Bank of America Series L
BAC.PRL
259 hedge funds and large institutions have $2.77B invested in Bank of America Series L in 2025 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 63 increasing their positions, 68 reducing their positions, and 21 closing their positions.
3,204% more capital inflows, than outflows
Capital inflows: $10.4B | Capital outflows: $315M
263.77% more ownership
Funds ownership: 218.63% → 482.4% (+264%)
7% less repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 68
2% less funds holding
Funds holding: 265 → 259 (-6)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
19% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$10.3B |
| 2 |
Lido Advisors
Los Angeles,
California
|
+$58.9M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$33.2M |
| 4 |
Camden Asset Management
Los Angeles,
California
|
+$10.7M |
| 5 |
Zazove Associates
Incline Village,
Nevada
|
+$9.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$166M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$48.5M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
-$41M |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
-$19M |
| 5 |
Lazard Asset Management
New York
|
-$5.59M |
BAC.PRL Hedge Fund Activity: Q3 2025 in Review
259 of the 7,650 institutional investors tracked by Wall St. Rank reported a position in Bank of America Series L (BAC.PRL) for Q3 2025, worth a combined $2.77B — up 23% from $2.25B a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of BAC.PRL and 17 opened new positions — a net loss of 4 holders — while 68 trimmed existing stakes and 63 added.
The largest buyer was Franklin Resources, adding an estimated $10.3B. The largest seller was Millennium Management, cutting an estimated $166M.
- 259 institutional investors held Bank of America Series L (BAC.PRL) as of Q3 2025, down from 265 in Q2 2025.
- Funds reported $2.77B of Bank of America Series L stock for Q3 2025, up 23% quarter-over-quarter.
- 17 funds opened new Bank of America Series L positions in Q3 2025 and 21 closed out, a net change of -4 holders.
- The largest Bank of America Series L buyer in Q3 2025 was Franklin Resources, an estimated $10.3B added.
- The largest Bank of America Series L seller in Q3 2025 was Millennium Management, an estimated $166M sold.
Based on aggregated 13F filings for Q3 2025.