Vanguard disaggregates holdings after realignment; WFC (NYSE: WFC) shows 0 ownership

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Vanguard has filed an amendment to its Schedule 13G/A, indicating zero beneficial ownership in Wells Fargo & Co (WFC) following an internal realignment effective January 12, 2026. This change means that certain Vanguard subsidiaries will now report their holdings separately, in reliance on SEC Release No. 34-39538. The filing clarifies that this is a procedural reporting change rather than a trading event, with subsequent filings from subsidiaries expected to show any position changes.

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