Bank of America Series L
BAC.PRL
235 hedge funds and large institutions have $2.26B invested in Bank of America Series L in 2023 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 60 increasing their positions, 78 reducing their positions, and 12 closing their positions.
158% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 12
8% more funds holding
Funds holding: 217 → 235 (+18)
0% more funds holding in top 10
Funds holding in top 10: 11 → 11 (0)
23% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 78
25.06% less ownership
Funds ownership: 336.91% → 311.84% (-25%)
78% less capital inflows, than outflows
Capital inflows: $243M | Capital outflows: $1.1B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$93.8M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
+$29M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
+$26.7M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$22.3M |
| 5 |
Camden Asset Management
Los Angeles,
California
|
+$9.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$766M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
-$235M |
| 3 |
State Street
Boston,
Massachusetts
|
-$16.1M |
| 4 |
Morgan Stanley
New York
|
-$11.3M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$10.4M |
BAC.PRL Hedge Fund Activity: Q4 2023 in Review
235 of the 6,876 institutional investors tracked by Wall St. Rank reported a position in Bank of America Series L (BAC.PRL) for Q4 2023, worth a combined $2.26B — up 10% from $2.05B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new BAC.PRL positions and 12 closed out — a net gain of 19 holders — while 60 added to existing stakes and 78 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $93.8M. The largest seller was Loomis, Sayles & Company, cutting an estimated $766M.
- 235 institutional investors held Bank of America Series L (BAC.PRL) as of Q4 2023, up from 217 in Q3 2023.
- Funds reported $2.26B of Bank of America Series L stock for Q4 2023, up 10% quarter-over-quarter.
- 31 funds opened new Bank of America Series L positions in Q4 2023 and 12 closed out, a net change of +19 holders.
- The largest Bank of America Series L buyer in Q4 2023 was Millennium Management, an estimated $93.8M added.
- The largest Bank of America Series L seller in Q4 2023 was Loomis, Sayles & Company, an estimated $766M sold.
Based on aggregated 13F filings for Q4 2023.