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 | |
|---|---|---|---|---|---|---|
426
iShares China Large-Cap ETF
FXI
$4.2B
| $328M | 0.03% |
12,077,323
-4,949,154
| -29% | -$139M |
|
427
Occidental Petroleum
OXY
$58.5B
| $328M | 0.03% |
5,581,769
-718,928
| -11% | -$43.1M |
|
428
Colgate-Palmolive
CL
$73.6B
| $328M | 0.03% |
4,259,963
-2,198,107
| -34% | -$170M |
|
429
Vanguard Long-Term Treasury ETF
VGLT
$10.3B
| $328M | 0.03% |
5,158,076
+248,934
| +5% | +$16M |
|
430
BCE
BCE
$21.6B
| $327M | 0.03% |
7,174,903
-355,335
| -5% | -$16.5M |
|
431
Dow Inc
DOW
$22.1B
| $327M | 0.03% |
6,137,865
-1,282,108
| -17% | -$68.1M |
|
432
CALL
State Street Financial Select Sector SPDR ETF
XLF
$59.1B
| $326M | 0.03% |
9,680,200
+2,172,200
| +29% | +$70.9M |
|
433
Canadian Pacific Kansas City
CP
$81.5B
| $326M | 0.03% |
4,039,176
-701,451
| -15% | -$55.4M |
|
434
Vanguard Materials ETF
VAW
$3.07B
| $326M | 0.03% |
1,790,038
-47,942
| -3% | -$8.38M |
|
435
MetLife
MET
$61.4B
| $326M | 0.03% |
5,761,262
-2,219,603
| -28% | -$123M |
|
436
CoStar Group
CSGP
$12.4B
| $326M | 0.03% |
3,659,002
-803,620
| -18% | -$62M |
|
437
First Trust NASDAQ Cybersecurity ETF
CIBR
$15.7B
| $324M | 0.03% |
7,129,549
-112,076
| -2% | -$4.75M |
|
438
Lamb Weston
LW
$7.3B
| $324M | 0.03% |
2,815,108
+81,731
| +3% | +$9.12M |
|
439
Chipotle Mexican Grill
CMG
$41.3B
| $322M | 0.03% |
7,518,550
-2,038,600
| -21% | -$80.6M |
|
440
SAP
SAP
$236B
| $321M | 0.03% |
2,344,735
+1,033,600
| +79% | +$137M |
|
441
Hershey
HSY
$37B
| $320M | 0.03% |
1,282,266
-641,093
| -33% | -$168M |
|
442
BP
BP
$111B
| $320M | 0.03% |
9,062,750
+709,600
| +8% | +$26.3M |
|
443
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.4B
| $319M | 0.03% |
6,349,826
-1,494,525
| -19% | -$75M |
|
444
Ralph Lauren
RL
$23.6B
| $318M | 0.03% |
2,581,456
+2,239,608
| +655% | +$258M |
|
445
BioMarin Pharmaceuticals
BMRN
$13.6B
| $317M | 0.03% |
3,660,140
+144,310
| +4% | +$13.6M |
|
446
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.59B
| $317M | 0.03% |
3,165,171
-111,161
| -3% | -$11.1M |
|
447
State Street SPDR S&P Regional Banking ETF
KRE
$4.64B
| $316M | 0.03% |
7,749,520
+71,105
| +0.9% | +$2.92M |
|
448
Cummins
CMI
$87.8B
| $316M | 0.03% |
1,288,342
-696,933
| -35% | -$158M |
|
449
Marathon Petroleum
MPC
$97.8B
| $316M | 0.03% |
2,708,444
-1,310,234
| -33% | -$152M |
|
450
PPG Industries
PPG
$25.5B
| $316M | 0.03% |
2,128,442
-738,205
| -26% | -$103M |
|
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.