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Bank of America
BAC

2,656 hedge funds and large institutions have $159B invested in Bank of America in 2023 Q1 according to their latest regulatory filings, with 186 funds opening new positions, 1,220 increasing their positions, 996 reducing their positions, and 197 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more repeat investments, than reductions

Existing positions increased: 1,220 | Existing positions reduced: 996

6% less first-time investments, than exits

New positions opened: 186 | Existing positions closed: 197

1.48% less ownership

Funds ownership: 70.32% → 68.84% (-1.5%)

2% less funds holding

Funds holding: 2,718 → 2,656 (-62)

16% less capital invested

Capital invested by funds: $189B → $159B (-$29.4B)

25% less call options, than puts

Call options by funds: $4.73B | Put options by funds: $6.33B

30% less funds holding in top 10

Funds holding in top 10: 128 → 90 (-38)

Holders
2,656
Holders Change
-62
Holders Change %
-2.28%
% of All Funds
42.32%
Holding in Top 10
90
Holding in Top 10 Change
-38
Holding in Top 10 Change %
-29.69%
% of All Funds
1.43%
New
186
Increased
1,220
Reduced
996
Closed
197
Calls
$4.73B
Puts
$6.33B
Net Calls
-$1.6B
Net Calls Change
-$335M

Top Buyers

Rank Fund Capital Flow
1
Berkshire Hathaway
Berkshire Hathaway
Nebraska
+$751M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$324M
3
Harris Associates
Harris Associates
Illinois
+$291M
4
Deutsche Bank
Deutsche Bank
Germany
+$237M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$234M

Top Sellers

Rank Fund Capital Flow
1
Norges Bank
Norges Bank
Norway
-$811M
2
NEAM
New England Asset Management
Connecticut
-$743M
3
Capital World Investors
Capital World Investors
California
-$584M
4
ClearBridge Investments
ClearBridge Investments
New York
-$543M
5
Capital International Investors
Capital International Investors
California
-$496M
Name Holding Trade Value Shares
Change 		Change in
Stake
CB
976
Cadence Bank
Mississippi
$2.58M +$20.8K +631 +0.7%
AWA
977
Aaron Wealth Advisors
Illinois
$2.58M -$108K -3,257 -3%
ONB
978
Old National Bancorp
Indiana
$2.58M +$96.5K +2,923 +3%
PMG
979
ProVise Management Group
Florida
$2.58M +$174K +5,273 +6%
BEW
980
Burton Enright Welch
California
$2.58M -$8.95K -271 -0.3%
PA
981
Profund Advisors
Maryland
$2.56M -$1.45M -43,852 -33%
SAM
982
Silvercrest Asset Management
New York
$2.56M -$192K -5,808 -6%
TCPG
983
Trivant Custom Portfolio Group
California
$2.55M +$2.94M +89,209 New
BDS
984
Banco de Sabadell
Florida
$2.54M +$77.2K +2,339 +3%
AIM
985
Anchor Investment Management
South Carolina
$2.54M +$125K +3,775 +4%
IHL
986
Investment House LLC
California
$2.53M +$2.51M +76,032 +612%
WAAG
987
Wealth Alliance Advisory Group
Kansas
$2.53M -$134K -4,060 -4%
SWM
988
Spire Wealth Management
Virginia
$2.52M +$779K +23,591 +37%
PTC
989
Private Trust Company
Ohio
$2.51M -$238K -7,213 -8%
FCI
990
Financial Counselors Inc
Kansas
$2.5M -$694K -21,016 -19%
AAI
991
American Assets Inc
California
$2.5M – – –
CF
992
Centaurus Financial
California
$2.5M +$147K +4,455 +5%
BCM
993
Birmingham Capital Management
Alabama
$2.49M +$118K +3,575 +4%
BIP
994
Bouvel Investment Partners
Pennsylvania
$2.48M -$8.22K -249 -0.3%
PA
995
Procyon Advisors
Connecticut
$2.48M +$102K +3,075 +4%
NSEDCP
996
NJ State Employees Deferred Compensation Plan
New Jersey
$2.48M – – –
CCM
997
Coldstream Capital Management
Washington
$2.47M -$3.66M -110,822 -56%
PT
998
Plimoth Trust
Massachusetts
$2.47M +$115K +3,476 +4%
HI
999
Horizon Investments
North Carolina
$2.47M -$783K -23,725 -22%
FDS
1000
First Dallas Securities
Texas
$2.46M -$139K -4,226 -5%
38 39
40
41 42

BAC Hedge Fund Activity: Q1 2023 in Review

2,656 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Bank of America (BAC) for Q1 2023, worth a combined $159B — down 16% from $189B a quarter earlier.

Sellers outnumbered buyers: 197 funds closed out of BAC and 186 opened new positions — a net loss of 11 holders — while 996 trimmed existing stakes and 1,220 added.

The largest buyer was Berkshire Hathaway, adding an estimated $751M. The largest seller was Norges Bank, cutting an estimated $811M.

  • 2,656 institutional investors held Bank of America (BAC) as of Q1 2023, down from 2,718 in Q4 2022.
  • Funds reported $159B of Bank of America stock for Q1 2023, down 16% quarter-over-quarter.
  • 186 funds opened new Bank of America positions in Q1 2023 and 197 closed out, a net change of -11 holders.
  • The largest Bank of America buyer in Q1 2023 was Berkshire Hathaway, an estimated $751M added.
  • The largest Bank of America seller in Q1 2023 was Norges Bank, an estimated $811M sold.

Based on aggregated 13F filings for Q1 2023.