Bank of America Portfolio holdings
Bank of America, founded in 1904 as the Bank of Italy by Amadeo Giannini to serve immigrants in San Francisco, is now one of the largest financial institutions in the world, headquartered in Charlotte, North Carolina, following its 1998 merger with NationsBank. It provides a broad spectrum of services, including consumer banking, wealth management (through its Merrill division), commercial banking, and investment banking, managing trillions in assets and serving millions of customers globally.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
IPG
Interpublic Group of Companies
IPG
|
+$801M |
| 2 |
Albemarle
ALB
|
+$629M |
| 3 |
Becton Dickinson
BDX
|
+$626M |
| 4 |
State Street Communication Services Select Sector SPDR ETF
XLC
|
+$526M |
| 5 |
Synchrony
SYF
|
+$400M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$4.76B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$3.1B |
| 3 |
Microsoft
MSFT
|
+$2.93B |
| 4 |
Vanguard Morningstar Value ETF
VTV
|
+$2.64B |
| 5 |
NVIDIA
NVDA
|
+$1.88B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 12.24% |
| 2 | Financials | 6.59% |
| 3 | Healthcare | 6.56% |
| 4 | Consumer Discretionary | 5.38% |
| 5 | Industrials | 5.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Diageo
DEO
$52.2B
| $850M | 0.09% |
4,899,823
-287,449
| -6% | -$51.3M |
|
227
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$48.2B
| $847M | 0.09% |
2,462,802
-396,465
| -14% | -$133M |
|
228
iShares Russell 1000 ETF
IWB
$50.2B
| $846M | 0.09% |
3,468,966
-14,455
| -0.4% | -$3.33M |
|
229
Vanguard Short-Term Bond ETF
BSV
$45.6B
| $840M | 0.09% |
11,117,222
-1,019,628
| -8% | -$77.7M |
|
230
Cigna
CI
$73.3B
| $839M | 0.09% |
2,990,733
-1,788,136
| -37% | -$466M |
|
231
Digital Realty Trust
DLR
$72.9B
| $837M | 0.09% |
7,348,672
+3,853,692
| +110% | +$381M |
|
232
Vertex Pharmaceuticals
VRTX
$133B
| $823M | 0.09% |
2,340,075
-245,069
| -9% | -$82.6M |
|
|
SCHW
233
Charles Schwab
SCHW
$189B
| $821M | 0.09% |
14,482,360
-507,869
| -3% | -$26.6M |
|
234
First Trust Cloud Computing ETF
SKYY
$3.25B
| $818M | 0.09% |
10,776,899
-2,755,756
| -20% | -$189M |
|
235
AT&T
T
$166B
| $817M | 0.09% |
51,231,768
-12,247,343
| -19% | -$209M |
|
236
Paychex
PAYX
$42.8B
| $810M | 0.08% |
7,243,485
-4,513,670
| -38% | -$494M |
|
237
Chubb
CB
$132B
| $806M | 0.08% |
4,184,924
-948,724
| -18% | -$186M |
|
238
Autodesk
ADSK
$52.7B
| $800M | 0.08% |
3,910,079
-56,997
| -1% | -$11.4M |
|
239
CALL
Alphabet (Google) Class A
GOOGL
$4.2T
| $789M | 0.08% |
6,588,200
+4,088,700
| +164% | +$471M |
|
240
iShares ESG Aware MSCI EAFE ETF
ESGD
$12.3B
| $788M | 0.08% |
10,803,013
-27,861
| -0.3% | -$2.03M |
|
241
Vanguard FTSE All-World ex-US ETF
VEU
$70.5B
| $770M | 0.08% |
14,144,105
+585,191
| +4% | +$31.7M |
|
|
242
PUT
Microsoft
MSFT
$3.66T
| $769M | 0.08% |
2,258,400
+963,400
| +74% | +$302M |
|
243
iShares Russell 2000 Value ETF
IWN
$14.6B
| $766M | 0.08% |
5,443,297
-9,919
| -0.2% | -$1.34M |
|
244
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.27B
| $761M | 0.08% |
32,242,322
+1,483,119
| +5% | +$35M |
|
245
AstraZeneca
AZN
$246B
| $756M | 0.08% |
5,279,044
+189,184
| +4% | +$27.8M |
|
246
American Tower
AMT
$79.4B
| $755M | 0.08% |
3,892,615
-819,213
| -17% | -$160M |
|
247
Aon
AON
$74.7B
| $743M | 0.08% |
2,151,712
-324,513
| -13% | -$105M |
|
248
Xcel Energy
XEL
$49.1B
| $738M | 0.08% |
11,864,778
-488,813
| -4% | -$32.6M |
|
249
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
| $737M | 0.08% |
15,662,158
-201,172
| -1% | -$9.47M |
|
250
Rockwell Automation
ROK
$50.1B
| $733M | 0.08% |
2,224,537
+246,196
| +12% | +$71.1M |
|
Similar funds
Bank of America's Q2 2023 Portfolio in Review
As of Q2 2023, Bank of America held 8,229 positions worth $954B, down 2% from $974B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Bank of America withdrew a net $74.4B in Q2 2023, closing 523 positions and reducing 4,111 holdings. Its most notable exit was Shaw Communications Inc., an estimated $512M position sold in full.
By sector, the portfolio is most concentrated in Technology at 12% of assets, down from 12% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Bank of America opened a new position in Indivior Pharmaceuticals worth $56.8M.
- Bank of America's largest Q2 2023 buy was Indivior Pharmaceuticals: 2,386,915 shares worth $56.8M.
- Bank of America added most to Interpublic Group of Companies in Q2 2023, an estimated $801M increase.
- Bank of America's biggest Q2 2023 reduction was Apple, cutting an estimated $4.76B.
- Bank of America fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $512M.
- Bank of America's ten largest holdings make up 17% of its $954B portfolio in Q2 2023.
- Bank of America opened 475 new positions and closed 523 in Q2 2023.
- Bank of America's portfolio value fell 2% quarter-over-quarter to $954B.
Based on Bank of America's 13F filing for Q2 2023, filed 14 Aug 2023.