Warren Buffett Likes Wells Fargo

Wells Fargo is the second biggest holding of Warren Buffett's stock portfolio. Warren Buffett knows a good bet when he sees it.

Rank Stock # of Shares
(millions)
% Weighting 
of Portfolio
(as of 12/31/10)
NEW
% Stake
in Co.
1 Coca-Cola (KO) 200.0 21.60% 8.73%
2 Wells Fargo (WFC*) 320.0 19.56% 6.51%
3 American Express (AXP) 151.6 12.28% 12.67%
4 Procter & Gamble (PG*) 79.1 9.83% 2.74%
5 Kraft Foods Inc. (KFT) 106.7 6.34% 6.02%
6 Johnson & Johnson (JNJ) 23.9 3.06% 1.55%
7 Wal-Mart (WMT) 39.0 4.26% 1.1%
8 Wesco Financial Corp. (WSC) 5.7 4.32% 80.1%
9 ConocoPhillips (COP) 34.2 3.43% 1.93%
10 US Bancorp (USB) 69.0 3.51% 3.59%
11 Washington Post Co. (WPO) 1.7 1.51% 20.46%
12 Moody's Corp. (MCO) 30.8 1.80% 12.31%
13 M&T Bank Corp. (MTB) 5.6 0.87% 4.48%
14 Costco (COST) 4.3 0.51% 0.99%
15 USG Corp. (USG) 17.1 0.58% 16.6%
16 Torchmark Corp. (TMK) 2.8 0.30% 3.53%
17 General Electric (GE) 7.8 0.28% 0.07%
18 Sanofi-Aventis (SNY) 3.9 0.29% 4.68%
19 United Parcel Service, Inc. (UPS*) 1.4 0.18% 0.14%
20 GlaxoSmithKline (GSK) 1.5 0.11% 0.06%
21 Ingersoll-Rand (IR) 5.6 0.39% 0.20%
22 Exxon Mobil (XOM) 0.4 0.06% 0.01%
23 Gannett Co., Inc. (GCI) 1.7 0.06% 0.73%
24 Comdisco Holding Co. Inc.(CDCO.OB) 1.5 0.03% 38.18%
25 Bank of New York Mellon Corp. (BK) 5.6 0.39% 0.14%
Acq Burlington Northern Santa Fe (BNI)** 0.0 0.00% 100%