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 | |
|---|---|---|---|---|---|---|
376
iShares US Home Construction ETF
ITB
$2.34B
| $393M | 0.04% |
4,603,076
-977,695
| -18% | -$74.3M |
|
377
Dollar General
DG
$26.4B
| $392M | 0.04% |
2,306,464
-259,059
| -10% | -$51.2M |
|
378
American Water Works
AWK
$26.8B
| $389M | 0.04% |
2,723,613
-218,850
| -7% | -$32.1M |
|
379
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.1B
| $389M | 0.04% |
11,013,921
+500,133
| +5% | +$17.5M |
|
380
NewMarket
NEU
$8.59B
| $389M | 0.04% |
966,246
-6,887
| -0.7% | -$2.69M |
|
381
Corteva
CTVA
$50.4B
| $387M | 0.04% |
6,755,099
-503,261
| -7% | -$29.4M |
|
382
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.3B
| $386M | 0.04% |
7,703,399
-439,289
| -5% | -$22.1M |
|
383
iShares 0-1 Year Treasury Bond ETF
SHV
$20.6B
| $385M | 0.04% |
3,488,426
-211,946
| -6% | -$23.4M |
|
384
Marriott International
MAR
$92.5B
| $384M | 0.04% |
2,089,871
-426,849
| -17% | -$74.1M |
|
385
Vanguard Health Care ETF
VHT
$19B
| $383M | 0.04% |
1,565,915
-110,488
| -7% | -$26.9M |
|
386
Janus Henderson AAA CLO ETF
JAAA
$29.8B
| $383M | 0.04% |
7,675,653
+1,321,524
| +21% | +$65.5M |
|
387
iShares Global Consumer Staples ETF
KXI
$1.06B
| $383M | 0.04% |
6,251,699
+229,400
| +4% | +$14.3M |
|
388
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.68B
| $382M | 0.04% |
2,967,220
-355,674
| -11% | -$44.6M |
|
389
Otis Worldwide
OTIS
$28.2B
| $379M | 0.04% |
4,259,750
-699,997
| -14% | -$59M |
|
390
iShares International Select Dividend ETF
IDV
$8.51B
| $379M | 0.04% |
14,384,183
-964,298
| -6% | -$26.3M |
|
391
First Trust Value Line Dividend Fund
FVD
$8.36B
| $379M | 0.04% |
9,445,752
-882,598
| -9% | -$35.3M |
|
392
Trane Technologies
TT
$105B
| $377M | 0.04% |
1,971,228
-453,441
| -19% | -$80.5M |
|
393
MPLX
MPLX
$60.8B
| $371M | 0.04% |
10,917,994
-726,427
| -6% | -$24.8M |
|
394
United Rentals
URI
$70.3B
| $370M | 0.04% |
829,654
-94,658
| -10% | -$35.1M |
|
395
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.56B
| $369M | 0.04% |
9,791,395
-5,773,250
| -37% | -$213M |
|
396
Invesco S&P 500 Equal Weight Technology ETF
RSPT
$5.95B
| $366M | 0.04% |
12,451,510
+7,705,670
| +162% | +$211M |
|
397
Illumina
ILMN
$29.1B
| $363M | 0.04% |
1,990,616
+70,915
| +4% | +$14.4M |
|
398
DexCom
DXCM
$34.3B
| $362M | 0.04% |
2,814,852
-286,301
| -9% | -$34.6M |
|
399
Cheniere Energy
LNG
$55.4B
| $360M | 0.04% |
2,363,271
-335,213
| -12% | -$49.6M |
|
400
Aptiv
APTV
$10.1B
| $359M | 0.04% |
3,516,278
-158,574
| -4% | -$15.7M |
|
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.