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 | |
|---|---|---|---|---|---|---|
276
Magna International
MGA
$18.6B
| $621M | 0.07% |
11,005,368
-9,007
| -0.1% | -$478K |
|
277
Freeport-McMoran
FCX
$96.9B
| $617M | 0.06% |
15,433,280
-4,432,987
| -22% | -$169M |
|
278
Invesco Preferred ETF
PGX
$3.76B
| $614M | 0.06% |
54,021,312
+1,703,060
| +3% | +$19.3M |
|
279
Vanguard Morningstar Large-Cap ETF
VV
$54.5B
| $607M | 0.06% |
2,993,258
+25,924
| +0.9% | +$4.97M |
|
280
Regeneron Pharmaceuticals
REGN
$82.2B
| $603M | 0.06% |
838,545
-108,865
| -11% | -$83.9M |
|
281
Genuine Parts
GPC
$18.5B
| $600M | 0.06% |
3,548,075
+1,697,123
| +92% | +$278M |
|
282
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$17.3B
| $598M | 0.06% |
8,975,679
+316,104
| +4% | +$20.1M |
|
283
Vanguard Total International Stock ETF
VXUS
$164B
| $595M | 0.06% |
10,602,834
-638,136
| -6% | -$35.7M |
|
284
W.W. Grainger
GWW
$61.5B
| $593M | 0.06% |
752,312
-283,357
| -27% | -$195M |
|
285
Equinix
EQIX
$105B
| $592M | 0.06% |
755,629
-57,399
| -7% | -$42M |
|
286
Phillips 66
PSX
$90B
| $591M | 0.06% |
6,198,531
-660,866
| -10% | -$64.2M |
|
287
Norfolk Southern
NSC
$75.3B
| $587M | 0.06% |
2,588,873
-127,919
| -5% | -$27.2M |
|
288
iShares Russell Mid-Cap Growth ETF
IWP
$21B
| $586M | 0.06% |
6,062,697
-98,638
| -2% | -$8.99M |
|
289
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $585M | 0.06% |
7,794,750
-10,794,717
| -58% | -$806M |
|
290
Global X US Infrastructure Development ETF
PAVE
$14.3B
| $580M | 0.06% |
18,454,458
+2,458,092
| +15% | +$69.8M |
|
291
Valero Energy
VLO
$95.1B
| $579M | 0.06% |
4,935,824
-4,453,434
| -47% | -$518M |
|
292
PayPal
PYPL
$50.6B
| $578M | 0.06% |
8,654,786
-1,218,274
| -12% | -$83.1M |
|
293
Marvell Technology
MRVL
$195B
| $577M | 0.06% |
9,644,335
-363,863
| -4% | -$17.7M |
|
294
Dominion Energy
D
$59.8B
| $576M | 0.06% |
11,126,145
-282,933
| -2% | -$15.4M |
|
|
295
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $569M | 0.06% |
7,575,000
-1,425,000
| -16% | -$106M |
|
296
Sanofi
SNY
$105B
| $563M | 0.06% |
10,440,890
-186,049
| -2% | -$10M |
|
|
HDV
297
iShares Core High Dividend ETF
HDV
$15B
| $562M | 0.06% |
27,873,550
-2,634,915
| -9% | -$53M |
|
298
State Street Materials Select Sector SPDR ETF
XLB
$8.61B
| $556M | 0.06% |
13,412,122
+584,134
| +5% | +$23.2M |
|
299
iShares Core S&P Total US Stock Market ETF
ITOT
$97.8B
| $555M | 0.06% |
5,669,164
-139,313
| -2% | -$12.9M |
|
300
iShares 3-7 Year Treasury Bond ETF
IEI
$17.7B
| $550M | 0.06% |
4,775,570
-639,331
| -12% | -$74.9M |
|
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.