A spokesman for Wells Fargo denied the company owns shares of GEO or CCA or that it is invested in either company. "Wells Fargo Advantage Funds currently holds a small position in mutual funds that we administer as a trustee on behalf of fund shareholders. Wells Fargo is not the owner. Public filings and website listings can give the incorrect impression that Wells Fargo is an owner of a company's stock – we are not. These shares are owned by various Wells Fargo mutual funds. Wells Fargo is not a beneficial owner of these mutual funds, but serves as an adviser," he said.