Do Hedge Funds Love Wells Fargo & Co (WFC)?

What have hedge funds been doing with Wells Fargo & Co (NYSE:WFC)?

Heading into 2016, a total of 85 of the hedge funds tracked by Insider Monkey held long positions in this stock, unchanged over the quarter. With the smart money’s sentiment swirling, there exists a select group of key hedge fund managers who were increasing their holdings considerably (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Warren Buffett’s Berkshire Hathaway has the biggest position in Wells Fargo & Co (NYSE:WFC), worth close to $26.08 billion, corresponding to 19.8% of its total 13F portfolio. On Berkshire Hathaway’s heels is Fisher Asset Management, led by Ken Fisher, holding a $1.03 billion position; 2% of its 13F portfolio is allocated to the company. Remaining peers that are bullish include Tom Russo’s Gardner Russo & Gardner, Alex Snow’s Lansdowne Partners and Patrick Degorce’s Theleme Partners.