Decision Timeline

WFC, decision by decision.

Not just who owns it now. This is the sequence of material choices managers reported, when each choice became visible, and the observed result after disclosure.

Material decisions: 27
Buy / add: 5
Trim / exit: 22

The cohort disagreed in Q2 2026.

At least one tracked manager bought or added while another trimmed or exited. The disagreement is the signal; it is not collapsed into a consensus score.

Eight-quarter evidence

8 reported quarters

Q2 2026
filed Sep 2, 2026
64d lag
ADD+198.9%
Joel Greenblatt · 0.3% of reported portfolio
Original SEC filing ↗
-9.6% vs SPY
21 sessions after disclosure
direction not supported so far
Q2 2026
filed Aug 14, 2026
45d lag
TRIM-36.1%
Mairs & Power Funds · 1.1% of reported portfolio
Original SEC filing ↗
-8.0% vs SPY
34 sessions after disclosure
direction supported so far
Q2 2026
filed Jul 7, 2026
7d lag
EXITEXIT
Robert Olstein · 1.1% of reported portfolio
Original SEC filing ↗
-8.9% vs SPY
62 sessions after disclosure
direction supported so far
Q1 2026
filed May 14, 2026
44d lag
TRIM-21.0%
Mairs & Power Funds · 1.6% of reported portfolio
Original SEC filing ↗
+16.4% vs SPY
63 sessions after disclosure
direction not supported so far
Q1 2026
filed May 14, 2026
44d lag
TRIM-21.4%
First Pacific Advisors · 1.4% of reported portfolio
Original SEC filing ↗
+16.4% vs SPY
63 sessions after disclosure
direction not supported so far
Q4 2025
filed Feb 17, 2026
48d lag
TRIM-20.4%
Mairs & Power Funds · 1.7% of reported portfolio
Original SEC filing ↗
-23.5% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2025
filed Feb 17, 2026
48d lag
ADD+98.9%
Joel Greenblatt · 0.2% of reported portfolio
Original SEC filing ↗
-23.5% vs SPY
63 sessions after disclosure
direction not supported so far
Q3 2025
filed Nov 14, 2025
45d lag
ADD+776.3%
Joel Greenblatt · 0.1% of reported portfolio
Original SEC filing ↗
+3.3% vs SPY
63 sessions after disclosure
direction supported so far
Q3 2025
filed Nov 13, 2025
44d lag
TRIM-36.5%
First Pacific Advisors · 2.3% of reported portfolio
Original SEC filing ↗
+1.3% vs SPY
63 sessions after disclosure
direction not supported so far
Q3 2025
filed Nov 13, 2025
44d lag
TRIM-23.4%
Dodge & Cox Funds · 2.3% of reported portfolio
Original SEC filing ↗
+1.3% vs SPY
63 sessions after disclosure
direction not supported so far
Q2 2025
filed Aug 14, 2025
45d lag
TRIM-97.0%
Joel Greenblatt · 0.4% of reported portfolio
Original SEC filing ↗
+6.0% vs SPY
63 sessions after disclosure
direction not supported so far
Q2 2025
filed Aug 1, 2025
32d lag
TRIM-22.6%
First Pacific Advisors · 3.0% of reported portfolio
Original SEC filing ↗
+3.5% vs SPY
63 sessions after disclosure
direction not supported so far
Q1 2025
filed May 15, 2025
45d lag
EXITEXIT
Lee Ainslie · 2.7% of reported portfolio
Original SEC filing ↗
-6.8% vs SPY
63 sessions after disclosure
direction supported so far
Q1 2025
filed May 6, 2025
36d lag
TRIM-30.3%
First Pacific Advisors · 3.8% of reported portfolio
Original SEC filing ↗
-6.5% vs SPY
63 sessions after disclosure
direction supported so far
Q1 2025
filed May 2, 2025
32d lag
TRIM-28.9%
Richard Pzena · 3.3% of reported portfolio
Original SEC filing ↗
-6.7% vs SPY
63 sessions after disclosure
direction supported so far
Q1 2025
filed Apr 30, 2025
30d lag
TRIM-85.0%
Yacktman Asset Management · 0.9% of reported portfolio
Original SEC filing ↗
-0.6% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2024
filed Feb 14, 2025
45d lag
EXITEXIT
Hillman Capital Management · 3.1% of reported portfolio
Original SEC filing ↗
-2.6% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2024
filed Feb 14, 2025
45d lag
NEWNEW
Lee Ainslie · 2.7% of reported portfolio
Original SEC filing ↗
-2.6% vs SPY
63 sessions after disclosure
direction not supported so far
Q4 2024
filed Feb 14, 2025
45d lag
TRIM-31.4%
Bill Nygren · 1.6% of reported portfolio
Original SEC filing ↗
-2.6% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2024
filed Feb 14, 2025
45d lag
ADD+119.2%
Joel Greenblatt · 0.3% of reported portfolio
Original SEC filing ↗
-2.6% vs SPY
63 sessions after disclosure
direction not supported so far
Q4 2024
filed Feb 12, 2025
43d lag
TRIM-20.7%
Tweedy Browne · 2.3% of reported portfolio
Original SEC filing ↗
+0.6% vs SPY
63 sessions after disclosure
direction not supported so far
Q4 2024
filed Feb 7, 2025
38d lag
TRIM-39.5%
Christopher Davis · 4.5% of reported portfolio
Original SEC filing ↗
-1.5% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2024
filed Feb 7, 2025
38d lag
TRIM-28.5%
First Pacific Advisors · 4.1% of reported portfolio
Original SEC filing ↗
-1.5% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2024
filed Jan 29, 2025
29d lag
TRIM-42.2%
Yacktman Asset Management · 1.1% of reported portfolio
Original SEC filing ↗
-1.4% vs SPY
63 sessions after disclosure
direction supported so far
Q4 2024
filed Jan 21, 2025
21d lag
TRIM-28.2%
Robert Olstein · 1.2% of reported portfolio
Original SEC filing ↗
-1.4% vs SPY
63 sessions after disclosure
direction supported so far
Q3 2024
filed Nov 14, 2024
45d lag
TRIM-39.7%
Joel Greenblatt · 0.2% of reported portfolio
Original SEC filing ↗
+3.6% vs SPY
63 sessions after disclosure
direction not supported so far
Q3 2024
filed Oct 30, 2024
30d lag
TRIM-26.6%
Yacktman Asset Management · 1.4% of reported portfolio
Original SEC filing ↗
+15.6% vs SPY
63 sessions after disclosure
direction not supported so far

Latticework Follow

Follow WFC

Email me only when a reviewed weekly edition contains a material new decision about WFC: a new position, exit, or a large share-count change that also clears the size threshold. There may be quiet weeks.

Confirm by email. Manage or stop follows in one click. See our privacy notice.

Material means a new or exited position, or at least a 20% share-count change, with at least 0.5% portfolio weight or $100 million reported value. Share counts are adjusted for confirmed splits. Outcomes start after disclosure, not at an invented trade date, and are not manager returns.