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 | |
|---|---|---|---|---|---|---|
451
PUT
iShares MSCI EAFE ETF
EFA
$80.2B
| $314M | 0.03% |
4,328,700
+932,600
| +27% | +$67.7M |
|
452
Invesco FTSE RAFI US 1000 ETF
PRF
$10B
| $313M | 0.03% |
9,568,740
+36,570
| +0.4% | +$1.15M |
|
453
Micron Technology
MU
$1.03T
| $312M | 0.03% |
4,942,175
-2,519,838
| -34% | -$162M |
|
454
TransDigm Group
TDG
$68.3B
| $312M | 0.03% |
348,424
-70,907
| -17% | -$56.1M |
|
455
Copart
CPRT
$26.8B
| $309M | 0.03% |
6,765,128
-480,642
| -7% | -$19.9M |
|
456
iShares MSCI China ETF
MCHI
$6.21B
| $308M | 0.03% |
6,889,891
+728,791
| +12% | +$34.1M |
|
457
iShares US Real Estate ETF
IYR
$4.52B
| $307M | 0.03% |
3,549,955
+339,114
| +11% | +$28.5M |
|
458
CME Group
CME
$94.3B
| $307M | 0.03% |
1,655,140
-375,129
| -18% | -$69.3M |
|
459
Vanguard Tax-Exempt Bond Index Fund
VTEB
$46B
| $306M | 0.03% |
6,100,122
+189,079
| +3% | +$9.5M |
|
460
Scotiabank
BNS
$110B
| $305M | 0.03% |
6,101,935
+942,666
| +18% | +$46.8M |
|
461
Bank of America
BAC
$453B
| $305M | 0.03% |
10,640,929
-4,042,305
| -28% | -$115M |
|
462
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$48.2B
| $304M | 0.03% |
882,700
+57,500
| +7% | +$19.4M |
|
463
PUT
Meta Platforms (Facebook)
META
$1.47T
| $303M | 0.03% |
1,054,100
-1,032,400
| -49% | -$255M |
|
464
T-Mobile US
TMUS
$190B
| $302M | 0.03% |
2,176,878
-934,971
| -30% | -$131M |
|
465
Yum China
YUMC
$16.4B
| $299M | 0.03% |
5,297,532
-461,642
| -8% | -$27.8M |
|
466
Fortive
FTV
$18.6B
| $298M | 0.03% |
5,291,245
-319,085
| -6% | -$16.1M |
|
467
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
| $296M | 0.03% |
5,862,750
+907,838
| +18% | +$46.1M |
|
468
CALL
Global Payments
GPN
$23.4B
| $296M | 0.03% |
+3,000,000
| New | +$308M |
|
469
iShares Short Maturity Bond ETF
NEAR
$4.88B
| $295M | 0.03% |
5,936,102
-3,101,623
| -34% | -$154M |
|
470
3M
MMM
$94.8B
| $294M | 0.03% |
3,518,935
-818,461
| -19% | -$69.5M |
|
471
Akamai
AKAM
$17.6B
| $293M | 0.03% |
3,255,957
-132,394
| -4% | -$11.3M |
|
472
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$16B
| $292M | 0.03% |
3,341,870
-17,668
| -0.5% | -$1.46M |
|
473
Keurig Dr Pepper
KDP
$40.2B
| $292M | 0.03% |
9,327,736
-1,507,253
| -14% | -$49.5M |
|
474
CrowdStrike
CRWD
$226B
| $291M | 0.03% |
7,931,252
+67,968
| +0.9% | +$2.37M |
|
475
PUT
Berkshire Hathaway Class B
BRK.B
$1.09T
| $290M | 0.03% |
851,900
+384,800
| +82% | +$126M |
|
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.