Richard Pzena's position in Wells Fargo is currently worth $849M. That's 2.68% of their equity portfolio (13th largest holding). The first Wells Fargo trade was made in Q1 2013. Since then Richard Pzena bought shares twenty more times and sold shares on 28 occasions. The stake costed the investor $414M, netting the investor a gain of 105% so far.
As we move further into the second half of the year, many investors will find themselves repositioning to better allocate their investments to mitigate risks...