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 | |
|---|---|---|---|---|---|---|
676
State Street SPDR S&P Homebuilders ETF
XHB
$1.6B
| $165M | 0.02% |
2,050,484
-655,025
| -24% | -$46.9M |
|
677
Datadog
DDOG
$89.5B
| $164M | 0.02% |
1,664,343
+522,476
| +46% | +$43.7M |
|
678
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.37B
| $163M | 0.02% |
1,663,194
-56,215
| -3% | -$5.52M |
|
679
Charles River Laboratories
CRL
$13.5B
| $162M | 0.02% |
772,486
+71,027
| +10% | +$14.1M |
|
680
Church & Dwight Co
CHD
$23.9B
| $162M | 0.02% |
1,620,084
-681,229
| -30% | -$64.1M |
|
681
CALL
VanEck Gold Miners ETF
GDX
$26.8B
| $162M | 0.02% |
5,386,100
-4,988,400
| -48% | -$163M |
|
682
Quest Diagnostics
DGX
$26.1B
| $161M | 0.02% |
1,148,144
-252,923
| -18% | -$34.9M |
|
683
Arch Capital
ACGL
$33.2B
| $161M | 0.02% |
2,154,668
-610,395
| -22% | -$44.1M |
|
684
Weyerhaeuser
WY
$17.9B
| $161M | 0.02% |
4,807,835
-1,103,839
| -19% | -$33.2M |
|
685
IQVIA
IQV
$39.4B
| $161M | 0.02% |
715,023
-245,157
| -26% | -$49.2M |
|
686
Jabil
JBL
$39.3B
| $160M | 0.02% |
1,478,615
-266,817
| -15% | -$23.5M |
|
687
RB Global
RBA
$16B
| $159M | 0.02% |
2,655,719
-946,429
| -26% | -$53.4M |
|
688
Teledyne Technologies
TDY
$31.2B
| $159M | 0.02% |
385,869
-50,495
| -12% | -$20.8M |
|
689
Rio Tinto
RIO
$161B
| $158M | 0.02% |
2,481,535
-127,777
| -5% | -$8.22M |
|
690
Ball Corp
BALL
$16.5B
| $158M | 0.02% |
2,716,721
-344,264
| -11% | -$18.7M |
|
691
First Trust Rising Dividend Achievers ETF
RDVY
$25.8B
| $158M | 0.02% |
3,357,409
-538,380
| -14% | -$24.4M |
|
692
HubSpot
HUBS
$10.8B
| $157M | 0.02% |
295,484
-504,459
| -63% | -$236M |
|
693
Invesco S&P 500 Quality ETF
SPHQ
$20B
| $157M | 0.02% |
3,115,711
+61,213
| +2% | +$2.95M |
|
694
Atmos Energy
ATO
$28.7B
| $157M | 0.02% |
1,348,817
-175,472
| -12% | -$20.3M |
|
695
Invesco High Yield Equity Dividend Achievers ETF
PEY
$1.17B
| $157M | 0.02% |
8,154,985
-890,903
| -10% | -$17.2M |
|
696
iShares MSCI ACWI ETF
ACWI
$33.6B
| $157M | 0.02% |
1,632,352
-3,091,153
| -65% | -$287M |
|
697
Schwab Fundamental International Large Company Index ETF
FNDF
$25.8B
| $156M | 0.02% |
4,830,025
-265,950
| -5% | -$8.5M |
|
698
HEICO Corp Class A
HEI.A
$38B
| $156M | 0.02% |
1,108,923
+55,262
| +5% | +$7.41M |
|
699
Bank of Montreal
BMO
$129B
| $156M | 0.02% |
1,725,168
-247,525
| -13% | -$21.9M |
|
700
iShares Expanded Tech Sector ETF
IGM
$10.9B
| $155M | 0.02% |
2,365,332
-23,856
| -1% | -$1.42M |
|
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.