Does Berkshire Hathaway own Wesco?
Berkshire Hathaway was a major, long-term shareholder of Wells Fargo for over 30 years, building a significant stake that at one time made it the bank's largest shareholder. However, over the past several years, Berkshire Hathaway has steadily sold off its entire position in Wells Fargo. By 2022, Warren Buffett’s firm had fully exited its investment in the bank, meaning that Berkshire Hathaway no longer owns any shares of Wells Fargo. This decision marked the end of one of Berkshire's most famous and long-standing investments in the financial sector, as the firm pivoted its portfolio to other assets and banking institutions.
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