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Billionaire Warren Buffett Raises Stake in Wells Fargo & Company (WFC) to 10%

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%
Warren Buffett
Warren Buffett
Berkshire Hathaway

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.)

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