Berkshire Hathaway Now Owns 10% of Wells Fargo by 

Get The Full Warren Buffett Series in PDF

Get the entire 10-part series on Warren Buffett in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

A recent Form 3 filing with the SEC reveals that Berkshire Hathaway’s total stake in Wells Fargo & Co. has risen to 504.3 million shares, representing a 10% stake in the common stock of Wells Fargo.

Berkshire Hathaway Now Owns 10% of Wells Fargo b

As noted in a previous article, due to regulations (here is a slightly more readable breakdownof the regulatory language), Berkshire cannot buy more than 10% of the bank – it’s ownership in Wells Fargo, or any other bank, can only grow by share count reductions once a 10% ownership stake limit is hit.

This same restriction applies to Berkshire Hathaway’s stake in American Express, as the credit card company converted into a bank holding company during the 2008-2009 financial crisis.