Bank of America Series L
BAC.PRL
222 hedge funds and large institutions have $2.15B invested in Bank of America Series L in 2023 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 55 increasing their positions, 66 reducing their positions, and 11 closing their positions.
426% more capital inflows, than outflows
Capital inflows: $434M | Capital outflows: $82.5M
55% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 11
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
9.73% more ownership
Funds ownership: 336.19% → 345.93% (+9.7%)
3% more funds holding
Funds holding: 216 → 222 (+6)
17% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Advent Capital Management
New York
|
+$216M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
+$58.6M |
| 3 |
Millennium Management
New York
|
+$31.6M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
+$27.5M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$15.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Camden Asset Management
Los Angeles,
California
|
-$25.8M |
| 2 |
Zazove Associates
Incline Village,
Nevada
|
-$12.2M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$7.57M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$7.27M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$3.81M |
BAC.PRL Hedge Fund Activity: Q2 2023 in Review
222 of the 6,388 institutional investors tracked by Wall St. Rank reported a position in Bank of America Series L (BAC.PRL) for Q2 2023, worth a combined $2.15B — up 2.5% from $2.1B a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new BAC.PRL positions and 11 closed out — a net gain of 6 holders — while 55 added to existing stakes and 66 trimmed.
The largest buyer was Advent Capital Management, opening a new position worth an estimated $216M. The largest seller was Camden Asset Management, cutting an estimated $25.8M.
- 222 institutional investors held Bank of America Series L (BAC.PRL) as of Q2 2023, up from 216 in Q1 2023.
- Funds reported $2.15B of Bank of America Series L stock for Q2 2023, up 2.5% quarter-over-quarter.
- 17 funds opened new Bank of America Series L positions in Q2 2023 and 11 closed out, a net change of +6 holders.
- The largest Bank of America Series L buyer in Q2 2023 was Advent Capital Management, an estimated $216M added.
- The largest Bank of America Series L seller in Q2 2023 was Camden Asset Management, an estimated $25.8M sold.
Based on aggregated 13F filings for Q2 2023.