Bank of America Series L
BAC.PRL
265 hedge funds and large institutions have $2.25B invested in Bank of America Series L in 2025 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 55 increasing their positions, 89 reducing their positions, and 17 closing their positions.
41% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 17
2% more funds holding
Funds holding: 260 → 265 (+5)
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
22.2% less ownership
Funds ownership: 240.83% → 218.63% (-22%)
38% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 89
71% less capital inflows, than outflows
Capital inflows: $323M | Capital outflows: $1.13B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$193M |
| 2 |
Camden Asset Management
Los Angeles,
California
|
+$51.3M |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
+$21.9M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$11.9M |
| 5 |
Advisors Capital Management
Ridgewood,
New Jersey
|
+$8.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Russell Investments Group
London,
United Kingdom
|
-$886M |
| 2 |
Valeo Financial Advisors
Carmel,
Indiana
|
-$109M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$41.3M |
| 4 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
-$34M |
| 5 |
Mackay Shields LLC
New York
|
-$13.9M |
BAC.PRL Hedge Fund Activity: Q2 2025 in Review
265 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Bank of America Series L (BAC.PRL) for Q2 2025, worth a combined $2.25B — down 2.2% from $2.3B a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new BAC.PRL positions and 17 closed out — a net gain of 7 holders — while 55 added to existing stakes and 89 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $193M. The largest seller was Russell Investments Group, cutting an estimated $886M.
- 265 institutional investors held Bank of America Series L (BAC.PRL) as of Q2 2025, up from 260 in Q1 2025.
- Funds reported $2.25B of Bank of America Series L stock for Q2 2025, down 2.2% quarter-over-quarter.
- 24 funds opened new Bank of America Series L positions in Q2 2025 and 17 closed out, a net change of +7 holders.
- The largest Bank of America Series L buyer in Q2 2025 was Millennium Management, an estimated $193M added.
- The largest Bank of America Series L seller in Q2 2025 was Russell Investments Group, an estimated $886M sold.
Based on aggregated 13F filings for Q2 2025.