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 | |
|---|---|---|---|---|---|---|
101
Vanguard Financials ETF
VFH
$13.9B
| $2.11B | 0.22% |
26,018,923
+1,406,841
| +6% | +$110M |
|
102
Prologis
PLD
$134B
| $2.09B | 0.22% |
17,026,899
+662,554
| +4% | +$81.5M |
|
103
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.45B
| $2.09B | 0.22% |
30,924,426
-1,200,043
| -4% | -$82.8M |
|
104
Danaher
DHR
$145B
| $2.06B | 0.22% |
9,697,172
-809,770
| -8% | -$171M |
|
105
State Street Industrial Select Sector SPDR ETF
XLI
$34.7B
| $2.06B | 0.22% |
19,185,647
-1,929,539
| -9% | -$194M |
|
106
Northrop Grumman
NOC
$82B
| $2.05B | 0.22% |
4,504,008
+481,822
| +12% | +$219M |
|
107
SPDR Gold Trust
GLD
$144B
| $2.05B | 0.21% |
11,491,977
-375,263
| -3% | -$69M |
|
108
Morgan Stanley
MS
$342B
| $2.02B | 0.21% |
23,674,969
+1,180,790
| +5% | +$101M |
|
109
Zoetis
ZTS
$30.3B
| $1.97B | 0.21% |
11,429,467
-2,783,582
| -20% | -$481M |
|
110
ConocoPhillips
COP
$152B
| $1.95B | 0.2% |
18,798,981
-432,420
| -2% | -$44.4M |
|
111
Air Products & Chemicals
APD
$67.6B
| $1.92B | 0.2% |
6,418,926
-235,476
| -4% | -$67.1M |
|
112
Accenture
ACN
$110B
| $1.9B | 0.2% |
6,165,384
-1,163,955
| -16% | -$338M |
|
113
Abbott
ABT
$192B
| $1.89B | 0.2% |
17,305,483
-2,622,160
| -13% | -$280M |
|
114
Vanguard Morningstar Small-Cap Value ETF
VBR
$38.1B
| $1.86B | 0.2% |
11,262,334
-184,902
| -2% | -$29.1M |
|
115
Salesforce
CRM
$158B
| $1.86B | 0.2% |
8,811,745
-802,189
| -8% | -$164M |
|
116
Bristol-Myers Squibb
BMY
$130B
| $1.86B | 0.2% |
29,102,154
-9,451,754
| -25% | -$634M |
|
117
Oracle
ORCL
$439B
| $1.85B | 0.19% |
15,519,880
-920,362
| -6% | -$95.2M |
|
118
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $1.84B | 0.19% |
24,495,800
-3,391,000
| -12% | -$253M |
|
119
iShares Core MSCI International Developed Markets ETF
IDEV
$32.6B
| $1.84B | 0.19% |
30,073,337
+765,817
| +3% | +$46.9M |
|
120
Parker-Hannifin
PH
$135B
| $1.84B | 0.19% |
4,710,290
+26,882
| +0.6% | +$9.1M |
|
121
ServiceNow
NOW
$129B
| $1.81B | 0.19% |
16,114,425
-723,560
| -4% | -$72.3M |
|
122
Adobe
ADBE
$103B
| $1.79B | 0.19% |
3,667,111
-331,697
| -8% | -$134M |
|
123
iShares 10-20 Year Treasury Bond ETF
TLH
$10.8B
| $1.79B | 0.19% |
16,141,575
+1,025,852
| +7% | +$115M |
|
124
General Dynamics
GD
$107B
| $1.78B | 0.19% |
8,262,551
-1,524,203
| -16% | -$329M |
|
125
PUT
Amazon
AMZN
$2.89T
| $1.77B | 0.19% |
13,584,900
+437,200
| +3% | +$49.9M |
|
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.