Bank of America Series L
BAC.PRL
96 hedge funds and large institutions have $2.16B invested in Bank of America Series L in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 30 reducing their positions, and 11 closing their positions.
18% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 11
2% more funds holding
Funds holding: 94 → 96 (+2)
6% more capital inflows, than outflows
Capital inflows: $242M | Capital outflows: $228M
0.43% more ownership
Funds ownership: 109.4% → 109.83% (+0.43%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
33% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$89.6M |
| 2 |
Driehaus Capital Management
Chicago,
Illinois
|
+$28.3M |
| 3 |
Amundi Asset Management US
Boston,
Massachusetts
|
+$24.8M |
| 4 |
State Street
Boston,
Massachusetts
|
+$14.8M |
| 5 |
St. Denis J. Villere & Co
New Orleans,
Louisiana
|
+$13.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Advent Capital Management
New York
|
-$63.5M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$34.1M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$17.8M |
| 4 |
JP Morgan Chase
New York
|
-$17M |
| 5 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
-$16.5M |
BAC.PRL Hedge Fund Activity: Q3 2013 in Review
96 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Bank of America Series L (BAC.PRL) for Q3 2013, worth a combined $2.16B — down 2.9% from $2.22B a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BAC.PRL positions and 11 closed out — a net gain of 2 holders — while 20 added to existing stakes and 30 trimmed.
The largest buyer was American Century Companies, adding an estimated $89.6M. The largest seller was Advent Capital Management, exiting entirely with an estimated $63.5M sold.
- 96 institutional investors held Bank of America Series L (BAC.PRL) as of Q3 2013, up from 94 in Q2 2013.
- Funds reported $2.16B of Bank of America Series L stock for Q3 2013, down 2.9% quarter-over-quarter.
- 13 funds opened new Bank of America Series L positions in Q3 2013 and 11 closed out, a net change of +2 holders.
- The largest Bank of America Series L buyer in Q3 2013 was American Century Companies, an estimated $89.6M added.
- The largest Bank of America Series L seller in Q3 2013 was Advent Capital Management, an estimated $63.5M sold.
Based on aggregated 13F filings for Q3 2013.