Wells Fargo Advisor Trims Stake in Bank

Richard Bernstein Advisors reduces Wells Fargo holdings by over 50% in Q3 2025

Published on Mar. 10, 2026

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Richard Bernstein Advisors LLC, an investment management firm, reduced its stake in Wells Fargo & Company (NYSE:WFC) by 54.9% in the third quarter of 2025, according to a recent SEC filing. The firm now owns 31,230 shares of the financial services provider's stock, down from 69,170 shares previously.

Why it matters

The reduction in Wells Fargo holdings by a major institutional investor like Richard Bernstein Advisors could signal broader concerns about the bank's performance or outlook among some investors. Wells Fargo has faced regulatory scrutiny and reputation challenges in recent years, which may be impacting investor sentiment.

The details

According to the SEC filing, Richard Bernstein Advisors sold 37,940 shares of Wells Fargo stock during the third quarter. The firm's remaining stake in the bank is now valued at $2.62 million. Other hedge funds and institutional investors also made changes to their Wells Fargo positions during the quarter, with some increasing and others decreasing their holdings.

  • The SEC filing is for the third quarter of 2025.
  • Richard Bernstein Advisors sold 37,940 shares of Wells Fargo stock during that quarter.

The players

Richard Bernstein Advisors LLC

An investment management firm that reduced its stake in Wells Fargo & Company by over 50% in the third quarter of 2025.

Wells Fargo & Company

A diversified financial services company headquartered in San Francisco, California.

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The takeaway

The reduction in Wells Fargo holdings by a major investor like Richard Bernstein Advisors suggests there may be ongoing concerns about the bank's performance and outlook, even as it continues to navigate regulatory and reputational challenges.