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 | |
|---|---|---|---|---|---|---|
301
VanEck High Yield Muni ETF
HYD
$4.4B
| $547M | 0.06% |
10,663,367
+47,460
| +0.4% | +$2.43M |
|
302
Vulcan Materials
VMC
$36.3B
| $542M | 0.06% |
2,402,580
-49,006
| -2% | -$9.39M |
|
303
iShares Preferred and Income Securities ETF
PFF
$13.3B
| $540M | 0.06% |
17,463,703
+1,453,338
| +9% | +$44.5M |
|
304
American Electric Power
AEP
$67.9B
| $538M | 0.06% |
6,390,753
-968,858
| -13% | -$85.6M |
|
305
Schwab US Dividend Equity ETF
SCHD
$107B
| $535M | 0.06% |
22,105,425
-1,168,209
| -5% | -$27.9M |
|
306
TC Energy
TRP
$66.3B
| $533M | 0.06% |
13,188,540
-8,647,035
| -40% | -$353M |
|
307
CALL
Alphabet (Google) Class C
GOOG
$4.19T
| $533M | 0.06% |
4,404,600
+565,400
| +15% | +$65.4M |
|
308
Travelers Companies
TRV
$77.2B
| $533M | 0.06% |
3,066,587
+216,466
| +8% | +$38.2M |
|
309
Shopify
SHOP
$194B
| $532M | 0.06% |
8,227,811
-1,473,515
| -15% | -$83.3M |
|
310
WEC Energy
WEC
$35.6B
| $526M | 0.06% |
5,965,934
-310,125
| -5% | -$28.7M |
|
311
Unilever
UL
$133B
| $524M | 0.05% |
8,936,204
-345,283
| -4% | -$20.5M |
|
312
Fastenal
FAST
$59.9B
| $524M | 0.05% |
17,761,888
+2,039,882
| +13% | +$55.8M |
|
313
ON Semiconductor
ON
$32.4B
| $520M | 0.05% |
5,493,909
-1,345,275
| -20% | -$111M |
|
314
TE Connectivity
TEL
$62B
| $513M | 0.05% |
3,661,200
-317,178
| -8% | -$40.1M |
|
315
iShares US Technology ETF
IYW
$25.4B
| $511M | 0.05% |
4,697,570
+258,892
| +6% | +$25.4M |
|
316
iShares 0-3 Month Treasury Bond ETF
SGOV
$101B
| $511M | 0.05% |
5,074,314
+728,375
| +17% | +$73.1M |
|
317
Edwards Lifesciences
EW
$53.6B
| $506M | 0.05% |
5,366,085
+84,134
| +2% | +$7.31M |
|
318
Novartis
NVS
$290B
| $504M | 0.05% |
4,994,985
-2,609,696
| -34% | -$261M |
|
319
Packaging Corp of America
PKG
$22.8B
| $499M | 0.05% |
3,776,477
-706,135
| -16% | -$94.3M |
|
320
Uber
UBER
$154B
| $495M | 0.05% |
11,476,364
-1,954,461
| -15% | -$72.6M |
|
321
Entergy
ETR
$50.3B
| $494M | 0.05% |
10,142,318
-7,949,570
| -44% | -$412M |
|
322
Corning
GLW
$144B
| $493M | 0.05% |
14,080,787
-403,579
| -3% | -$13.3M |
|
323
Workday
WDAY
$43.3B
| $493M | 0.05% |
2,181,660
-249,361
| -10% | -$49.9M |
|
324
VanEck Morningstar Wide Moat ETF
MOAT
$12.3B
| $489M | 0.05% |
6,124,718
+985,194
| +19% | +$74.2M |
|
325
Kimberly-Clark
KMB
$36.2B
| $488M | 0.05% |
3,534,227
-407,647
| -10% | -$56.8M |
|
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.