Bank of America Series L
BAC.PRL
54 hedge funds and large institutions have $306M invested in Bank of America Series L in 2020 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 164 closing their positions.
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
50% less funds holding in top 10
Funds holding in top 10: 12 → 6 (-6)
74% less funds holding
Funds holding: 210 → 54 (-156)
95% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 164
99% less capital inflows, than outflows
Capital inflows: $19M | Capital outflows: $2.32B
107.97% less ownership
Funds ownership: 114.51% → 6.54% (-108%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Camden Asset Management
Los Angeles,
California
|
+$10.3M |
| 2 |
MA
Menlo Advisors
Menlo Park,
California
|
+$1.2M |
| 3 |
KCM Investment Advisors
Greenbrae,
California
|
+$809K |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$311K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$303K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$453M |
| 2 |
BlackRock
New York
|
-$255M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$211M |
| 4 |
Advent Capital Management
New York
|
-$196M |
| 5 |
JP Morgan Chase
New York
|
-$117M |
BAC.PRL Hedge Fund Activity: Q4 2020 in Review
54 of the 5,678 institutional investors tracked by Wall St. Rank reported a position in Bank of America Series L (BAC.PRL) for Q4 2020, worth a combined $306M — down 88% from $2.65B a quarter earlier.
Sellers outnumbered buyers: 164 funds closed out of BAC.PRL and 8 opened new positions — a net loss of 156 holders — while 12 trimmed existing stakes and 8 added.
The largest buyer was Camden Asset Management, adding an estimated $10.3M. The largest seller was Franklin Resources, exiting entirely with an estimated $453M sold.
- 54 institutional investors held Bank of America Series L (BAC.PRL) as of Q4 2020, down from 210 in Q3 2020.
- Funds reported $306M of Bank of America Series L stock for Q4 2020, down 88% quarter-over-quarter.
- 8 funds opened new Bank of America Series L positions in Q4 2020 and 164 closed out, a net change of -156 holders.
- The largest Bank of America Series L buyer in Q4 2020 was Camden Asset Management, an estimated $10.3M added.
- The largest Bank of America Series L seller in Q4 2020 was Franklin Resources, an estimated $453M sold.
Based on aggregated 13F filings for Q4 2020.