Bank of America Series L
BAC.PRL
158 hedge funds and large institutions have $2.31B invested in Bank of America Series L in 2018 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 52 increasing their positions, 36 reducing their positions, and 15 closing their positions.
82% more capital inflows, than outflows
Capital inflows: $311M | Capital outflows: $171M
44% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 36
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
3.44% more ownership
Funds ownership: 96.44% → 99.88% (+3.4%)
4% less funds holding
Funds holding: 164 → 158 (-6)
27% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCA
Harbour Capital Advisors
Tysons Corner,
Virginia
|
+$97.9M |
| 2 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
+$87.5M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$27.9M |
| 4 |
Advent Capital Management
New York
|
+$16M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$15.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackay Shields LLC
New York
|
-$41.5M |
| 2 |
Camden Asset Management
Los Angeles,
California
|
-$39.8M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$32.1M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$15.4M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$14.6M |
BAC.PRL Hedge Fund Activity: Q3 2018 in Review
158 of the 4,392 institutional investors tracked by Wall St. Rank reported a position in Bank of America Series L (BAC.PRL) for Q3 2018, worth a combined $2.31B — up 10% from $2.09B a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of BAC.PRL and 11 opened new positions — a net loss of 4 holders — while 36 trimmed existing stakes and 52 added.
The largest buyer was Harbour Capital Advisors, adding an estimated $97.9M. The largest seller was Mackay Shields LLC, cutting an estimated $41.5M.
- 158 institutional investors held Bank of America Series L (BAC.PRL) as of Q3 2018, down from 164 in Q2 2018.
- Funds reported $2.31B of Bank of America Series L stock for Q3 2018, up 10% quarter-over-quarter.
- 11 funds opened new Bank of America Series L positions in Q3 2018 and 15 closed out, a net change of -4 holders.
- The largest Bank of America Series L buyer in Q3 2018 was Harbour Capital Advisors, an estimated $97.9M added.
- The largest Bank of America Series L seller in Q3 2018 was Mackay Shields LLC, an estimated $41.5M sold.
Based on aggregated 13F filings for Q3 2018.