Bank of America Series L
BAC.PRL
171 hedge funds and large institutions have $2.5B invested in Bank of America Series L in 2019 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 43 increasing their positions, 37 reducing their positions, and 16 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 37
0% more funds holding in top 10
Funds holding in top 10: 10 → 10 (0)
1% less funds holding
Funds holding: 173 → 171 (-2)
3.63% less ownership
Funds ownership: 101.75% → 98.13% (-3.6%)
13% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 16
16% less capital inflows, than outflows
Capital inflows: $120M | Capital outflows: $143M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Credit Suisse
Zurich,
Switzerland
|
+$32.4M |
| 2 |
JP Morgan Chase
New York
|
+$20.4M |
| 3 |
Lazard Asset Management
New York
|
+$15.2M |
| 4 |
Pier 88 Investment Partners
San Francisco,
California
|
+$11.9M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
-$43.7M |
| 2 |
Jane Street
New York
|
-$20.7M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$20.6M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$11.9M |
| 5 |
Amundi Asset Management US
Boston,
Massachusetts
|
-$9.21M |
BAC.PRL Hedge Fund Activity: Q1 2019 in Review
171 of the 4,634 institutional investors tracked by Wall St. Rank reported a position in Bank of America Series L (BAC.PRL) for Q1 2019, worth a combined $2.5B — up 4.8% from $2.39B a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of BAC.PRL and 14 opened new positions — a net loss of 2 holders — while 37 trimmed existing stakes and 43 added.
The largest buyer was Credit Suisse, opening a new position worth an estimated $32.4M. The largest seller was American Century Companies, cutting an estimated $43.7M.
- 171 institutional investors held Bank of America Series L (BAC.PRL) as of Q1 2019, down from 173 in Q4 2018.
- Funds reported $2.5B of Bank of America Series L stock for Q1 2019, up 4.8% quarter-over-quarter.
- 14 funds opened new Bank of America Series L positions in Q1 2019 and 16 closed out, a net change of -2 holders.
- The largest Bank of America Series L buyer in Q1 2019 was Credit Suisse, an estimated $32.4M added.
- The largest Bank of America Series L seller in Q1 2019 was American Century Companies, an estimated $43.7M sold.
Based on aggregated 13F filings for Q1 2019.