Dodge & Cox Reduces Stake in Wells Fargo

Investment firm cuts holdings in financial services provider by 23.4%

Mar. 14, 2026 at 8:09am by Ben Kaplan

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Dodge & Cox, a major institutional investor, has decreased its position in Wells Fargo & Company (NYSE:WFC) by 23.4% in the third quarter, according to a recent SEC filing. The firm now owns 38,887,925 shares of the financial services provider's stock, down from 50,745,861 shares previously.

Why it matters

Dodge & Cox's reduced stake in Wells Fargo could signal broader investor concerns about the bank's performance and outlook. As a top 20 holding for the investment firm, changes in its Wells Fargo position are noteworthy and may influence other investors' views on the stock.

The details

According to the 13F filing, Dodge & Cox sold 11,857,936 shares of Wells Fargo during the third quarter. The firm's remaining 38,887,925 shares represent about 1.24% ownership of the bank. Wells Fargo now comprises around 1.8% of Dodge & Cox's total investment portfolio, down from 2.4% previously.

  • Dodge & Cox decreased its Wells Fargo position in the third quarter of 2026.

The players

Dodge & Cox

A major institutional investment management firm based in San Francisco.

Wells Fargo & Company

A diversified financial services company headquartered in San Francisco.

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The takeaway

Dodge & Cox's reduced stake in Wells Fargo suggests potential investor concerns about the bank's outlook, which could influence broader sentiment around the stock. The move highlights the importance of monitoring changes in ownership by major institutional investors.