Does Berkshire own Wells Fargo?
No, Berkshire Hathaway does not own Wells Fargo. After decades of holding a substantial stake in the company, Berkshire Hathaway began reducing its position several years ago and completed the full sale of its remaining shares in 2022. Consequently, Berkshire Hathaway holds no equity interest in Wells Fargo today. This complete divestment was part of a broader shift in Berkshire Hathaway's investment portfolio, which saw the conglomerate move away from its long-term commitment to Wells Fargo as its primary bank investment.
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