Wells Fargo Shares Sold by Picton Mahoney Asset Management

Institutional investor trims stake in financial services giant

Published on Mar. 6, 2026

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Picton Mahoney Asset Management has reduced its holdings in Wells Fargo & Company (NYSE:WFC) by 85.1% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 56,415 shares of the financial services provider's stock, down from a previous position of 377,649 shares.

Why it matters

This move by Picton Mahoney Asset Management reflects broader trends in the financial services industry, as institutional investors reassess their positions in major banks like Wells Fargo amid ongoing regulatory scrutiny and economic uncertainty. The reduced stake could signal a shift in investor sentiment towards the company.

The details

According to the 13F filing, Picton Mahoney Asset Management sold 321,234 shares of Wells Fargo during the third quarter, leaving the firm with a remaining position valued at $4.7 million. The move comes as Wells Fargo continues to navigate a range of challenges, including the fallout from its fake accounts scandal and the economic impacts of the COVID-19 pandemic.

  • Picton Mahoney Asset Management filed the 13F report in the third quarter of 2026.

The players

Picton Mahoney Asset Management

An institutional investment firm that has reduced its stake in Wells Fargo & Company.

Wells Fargo & Company

A major U.S. financial services company headquartered in San Francisco, California.

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The takeaway

This reduction in Picton Mahoney's Wells Fargo holdings reflects the ongoing challenges facing the bank and the broader uncertainty in the financial services industry. Investors will be closely watching to see how Wells Fargo navigates these issues in the coming quarters.