Bank of America Series L
BAC.PRL
121 hedge funds and large institutions have $2.2B invested in Bank of America Series L in 2016 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 31 increasing their positions, 27 reducing their positions, and 8 closing their positions.
188% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 8
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
15% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 27
13% more funds holding
Funds holding: 107 → 121 (+14)
5.99% less ownership
Funds ownership: 104.7% → 98.71% (-6%)
54% less capital inflows, than outflows
Capital inflows: $194M | Capital outflows: $417M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$50.5M |
| 2 |
Amundi Asset Management US
Boston,
Massachusetts
|
+$43.6M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$25.8M |
| 4 |
NWQ Investment Management Company
Los Angeles,
California
|
+$14M |
| 5 |
Sculptor Capital
New York
|
+$12.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$200M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$83.4M |
| 3 |
State Street
Boston,
Massachusetts
|
-$72.2M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$14.8M |
| 5 |
JP Morgan Chase
New York
|
-$11.9M |
BAC.PRL Hedge Fund Activity: Q3 2016 in Review
121 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Bank of America Series L (BAC.PRL) for Q3 2016, worth a combined $2.2B — down 6.9% from $2.36B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new BAC.PRL positions and 8 closed out — a net gain of 15 holders — while 31 added to existing stakes and 27 trimmed.
The largest buyer was Cohen & Steers, opening a new position worth an estimated $50.5M. The largest seller was Franklin Resources, cutting an estimated $200M.
- 121 institutional investors held Bank of America Series L (BAC.PRL) as of Q3 2016, up from 107 in Q2 2016.
- Funds reported $2.2B of Bank of America Series L stock for Q3 2016, down 6.9% quarter-over-quarter.
- 23 funds opened new Bank of America Series L positions in Q3 2016 and 8 closed out, a net change of +15 holders.
- The largest Bank of America Series L buyer in Q3 2016 was Cohen & Steers, an estimated $50.5M added.
- The largest Bank of America Series L seller in Q3 2016 was Franklin Resources, an estimated $200M sold.
Based on aggregated 13F filings for Q3 2016.