the fund added 9.41 million shares during the fourth quarter.
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During the fourth quarter of 2015, the number of funds holding shares of Wells Fargo remained unchanged and the stock was in 85 hedge funds’ portfolios at the end of the year. Berkshire owns the largest position, followed by billionaire Ken Fisher‘s Fisher Asset Management with a $1.03 billion position. Other funds bullish on the stock include Tom Russo’s Gardner Russo & Gardner, Alex Snow’s Lansdowne Partners and Patrick Degorce’s Theleme Partners.
You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Warren E. Buffett | 2,009,000 | 504,299,470 | 2,009,000 | 504,299,470 | 506,308,470 | 10.0% |
| Berkshire Hathaway Inc | 504,299,470 | 504,299,470 | 504,299,470 | 10.0% | ||
| National Indemnity Company | 309,822,034 | 309,822,034 | 309,822,034 | 6.1% | ||
| National Fire Marine Insurance Company | 57,252,270 | 57,252,270 | 57,252,270 | 1.1% | ||
| Nebraska Furniture Mart, Inc | 1,609,720 | 1,609,720 | 1,609,720 | Less than 0.1% | ||
| The Fechheimer Brothers Company | 1,700,000 | 1,700,000 | 1,700,000 | Less than 0.1% | ||
| Columbia Insurance Company | 88,348,319 | 88,348,319 | 88,348,319 | 1.7% | ||
| Precision Steel Warehouse, Inc | 800,000 | 800,000 | 800,000 | Less than 0.1% | ||
| National Liability Fire Insurance Company | 2,788,000 | 2,788,000 | 2,788,000 | Less than 0.1% | ||
| Cypress Insurance Company | 820,000 | 820,000 | 820,000 | Less than 0.1% | ||
| National Indemnity Company of the South | 460,000 | 460,000 | 460,000 | Less than 0.1% | ||
| Redwood Fire and Casualty Insurance Company | 1,475,940 | 1,475,940 | 1,475,940 | Less than 0.1% | ||
| GEICO Corporation | 36,255,200 | 36,255,200 | 36,255,200 | 0.7% | ||
| Government Employees Insurance Company | 26,646,700 | 26,646,700 | 26,646,700 | 0.5% | ||
| General Re Corporation | 24,595,200 | 24,595,200 | 24,595,200 | 0.5% | ||
| General Reinsurance Corporation | 24,595,200 | 24,595,200 | 24,595,200 | 0.5% | ||
| U.S. Investment Corporation | 3,075,000 | 3,075,000 | 3,075,000 | Less than 0.1% | ||
| Mount Vernon Fire Insurance Company | 2,045,600 | 2,045,600 | 2,045,600 | Less than 0.1% | ||
| U.S. Underwriters Insurance Company | 275,000 | 275,000 | 275,000 | Less than 0.1% | ||
| The Medical Protective Company | 10,267,000 | 10,267,000 | 10,267,000 | 0.2% | ||
| United States Liability Insurance Company | 1,030,000 | 1,030,000 | 1,030,000 | Less than 0.1% | ||
| Medical Protective Corporation | 10,267,000 | 10,267,000 | 10,267,000 | 0.2% | ||
| Central States of Omaha Companies, Inc | 1,485,000 | 1,485,000 | 1,485,000 | Less than 0.1% | ||
| Central States Indemnity Co. of Omaha | 1,485,000 | 1,485,000 | 1,485,000 | Less than 0.1% | ||
| Acme Brick Company Pension Trust | 189,475 | 189,475 | 189,475 | Less than 0.1% | ||
| Benjamin Moore Pension Trust | 598,940 | 598,940 | 598,940 | Less than 0.1% | ||
| The Buffalo News Office Pension Plan | 82,300 | 82,300 | 82,300 | Less than 0.1% | ||
| The Buffalo News Editorial Pension Plan | 130,050 | 130,050 | 130,050 | Less than 0.1% | ||
| The Buffalo News Mechanical Pension Plan | 30,955 | 30,955 | 30,955 | Less than 0.1% | ||
| The Buffalo News Drivers Distributors Pension Plan | 8,800 | 8,800 | 8,800 | Less than 0.1% | ||
| Dexter Pension Plan | 89,500 | 89,500 | 89,500 | Less than 0.1% | ||
| FlightSafety International Inc. Retirement Income Plan | 192,500 | 192,500 | 192,500 | Less than 0.1% | ||
| Fruit of the Loom Pension Trust | 353,100 | 353,100 | 353,100 | Less than 0.1% | ||
| GEICO Corporation Pension Plan Trust | 1,163,500 | 1,163,500 | 1,163,500 | Less than 0.1% | ||
| Johns Manville Corporation Master Pension Trust | 1,148,950 | 1,148,950 | 1,148,950 | Less than 0.1% | ||
| Justin Brands, Inc. Union Pension Plan Justin Brands, Inc. Pension Plan Trust | 95,200 | 95,200 | 95,200 | Less than 0.1% | ||
| Scott Fetzer Company Collective Investment Trust | 216,200 | 216,200 | 216,200 | Less than 0.1% | ||
| BH Finance | 6,812,857 | 6,812,857 | 6,812,857 | 0.1% | ||
| Berkshire Hathaway Assurance Corporation | 3,033,500 | 3,033,500 | 3,033,500 | 0.1% | ||
| Berkshire Hathaway Life Insurance Company of Nebraska | 5,250,000 | 5,250,000 | 5,250,000 | 0.1% | ||
| Berkshire Hathaway Homestate Insurance Company | 16,450,000 | 16,450,000 | 16,450,000 | 0.3% | ||
| First Berkshire Hathaway Life Insurance Company | 53,500 | 53,500 | 53,500 | Less than 0.1% | ||
| Princeton Insurance Company | 995,000 | 995,000 | 995,000 | Less than 0.1% | ||
| National Indemnity Company of MidAmerica | 404,000 | 404,000 | 404,000 | Less than 0.1% | ||
| Boat America Corporation | 186,000 | 186,000 | 186,000 | Less than 0.1% | ||
| Seaworthy Insurance Company | 186,000 | 186,000 | 186,000 | Less than 0.1% | ||
| Unione Italiana Reinsurance Company of America, Inc | 215,000 | 215,000 | 215,000 | Less than 0.1% | ||
| GEICO Advantage Insurance Company | 350,000 | 350,000 | 350,000 | Less than 0.1% | ||
| GEICO Casualty Company | 1,776,000 | 1,776,000 | 1,776,000 | Less than 0.1% | ||
| GEICO Choice Insurance Company | 350,000 | 350,000 | 350,000 | Less than 0.1% | ||
| GEICO Indemnity Company | 8,372,500 | 8,372,500 | 8,372,500 | 0.2% | ||
| Berkshire Hathaway Specialty Insurance Company | 15,146,100 | 15,146,100 | 15,146,100 | 0.3% | ||
| AmGUARD Insurance Company | 229,500 | 229,500 | 229,500 | Less than 1% | ||
| General Re Life Corporation | 2,165,000 | 2,165,000 | 2,165,000 | Less than 1% | ||
| General Star Indemnity Company | 1,432,000 | 1,432,000 | 1,432,000 | Less than 0.1% | ||
| Atlanta International Insurance Company | 57,000 | 57,000 | 57,000 | Less than 1% | ||
| California Insurance Company | 575,000 | 575,000 | 575,000 | Less than 1% | ||
| Commercial Casualty Insurance Company | 190,000 | 190,000 | 190,000 | Less than 1% | ||
| Continental Indemnity Company | 126,000 | 126,000 | 126,000 | Less than 1% | ||
| Finial Reinsurance Company | 945,000 | 945,000 | 945,000 | Less than 1% | ||
| EastGUARD Insurance Company | 97,000 | 97,000 | 97,000 | Less than 1% | ||
| General Star National Insurance Company | 113,000 | 113,000 | 113,000 | Less than 1% | ||
| Genesis Insurance Company | 170,000 | 170,000 | 170,000 | Less than 1% | ||
| Oak River Insurance Company | 383,000 | 383,000 | 383,000 | Less than 1% | ||
| NorGUARD Insurance Company | 485,000 | 485,000 | 485,000 | Less than 1% | ||
| Old United Casualty Company | 778,000 | 778,000 | 778,000 | Less than 1% | ||
| Radnor Specialty Insurance Company | 48,000 | 48,000 | 48,000 | Less than 1% | ||
| Berkshire Hathaway Direct Insurance Company | 320,000 | 320,000 | 320,000 | Less than 1% | ||
| WestGUARD Insurance Company | 620,000 | 620,000 | 620,000 | Less than 1% | ||
| Brilliant National Services, Inc | 194,000 | 194,000 | 194,000 | Less than 1% | ||
| GEICO Secure Insurance Company | 350,000 | 350,000 | 350,000 | Less than 0.1% |
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Page 1 of 102 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO § 240.13d-2
(Amendment No. 10)*
WELLS
FARGO & COMPANY
(Name of Issuer)
COMMON STOCK
(Title of
Class of Securities)
949746 10 1
(CUSIP Number)
March 16, 2016
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to
designate the rule pursuant to which this Schedule is filed:
x Rule 13d-1 (b)
¨ Rule 13d-1 (c)
¨ Rule 13d-1 (d)
| * | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be
deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (the Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes.)
