Core Insights - Wells Fargo (WFC.US) reported a total market value of $483 billion for its Q2 2025 holdings, reflecting a 9.77% increase from the previous quarter's $440 billion [1][2] - The bank added 577 new stocks to its portfolio, increased holdings in 3,322 stocks, reduced holdings in 2,427 stocks, and completely sold out of 474 stocks [1][2] - The top ten holdings accounted for 19.82% of the total market value [1][2] Holdings Overview - The largest holding is Microsoft (MSFT.US) with approximately 33.1 million shares valued at about $16.46 billion, representing 3.41% of the portfolio [2][4] - SPDR S&P 500 ETF (SPY.US) is the second-largest holding, with around 20.04 million shares valued at approximately $12.38 billion, showing a significant increase of 47.29% in shares held [2][4] - Apple (AAPL.US) ranks third with about 57.76 million shares valued at approximately $11.85 billion, a slight increase of 0.56% [2][4] Changes in Holdings - The top five purchases included SPY, Microsoft, Invesco QQQ Trust put options (QQQ.US, PUT), Google (GOOGL.US), and Meta Platforms (META.US) [6] - The top five sales included UnitedHealth (UNH.US), Invesco QQQ Trust (QQQ.US), SPY put options, Target (TGT.US), and Johnson & Johnson (JNJ.US) [5][6] - Notably, Broadcom (AVGO.US) entered the top ten holdings for the first time, indicating a strategic focus on AI chip assets [6][7] Risk Management Strategies - Wells Fargo demonstrated a defensive strategy by increasing its holdings in bond ETFs (AGG.US) and essential consumer stocks like Costco (COST.US) to enhance portfolio stability [6][7] - The bank aggressively increased its position in Nasdaq 100 put options by 92.25% while reducing its holdings in Invesco QQQ Trust by 30.66%, signaling a cautionary stance on high valuations in the tech sector [6][7]

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]

Core Insights - Morgan Stanley's first quarter 13F filing shows a total market value of $1.37 trillion, up from $1.34 trillion in the previous quarter, indicating a growth of 6.05% in inflows [1][2] - The fund added 605 new stocks, increased holdings in 2,772 stocks, reduced holdings in 3,431 stocks, and completely sold out of 691 stocks, with the top ten holdings accounting for 22.67% of the total market value [1][2] Holdings Overview - The top five holdings include Microsoft (MSFT) with 142 million shares valued at approximately $53.31 billion, Nvidia (NVDA) with 421 million shares valued at about $45.64 billion, Apple (AAPL) with 199 million shares valued at around $44.15 billion, Amazon (AMZN) with 200 million shares valued at approximately $38.10 billion, and Meta (META) with 58 million shares valued at about $33.54 billion [3][4][5] - The top ten holdings also feature SPDR S&P 500 ETF (SPY), Mastercard (MA), Google (GOOG), Broadcom (AVGO), and Vanguard S&P 500 ETF (VOO) [4][5] Trading Activity - The top five purchases by percentage change in the portfolio include Visa (V), Walmart (WMT), Johnson & Johnson (JNJ), Philip Morris (PM), and Meta [6][7] - The top five sales by largest value include Tesla put options, SPDR S&P 500 ETF put options, Taiwan Semiconductor (TSM), SPDR Gold Shares ETF put options, and Honeywell (HON) [6][7]