Apple and IBM Top Wells Fargo Co.’s Favorite Q3 Tech Stocks

Wall St. Watchdog reveals information regarding Wells Fargo Co.’s top holdings in the Technology sector for the quarter ending September 30th, 2011. The firm held 719 stocks in the Technology sector at the end of the quarter with an aggregate market value of $20.952 billion.

  • Apple Inc. (NASDAQ:AAPL): On 06/30/2011, Wells Fargo Co. reported holding 7,290,334 shares with a market value of $2,447,146,512. This comprised 1.68% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 7,442,438 shares with a market value of $2,837,950,513. This comprised 2.33% of the total portfolio. The net change in shares for this position over the two quarters is 152,104. About Company: Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.
  • International Business Machines (NYSE:IBM): On 06/30/2011, Wells Fargo Co. reported holding 8,951,627 shares with a market value of $1,535,651,639. This comprised 1.06% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 8,579,454 shares with a market value of $1,500,289,079. This comprised 1.23% of the total portfolio. The net change in shares for this position over the two quarters is -372,173. About Company: International Business Machines Corporation provides computer solutions through the use of advanced information technology. The Company’s solutions include technologies, systems, products, services, software, and financing. IBM offers its products through its global sales and distribution organization, as well as through a variety of third party distributors and resellers.
  • Qualcomm Incorporated (NASDAQ:QCOM): On 06/30/2011, Wells Fargo Co. reported holding 18,983,179 shares with a market value of $1,078,054,753. This comprised 0.74% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 18,274,797 shares with a market value of $888,703,398. This comprised 0.73% of the total portfolio. The net change in shares for this position over the two quarters is -708,382. About Company: QUALCOMM, Inc. develops and manufactures digital wireless communications equipment. The Company licenses its Code Division Multiple Access (CDMA) intellectual property to other companies, and produces CDMA-based integrated circuits; equipment and software used to track workers and assets; software for wireless content enablement; and offers services to deliver multimedia content.
  • Oracle Corp. (NASDAQ:ORCL): On 06/30/2011, Wells Fargo Co. reported holding 32,102,292 shares with a market value of $1,056,486,425. This comprised 0.73% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 30,483,442 shares with a market value of $876,094,116. This comprised 0.72% of the total portfolio. The net change in shares for this position over the two quarters is -1,618,850. About Company: Oracle Corporation supplies software for enterprise information management. The Company offers databases and relational servers, application development and decision support tools, and enterprise business applications. Oracle’s software runs on network computers, personal digital assistants, set-top devices, PCs, workstations, minicomputers, mainframes, and massively parallel computers.
  • Emc Corporation (NYSE:EMC): On 06/30/2011, Wells Fargo Co. reported holding 36,960,861 shares with a market value of $1,018,271,692. This comprised 0.7% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 38,439,115 shares with a market value of $806,837,015. This comprised 0.66% of the total portfolio. The net change in shares for this position over the two quarters is 1,478,254. About Company: EMC Corporation provides enterprise storage systems, software, networks, and services. The Company’s products store, retrieve, manage, protect, and share information from all major computing environments and mainframe platforms. EMC operates offices around the world.
  • Google Inc. (NASDAQ:GOOG): On 06/30/2011, Wells Fargo Co. reported holding 1,003,630 shares with a market value of $508,218,164. This comprised 0.35% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 1,377,569 shares with a market value of $709,503,107. This comprised 0.58% of the total portfolio. The net change in shares for this position over the two quarters is 373,939. About Company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches.
  • Microsoft Corporation (NASDAQ:MSFT): On 06/30/2011, Wells Fargo Co. reported holding 28,010,866 shares with a market value of $728,282,516. This comprised 0.5% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 27,282,833 shares with a market value of $679,069,697. This comprised 0.56% of the total portfolio. The net change in shares for this position over the two quarters is -728,033. About Company: Microsoft Corporation develops, manufactures, licenses, sells, and supports software products. The Company offers operating system software, server application software, business and consumer applications software, software development tools, and Internet and intranet software. Microsoft also develops video game consoles and digital music entertainment devices.
  • Cognizant Technology Solutions Corp. (NASDAQ:CTSH): On 06/30/2011, Wells Fargo Co. reported holding 8,021,060 shares with a market value of $588,264,511. This comprised 0.4% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 10,008,571 shares with a market value of $627,537,409. This comprised 0.52% of the total portfolio. The net change in shares for this position over the two quarters is 1,987,511. About Company: Cognizant Technology Solutions Corporation provides custom Information Technology (NYSE:IT) consulting and technology services as well as outsourcing services. The Company’s core competencies include technology strategy consulting, complex systems development, enterprise software package implementation and maintenance, data warehousing and business intelligence.
  • Intel Corporation (NASDAQ:INTC): On 06/30/2011, Wells Fargo Co. reported holding 26,853,831 shares with a market value of $595,080,891. This comprised 0.41% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 27,542,470 shares with a market value of $587,756,314. This comprised 0.48% of the total portfolio. The net change in shares for this position over the two quarters is 688,639. About Company: Intel Corporation designs, manufactures, and sells computer components and related products. The Company’s major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, network and communications products, systems management software, conferencing products, and digital imaging products.
  • At&t Inc. (NYSE:T): On 06/30/2011, Wells Fargo Co. reported holding 19,598,066 shares with a market value of $615,575,250. This comprised 0.42% of the total portfolio. On 09/30/2011, Wells Fargo Co. reported holding 20,212,216 shares with a market value of $576,452,410. This comprised 0.47% of the total portfolio. The net change in shares for this position over the two quarters is 614,150. About Company: AT&T Inc. is a communications holding company. The Company, through its subsidiaries and affiliates, provides local and long-distance phone service, wireless and data communications, Internet access and messaging, IP-based and satellite television, security services, telecommunications equipment, and directory advertising and publishing.

(Note: Data regarding Wells Fargo Co.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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