Core Insights - Wells Fargo (WFC.US) reported a total market value of $440 billion in its Q1 2025 13F filing, showing a slight decrease from $443 billion in the previous quarter, indicating stability in its holdings [1][2] Holdings Summary - The bank added 470 new stocks and increased its position in 3,422 stocks while reducing holdings in 2,294 stocks and completely selling out of 519 stocks [1][2] - The top ten holdings accounted for 18.06% of the total market value [1][2] Top Holdings - Apple (AAPL.US) remains the largest holding with approximately 57.44 million shares valued at about $12.76 billion, representing 2.90% of the portfolio, despite a 0.82% decrease in shares [3][4] - Microsoft (MSFT.US) is the second-largest holding with around 32.83 million shares valued at approximately $12.33 billion, making up 2.80% of the portfolio, with a 3.66% reduction in shares [3][4] - The iShares S&P 500 ETF (IVV.US) ranks third with about 17.76 million shares valued at around $9.98 billion, accounting for 2.27% of the portfolio, down by 0.53% [3][4] - SPDR S&P 500 ETF (SPY.US) is fourth with approximately 13.61 million shares valued at $7.61 billion, showing a 4.83% increase in shares [3][4] - iShares Core Total U.S. Stock Market ETF (ITOT.US) is fifth with about 58.59 million shares valued at $7.15 billion, reflecting a 5.98% increase in shares [3][4] Trading Activity - The top five purchases included Invesco QQQ Trust (QQQ.US), iShares Russell 2000 ETF call options (IWM.US, CALL), Meta Platforms (META.US), iShares Core MSCI EAFE ETF (IEFA.US), and Berkshire Hathaway Class B (BRK.B.US) [4][6] - The top five sales included Microsoft, Apple, iShares Russell 2000 ETF (IWM.US), SPDR S&P 500 ETF put options (SPY.US, PUT), and SPDR S&P 500 ETF call options (SPY.US, CALL) [5][6] - The bank adjusted its positions in major tech stocks, selling Microsoft and Apple while increasing holdings in Nvidia, Amazon, Google, and Meta [6]