Bank of America Series L
BAC.PRL
107 hedge funds and large institutions have $2.32B invested in Bank of America Series L in 2016 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 26 increasing their positions, 28 reducing their positions, and 5 closing their positions.
320% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 5
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
16% more funds holding
Funds holding: 92 → 107 (+15)
7% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 28
4.87% less ownership
Funds ownership: 111.56% → 106.69% (-4.9%)
61% less capital inflows, than outflows
Capital inflows: $103M | Capital outflows: $266M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
+$24.1M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$19M |
| 3 |
Advent Capital Management
New York
|
+$13.4M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$7.53M |
| 5 |
SSI Investment Management
Los Angeles,
California
|
+$4.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$68.8M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$60.1M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$27.7M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$22.6M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$13.5M |
BAC.PRL Hedge Fund Activity: Q1 2016 in Review
107 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Bank of America Series L (BAC.PRL) for Q1 2016, worth a combined $2.32B — down 1% from $2.35B a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new BAC.PRL positions and 5 closed out — a net gain of 16 holders — while 26 added to existing stakes and 28 trimmed.
The largest buyer was Allianz Asset Management, adding an estimated $24.1M. The largest seller was Loomis, Sayles & Company, cutting an estimated $68.8M.
- 107 institutional investors held Bank of America Series L (BAC.PRL) as of Q1 2016, up from 92 in Q4 2015.
- Funds reported $2.32B of Bank of America Series L stock for Q1 2016, down 1% quarter-over-quarter.
- 21 funds opened new Bank of America Series L positions in Q1 2016 and 5 closed out, a net change of +16 holders.
- The largest Bank of America Series L buyer in Q1 2016 was Allianz Asset Management, an estimated $24.1M added.
- The largest Bank of America Series L seller in Q1 2016 was Loomis, Sayles & Company, an estimated $68.8M sold.
Based on aggregated 13F filings for Q1 2016.