Institutional Investment Insights: Bank of America Analysis

2024-03-12

Bank of America (BAC) was a favored choice among institutional investors, with 2721 hedge funds holding a significant stake of 5.83 billion shares as of the last quarter. Additionally, 52 ETFs held 318.89 million shares of BAC. The top institutional holders included Berkshire Hathaway Inc, VANGUARD GROUP INC, BlackRock Inc., STATE STREET CORP, and FMR LLC.

During the last quarter, 981 hedge funds were actively buying BAC, while 1352 were selling. Hedge funds sold 264.43 million shares but bought 310.09 million shares, with 87 funds doubling their positions and 25 funds selling at least 90% of their BAC shares.

The data, sourced from sharkstracker.com, provided a data-driven view of the market, showcasing the sentiments of various institutions towards BAC. The most pessimistic institutions included FRANKLIN RESOURCES INC, JANUS HENDERSON GROUP PLC, and CITADEL ADVISORS LLC, while the most optimistic institutions included DZ BANK AG Deutsche Zentral Genossenschafts Bank, Symmetry Investments LP, and Alphinity Investment Management Pty Ltd.

This information highlighted the dynamic nature of institutional investment in Bank of America and the varying perspectives of different institutions towards the company.