Wells Fargo’s Volatile Hedge Fund Sentiment: A 13F Filing Overview

Recent 13F filings reveal interesting trends in Wells Fargo & Co (Symbol: WFC) holdings among hedge funds as of 09/30/2024.

In this latest review of 25 recent 13F filings, we found that 12 funds were invested in WFC. This alignment among hedge fund managers warrants a closer examination of their strategies.

It is crucial to understand that 13F filings only provide part of the picture. Funds only disclose their long positions, leaving their potentially bearish short positions concealed. For example, a fund may hold shares of a stock while simultaneously betting against it through short options. This can lead to misleading conclusions about a fund’s overall sentiment regarding a stock.

Despite this limitation, analyzing groups of 13F filings can yield valuable insights, especially when comparing different holding periods.

Examining the changes in WFC positions, we note that four funds increased their holdings from 06/30/2024 to 09/30/2024, while five funds reduced theirs.

Widening our focus beyond these specific funds, we calculated the total share count of WFC held by all funds reporting on 09/30/2024, compared to the previous reporting period of 06/30/2024. Among the 2,613 funds analyzed, the total number of shares rose from 81,503,085 to 82,681,406—an increase of 1,178,321 shares or roughly 1.45%. The largest hedging funds holding WFC as of the latest filing included:

We will continue to monitor the latest 13F filings from hedge fund managers and share key insights observed from the aggregate data across different time periods. While individual filings may not tell the whole story, studying overall trends can highlight valuable stock opportunities worthy of further investigation, like Wells Fargo & Co (Symbol: WFC).

10 S&P 500 Components Hedge Funds Are Buying »

Also see:

• TFPM Dividend History
• Institutional Holders of DHIL
• Funds Holding FTA

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.