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Big Fidelity Investor In Wells Fargo Trimmed Position In September

TedTed
in The Bullpen
FYI: Fidelity Contrafund, one of the largest investors in Wells Fargo & Co (WFC.N), reduced its stake in the scandal-hit bank by 5 percent in September, according to the fund's latest holdings report.

Run by star portfolio manager Will Danoff, Contrafund had a $2.2 billion stake in Wells Fargo, or about 50.1 million shares, at the end of September, according to a report released on Sunday. The fund owned about 52.65 million shares at the end of August
Regards,
Ted
http://www.reuters.com/article/us-funds-wellsfargo-fidelity-idUSKBN12V1K8
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