On March 19, one of the most senior Republicans in Congress, Mitch McConnell, unveiled his first stock trade of 2026: a March 1 purchase of the equity of Wells Fargo (NYSE: WFC) worth up to $15,000.

Notably, the Senator has been slowly divesting from all equity other than the financial giant since 2023, and, indeed, his most recent purchase of a specific stock that wasn’t WFC took place three years ago and involved Kroger (NYSE: KR).

Furthermore, through 2025, McConnell has been clearing his position in Luminar Technologies (LAZR), selling up to $65,000 worth of the equity in two trades: the first executed on June 26 and December 24, and unveiled on July 7, 2025, and January 13, 2026.

How much WFC stock does Senator McConnell own?

Elsewhere, Senator Mitch McConnell has, over the years, accumulated a vast portfolio of Wells Fargo stock. The oldest filings referencing the equity date back to 2018, and each of the many trades was reported as valued between $1,001 and $15,000.

Overall, the Republican appears to have purchased up to $525,000 worth of WFC stock in the last nine years.

Wells Fargo stock performance since Mitch McConnell started buying WFC

Wells Fargo equity has been on a decline through 2026, and WFS shares are 19.76% down year-to-date (YTD). Their latest closing price was $76.39, while, at press time, they are changing hands at $76.45 following a 0.079% extended session rally.

On the flip side, since Senator McConnell made his first Wells Fargo stock purchase on September 7, 2017, WFC equity is up approximately 48.87%, having risen from about $51.66 to $76.45 at press time on March 20, 2026.

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