Bank of America Series L
BAC.PRL
243 hedge funds and large institutions have $2.19B invested in Bank of America Series L in 2024 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 64 increasing their positions, 69 reducing their positions, and 18 closing their positions.
56% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 18
47% more capital inflows, than outflows
Capital inflows: $341M | Capital outflows: $232M
3% more funds holding
Funds holding: 235 → 243 (+8)
0% more funds holding in top 10
Funds holding in top 10: 11 → 11 (0)
0.17% less ownership
Funds ownership: 311.84% → 311.67% (-0.17%)
7% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 69
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Russell Investments Group
London,
United Kingdom
|
+$245M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$15M |
| 3 |
BlackRock
New York
|
+$13.3M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$8.83M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$7.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$96.5M |
| 2 |
Camden Asset Management
Los Angeles,
California
|
-$43.8M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$12.6M |
| 4 |
Advisors Capital Management
Ridgewood,
New Jersey
|
-$9.49M |
| 5 |
JP Morgan Chase
New York
|
-$6.55M |
BAC.PRL Hedge Fund Activity: Q1 2024 in Review
243 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in Bank of America Series L (BAC.PRL) for Q1 2024, worth a combined $2.19B — down 3.1% from $2.26B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new BAC.PRL positions and 18 closed out — a net gain of 10 holders — while 64 added to existing stakes and 69 trimmed.
The largest buyer was Russell Investments Group, adding an estimated $245M. The largest seller was Loomis, Sayles & Company, cutting an estimated $96.5M.
- 243 institutional investors held Bank of America Series L (BAC.PRL) as of Q1 2024, up from 235 in Q4 2023.
- Funds reported $2.19B of Bank of America Series L stock for Q1 2024, down 3.1% quarter-over-quarter.
- 28 funds opened new Bank of America Series L positions in Q1 2024 and 18 closed out, a net change of +10 holders.
- The largest Bank of America Series L buyer in Q1 2024 was Russell Investments Group, an estimated $245M added.
- The largest Bank of America Series L seller in Q1 2024 was Loomis, Sayles & Company, an estimated $96.5M sold.
Based on aggregated 13F filings for Q1 2024.