Bank of America Series L
BAC.PRL
263 hedge funds and large institutions have $2.35B invested in Bank of America Series L in 2024 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 71 increasing their positions, 65 reducing their positions, and 16 closing their positions.
44% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 16
10% more funds holding in top 10
Funds holding in top 10: 10 → 11 (+1)
2% more funds holding
Funds holding: 258 → 263 (+5)
9% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 65
42.14% less ownership
Funds ownership: 292.74% → 250.61% (-42%)
91% less capital inflows, than outflows
Capital inflows: $85.9M | Capital outflows: $953M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Advent Capital Management
New York
|
+$18.5M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
+$13.4M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$8.82M |
| 4 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
+$6.01M |
| 5 |
EPIQ Partners
Minneapolis,
Minnesota
|
+$5.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Russell Investments Group
London,
United Kingdom
|
-$861M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$24.2M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$23.3M |
| 4 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$15.7M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
-$7.34M |
BAC.PRL Hedge Fund Activity: Q3 2024 in Review
263 of the 6,985 institutional investors tracked by Wall St. Rank reported a position in Bank of America Series L (BAC.PRL) for Q3 2024, worth a combined $2.35B — up 5.5% from $2.23B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new BAC.PRL positions and 16 closed out — a net gain of 7 holders — while 71 added to existing stakes and 65 trimmed.
The largest buyer was Advent Capital Management, adding an estimated $18.5M. The largest seller was Russell Investments Group, cutting an estimated $861M.
- 263 institutional investors held Bank of America Series L (BAC.PRL) as of Q3 2024, up from 258 in Q2 2024.
- Funds reported $2.35B of Bank of America Series L stock for Q3 2024, up 5.5% quarter-over-quarter.
- 23 funds opened new Bank of America Series L positions in Q3 2024 and 16 closed out, a net change of +7 holders.
- The largest Bank of America Series L buyer in Q3 2024 was Advent Capital Management, an estimated $18.5M added.
- The largest Bank of America Series L seller in Q3 2024 was Russell Investments Group, an estimated $861M sold.
Based on aggregated 13F filings for Q3 2024.