Bank of America Series L
BAC.PRL
91 hedge funds and large institutions have $2.15B invested in Bank of America Series L in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 27 reducing their positions, and 11 closing their positions.
63% more capital inflows, than outflows
Capital inflows: $134M | Capital outflows: $82.3M
1.55% more ownership
Funds ownership: 109.83% → 111.38% (+1.5%)
5% less funds holding
Funds holding: 96 → 91 (-5)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
37% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 27
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$68.5M |
| 2 |
Oaktree Capital Management
Los Angeles,
California
|
+$16.9M |
| 3 |
St. Denis J. Villere & Co
New Orleans,
Louisiana
|
+$9.9M |
| 4 |
Morgan Stanley
New York
|
+$8.35M |
| 5 |
State Street
Boston,
Massachusetts
|
+$8.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
-$14.4M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
-$12.2M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$11.6M |
| 4 |
Credit Suisse
Zurich,
Switzerland
|
-$7.94M |
| 5 |
DLG
Daniel L. Goodwin
|
-$5.23M |
BAC.PRL Hedge Fund Activity: Q4 2013 in Review
91 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Bank of America Series L (BAC.PRL) for Q4 2013, worth a combined $2.15B — down 0.63% from $2.16B a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BAC.PRL and 7 opened new positions — a net loss of 4 holders — while 27 trimmed existing stakes and 17 added.
The largest buyer was American Century Companies, adding an estimated $68.5M. The largest seller was Spectrum Asset Management (Connecticut), exiting entirely with an estimated $14.4M sold.
- 91 institutional investors held Bank of America Series L (BAC.PRL) as of Q4 2013, down from 96 in Q3 2013.
- Funds reported $2.15B of Bank of America Series L stock for Q4 2013, down 0.63% quarter-over-quarter.
- 7 funds opened new Bank of America Series L positions in Q4 2013 and 11 closed out, a net change of -4 holders.
- The largest Bank of America Series L buyer in Q4 2013 was American Century Companies, an estimated $68.5M added.
- The largest Bank of America Series L seller in Q4 2013 was Spectrum Asset Management (Connecticut), an estimated $14.4M sold.
Based on aggregated 13F filings for Q4 2013.