Berkshire Hathaway Now Owns 10% of Wells Fargo by BRK Rumors

[buffett]

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.

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...