Bank of America Series L
BAC.PRL
217 hedge funds and large institutions have $2.05B invested in Bank of America Series L in 2023 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 55 increasing their positions, 75 reducing their positions, and 16 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 11 → 11 (0)
2% less funds holding
Funds holding: 222 → 217 (-5)
9.02% less ownership
Funds ownership: 345.93% → 336.91% (-9%)
19% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 16
27% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 75
38% less capital inflows, than outflows
Capital inflows: $484M | Capital outflows: $776M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Russell Investments Group
London,
United Kingdom
|
+$406M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
+$25.8M |
| 3 |
Zazove Associates
Incline Village,
Nevada
|
+$5.81M |
| 4 |
BlackRock
New York
|
+$5.8M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$4.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$724M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$8.86M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$7.97M |
| 4 |
Advent Capital Management
New York
|
-$5.42M |
| 5 |
Advisors Capital Management
Ridgewood,
New Jersey
|
-$4.52M |
BAC.PRL Hedge Fund Activity: Q3 2023 in Review
217 of the 6,316 institutional investors tracked by Wall St. Rank reported a position in Bank of America Series L (BAC.PRL) for Q3 2023, worth a combined $2.05B — down 4.7% from $2.15B a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of BAC.PRL and 13 opened new positions — a net loss of 3 holders — while 75 trimmed existing stakes and 55 added.
The largest buyer was Russell Investments Group, adding an estimated $406M. The largest seller was Loomis, Sayles & Company, cutting an estimated $724M.
- 217 institutional investors held Bank of America Series L (BAC.PRL) as of Q3 2023, down from 222 in Q2 2023.
- Funds reported $2.05B of Bank of America Series L stock for Q3 2023, down 4.7% quarter-over-quarter.
- 13 funds opened new Bank of America Series L positions in Q3 2023 and 16 closed out, a net change of -3 holders.
- The largest Bank of America Series L buyer in Q3 2023 was Russell Investments Group, an estimated $406M added.
- The largest Bank of America Series L seller in Q3 2023 was Loomis, Sayles & Company, an estimated $724M sold.
Based on aggregated 13F filings for Q3 2023.