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 | |
|---|---|---|---|---|---|---|
526
Cognizant
CTSH
$26.2B
| $247M | 0.03% |
3,790,308
-1,024,152
| -21% | -$63.4M |
|
527
State Street SPDR S&P Metals & Mining ETF
XME
$4.52B
| $247M | 0.03% |
4,851,797
+792,680
| +20% | +$38.9M |
|
528
Quanta Services
PWR
$102B
| $246M | 0.03% |
1,250,769
-44,361
| -3% | -$7.74M |
|
529
CALL
iShares MSCI Brazil ETF
EWZ
$8.57B
| $245M | 0.03% |
7,569,200
+3,169,200
| +72% | +$94.3M |
|
530
Alerian MLP ETF
AMLP
$13.2B
| $245M | 0.03% |
6,254,286
+409,097
| +7% | +$15.9M |
|
531
CALL
SPDR Gold Trust
GLD
$144B
| $244M | 0.03% |
1,370,900
-2,469,100
| -64% | -$454M |
|
532
Vanguard S&P 500 Value ETF
VOOV
$6.77B
| $244M | 0.03% |
1,565,941
+163,303
| +12% | +$24.3M |
|
533
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$40.6B
| $243M | 0.03% |
2,360,600
+393,300
| +20% | +$40.8M |
|
534
Public Storage
PSA
$60.4B
| $242M | 0.03% |
830,447
-247,184
| -23% | -$72M |
|
535
Pacer Global Cash Cows Dividend ETF
GCOW
$3.47B
| $242M | 0.03% |
7,295,777
+1,076,861
| +17% | +$36.1M |
|
536
Fortinet
FTNT
$118B
| $241M | 0.03% |
3,182,453
-586,359
| -16% | -$39.9M |
|
537
iShares S&P Mid-Cap 400 Growth ETF
IJK
$11.2B
| $240M | 0.03% |
3,202,395
-369,760
| -10% | -$26.4M |
|
538
iShares Global Clean Energy ETF
ICLN
$2.12B
| $240M | 0.03% |
13,046,336
+230,886
| +2% | +$4.34M |
|
539
PUT
JPMorgan Chase
JPM
$971B
| $240M | 0.03% |
1,649,400
+331,100
| +25% | +$45.5M |
|
540
Verisk Analytics
VRSK
$23.5B
| $240M | 0.03% |
1,061,224
-193,892
| -15% | -$40.7M |
|
541
Ross Stores
ROST
$79.6B
| $240M | 0.03% |
2,136,148
-903,912
| -30% | -$95M |
|
542
Vanguard Morningstar Mega Cap ETF
MGC
$10.4B
| $239M | 0.03% |
1,526,371
+75,687
| +5% | +$11.2M |
|
543
Carrier Global
CARR
$52B
| $239M | 0.03% |
4,802,864
+248,522
| +5% | +$10.9M |
|
544
iShares Russell 3000 ETF
IWV
$20.4B
| $238M | 0.03% |
936,083
-14,981
| -2% | -$3.6M |
|
545
BorgWarner
BWA
$14B
| $236M | 0.02% |
5,491,486
-246,852
| -4% | -$10.2M |
|
546
iShares MSCI USA Momentum Factor ETF
MTUM
$26B
| $236M | 0.02% |
1,638,750
-148,314
| -8% | -$20.9M |
|
547
Factset
FDS
$9.89B
| $235M | 0.02% |
587,775
-32,508
| -5% | -$13.1M |
|
548
Newmont
NEM
$124B
| $235M | 0.02% |
5,512,128
-261,124
| -5% | -$11.9M |
|
549
Flex
FLEX
$46B
| $235M | 0.02% |
11,272,308
-329,114
| -3% | -$5.87M |
|
550
Martin Marietta Materials
MLM
$32.7B
| $234M | 0.02% |
506,713
-132,224
| -21% | -$52.1M |
|
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.