Vault-13

BANK AMERICA CORP BAC 7.25 PERP L

7.25%CNV PFD L · PUBLIC · CUSIP 060505682

226 institutional holders +4 vs Q4 2022
4,457,4964.5m shares reported held*
$2.1bnreported value*
29 new 60 added 59 reduced 22 sold out net bought ≈ $102.4m (+2.8m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($58.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $477.15.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 206Q4 22: 222Q1 23: 226226Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022206
Q4 2022222
Q1 2023226

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 96 bought or addedQ4 22: 73 cut or sold outQ4 22Q1 23: 89 bought or addedQ1 23: 81 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20229673
Q1 20238981

Biggest buyers

LOOMIS SAYLES & CO L P New +2,835,020+2.8m
FMR LLC Added +31,324+31.3k
FIRST TRUST ADVISORS LP Added +17,667+17.7k
Calamos Advisors LLC Added +12,046+12.0k
ADVENT CAPITAL MANAGEMENT /DE/ Added +8,073+8.1k
AMERIPRISE FINANCIAL INC Added +5,852+5.9k
VILLERE ST DENIS J & CO LLC Added +5,338+5.3k
MACQUARIE GROUP LTD New +4,690+4.7k
STONEBRIDGE ADVISORS LLC Added +2,968+3.0k
JANE STREET GROUP, LLC Added +2,380+2.4k

Biggest sellers

WELLS FARGO & COMPANY/MN Reduced -12,945-12.9k
Amundi Sold out -9,978-10.0k
PIER 88 INVESTMENT PARTNERS LLC Reduced -9,520-9.5k
STATE STREET CORP Reduced -9,400-9.4k
Artemis Wealth Advisors, LLC Sold out -8,416-8.4k
BlackRock Inc. Reduced -7,000-7.0k
VOYA INVESTMENT MANAGEMENT LLC Reduced -6,500-6.5k
MACQUARIE GROUP LTD Sold out -5,054-5.1k
Stratos Wealth Partners, LTD. Reduced -4,683-4.7k
RATIONAL ADVISORS, INC. Reduced -2,800-2.8k

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LOOMIS SAYLES & CO L P 0.14% of their portfolio BOSTON, MA 2,835,0202.8m $81.1m $81.1m 0.14% New
2 VOYA INVESTMENT MANAGEMENT LLC 0.24% of their portfolio ATLANTA, GA 195,305195.3k $228.1m $228.1m 0.24% Reduced -6.5k -6,500
3 ADVENT CAPITAL MANAGEMENT /DE/ 4.08% of their portfolio NEW YORK, NY 182,409182.4k $212.6m $212.6m 4.08% Added +8.1k +8,073
4 BlackRock Inc. 0.00% of their portfolio New York, NY 140,486140.5k $164.1m $164.1m 0.00% Reduced -7.0k -7,000
5 Valeo Financial Advisors, LLC 0.06% of their portfolio CARMEL, IN 93,43793.4k $1.3m $1.3m 0.06% Reduced -165 -165
6 CAMDEN ASSET MANAGEMENT L P /CA 3.60% of their portfolio Los Angeles, CA 92,63892.6k $107.7m $107.7m 3.60% Added +1.2k +1,198
7 VICTORY CAPITAL MANAGEMENT INC 0.11% of their portfolio San Antonio, TX 85,09485.1k $99.4m $99.4m 0.11% Added +229 +229
8 FIRST TRUST ADVISORS LP 0.11% of their portfolio Wheaton, IL 78,08178.1k $91.2m $91.2m 0.11% Added +17.7k +17,667
9 FMR LLC 0.00% of their portfolio BOSTON, MA 74,24874.2k $86.3m $86.3m 0.00% Added +31.3k +31,324
10 Mirae Asset Global Investments Co., Ltd. 0.15% of their portfolio SEOUL, M5 55,57455.6k $64.9m $64.9m 0.15% Reduced -1.5k -1,531
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 50,79850.8k $58.9m $58.9m 0.00% Reduced -9.4k -9,400
12 STONEBRIDGE ADVISORS LLC 41.58% of their portfolio WILTON, CT 49,22849.2k $57.5m $57.5m 41.58% Added +3.0k +2,968
13 AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio KANSAS CITY, MO 49,07449.1k $57.2m $57.2m 0.05% Reduced -2.2k -2,218
14 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 41,98042.0k $48.9m $48.9m 0.03% Added +45 +45
15 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 39,98040.0k $46.5m $46.5m 0.02% Added +5.9k +5,852
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 39,40439.4k $46.0m $46.0m 0.00% Added +1.9k +1,922
17 Calamos Advisors LLC 0.23% of their portfolio NAPERVILLE, IL 38,66438.7k $45.2m $45.2m 0.23% Added +12.0k +12,046
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 32,28232.3k $37.7m $37.7m 0.00% Reduced -1.0k -1,010
19 MacKay Shields LLC 1.03% of their portfolio New York, NY 32,08832.1k $37.4m $37.4m 1.03% Reduced -931 -931
20 First Eagle Investment Management, LLC 0.09% of their portfolio NEW YORK, NY 27,76127.8k $32.4m $32.4m 0.09% Added +500 +500
21 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 23,88723.9k $27.9m $27.9m 0.01% Reduced -24 -24
22 Thrivent Financial for Lutherans 0.07% of their portfolio Minneapolis, MN 23,84423.8k $27.7m $27.7m 0.07% Added +575 +575
23 VILLERE ST DENIS J & CO LLC 1.84% of their portfolio New Orleans, LA 21,61121.6k $25.2m $25.2m 1.84% Added +5.3k +5,338
24 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 20,42920.4k $23.9m $23.9m 0.01% Reduced -12.9k -12,945
25 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 19,34619.3k $226.0k $226.0k 0.00% Unchanged
26 LORD, ABBETT & CO. LLC 0.04% of their portfolio JERSEY CITY, NJ 17,54017.5k $20.4m $20.4m 0.04% Reduced -780 -780
27 EVERETT HARRIS & CO /CA/ 0.32% of their portfolio LOS ANGELES, CA 17,31217.3k $20.0m $20.0m 0.32% Reduced -440 -440
28 Oxbow Advisors, LLC 2.90% of their portfolio Austin, TX 13,86613.9k $16.2m $16.2m 2.90% Added +1.2k +1,226
29 NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio ALBANY, NY 13,37313.4k $15.6m $15.6m 0.02% Unchanged
30 PUTNAM INVESTMENTS LLC 0.02% of their portfolio BOSTON, MA 12,72112.7k $14.8m $14.8m 0.02% Unchanged
31 Spectrum Asset Management, Inc. 10.83% of their portfolio STAMFORD, CT 11,97912.0k $14.0m $14.0m 10.83% Unchanged
32 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 11,21511.2k $13.1m $13.1m 0.01% Reduced -365 -365
33 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 10,95611.0k $12.8m $12.8m 0.02% Added +1.8k +1,836
34 ZAZOVE ASSOCIATES LLC 1.11% of their portfolio INCLINE VILLAGE, NV 10,48610.5k $12.2m $12.2m 1.11% Reduced -2.6k -2,589
35 Phraction Management LLC 6.41% of their portfolio COLCHESTER, CT 9,5899.6k $11.2m $11.2m 6.41% Added +263 +263
36 NEW ENGLAND ASSET MANAGEMENT INC 1.64% of their portfolio FARMINGTON, CT 9,4359.4k $11.0m $11.0m 1.64% Unchanged
37 CAPTRUST FINANCIAL ADVISORS 0.05% of their portfolio RALEIGH, NC 9,2319.2k $10.8m $10.8m 0.05% Added +1.4k +1,353
38 PALISADE CAPITAL MANAGEMENT, LP 0.26% of their portfolio FORT LEE, NJ 8,3958.4k $9.7m $9.7m 0.26% Reduced -1.4k -1,404
39 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 7,9678.0k $9.3m $9.3m 0.01% Added +259 +259
40 AEGON USA Investment Management, LLC 2.63% of their portfolio CEDAR RAPIDS, IA 7,9508.0k $9.2m $9.2m 2.63% Unchanged
41 PIER 88 INVESTMENT PARTNERS LLC 2.09% of their portfolio SAN FRANCISCO, CA 7,4037.4k $8.6m $8.6m 2.09% Reduced -9.5k -9,520
42 CONNING INC. 0.28% of their portfolio HARTFORD, CT 7,1857.2k $8.4m $8.4m 0.28% Unchanged
43 RB Capital Management, LLC 2.71% of their portfolio RENO, NV 7,1097.1k $8.3m $8.3m 2.71% Reduced -315 -315
44 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 7,0047.0k $8.2m $8.2m 0.00% Added +264 +264
45 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 6,2006.2k $7.2m $7.2m 0.01% Unchanged
46 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 5,8995.9k $6.9m $6.9m 0.01% Reduced -149 -149
47 OPPENHEIMER & CO INC 0.12% of their portfolio NEW YORK, NY 4,8074.8k $5.6m $5.6m 0.12% Added +345 +345
48 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 4,6904.7k $5.5m $5.5m 0.01% New
49 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 4,6274.6k $5.4m $5.4m 0.01% Added +108 +108
50 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 4,4504.5k $5.2m $5.2m 0.01% Reduced -1.8k -1,755
51 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 4,3564.4k $5.1m $5.1m 0.01% Added +8 +8
52 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 4,3174.3k $5.0m $5.0m 0.00% Added +287 +287
53 Mariner, LLC 0.01% of their portfolio Overland Park, KS 3,8733.9k $4.5m $4.5m 0.01% Reduced -185 -185
54 Hudson Capital Management LLC 1.76% of their portfolio RAMSEY, NJ 3,7973.8k $4.4m $4.4m 1.76% Added +140 +140
55 LAFFER TENGLER INVESTMENTS, INC. 1.10% of their portfolio Scottsdale, AZ 3,5113.5k $4.1m $4.1m 1.10% Added +108 +108
56 SSI INVESTMENT MANAGEMENT LLC 0.28% of their portfolio Los Angeles, CA 3,4453.4k $4.0m $4.0m 0.28% Added +75 +75
57 SG Americas Securities, LLC 0.05% of their portfolio NEW YORK, NY 3,4303.4k $4.0m $4.0m 0.05% Unchanged
58 Alken Asset Management Ltd 99.64% of their portfolio LONDON, X0 3,3503.4k $3.9m $3.9m 99.64% Unchanged
59 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 3,3483.3k $3.9m $3.9m 0.00% Reduced -8 -8
60 WOLVERINE ASSET MANAGEMENT LLC 0.07% of their portfolio CHICAGO, IL 3,3153.3k $3.9m $3.9m 0.07% Reduced -114 -114
61 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 3,2363.2k $3.8m $3.8m 0.00% Reduced -36 -36
62 UBS Group AG 0.00% of their portfolio ZURICH, V8 3,2343.2k $3.8m $3.8m 0.00% Added +80 +80
63 Marathon Trading Investment Management LLC 1.79% of their portfolio RADNOR, PA 3,2233.2k $3.8m $3.8m 1.79% Added +676 +676
64 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,2103.2k $3.7m $3.7m 0.00% Unchanged
65 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 3,1153.1k $3.6m $3.6m 0.01% Added +305 +305
66 Peloton Wealth Strategists 1.63% of their portfolio INDIANAPOLIS, IN 3,0543.1k $3.6m $3.6m 1.63% Added +45 +45
67 Uniplan Investment Counsel, Inc. 0.25% of their portfolio MILWAUKEE, WI 2,9873.0k $3.5m $3.5m 0.25% Reduced -16 -16
68 FOUNDERS CAPITAL MANAGEMENT, LLC 0.81% of their portfolio Hartford, CT 2,8012.8k $3.3m $3.3m 0.81% Reduced -15 -15
69 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 2,6862.7k $3.1m $3.1m 0.01% Added +2.4k +2,380
70 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 2,6002.6k $3.0m $3.0m 0.00% Added +979 +979
71 AGF MANAGEMENT LTD 0.02% of their portfolio TORONTO, A6 2,4002.4k $2.8m $2.8m 0.02% Unchanged
72 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 2,4002.4k $2.8m $2.8m 0.00% Added +190 +190
73 JRM Investment Counsel, LLC 1.20% of their portfolio OMAHA, NE 2,3502.4k $2.7m $2.7m 1.20% Added +684 +684
74 LexAurum Advisors, LLC 0.88% of their portfolio OVERLAND PARK, KS 2,2722.3k $2.7m $2.7m 0.88% Reduced -42 -42
75 SCHNIEDERS CAPITAL MANAGEMENT LLC 0.58% of their portfolio PASADENA, CA 2,2122.2k $2.6m $2.6m 0.58% Added +548 +548
76 SUMMITRY LLC 0.17% of their portfolio Foster City, CA 2,1932.2k $2.6m $2.6m 0.17% Reduced -40 -40
77 Edgemoor Investment Advisors, Inc. 0.28% of their portfolio BETHESDA, MD 1,9982.0k $2.3m $2.3m 0.28% New
78 MONTAG A & ASSOCIATES INC 0.14% of their portfolio ATLANTA, GA 1,8321.8k $2.2m $2.2m 0.14% Reduced -20 -20
79 Seven Springs Wealth Group, LLC 1.02% of their portfolio BRENTWOOD, TN 1,7691.8k $2.1m $2.1m 1.02% Added +53 +53
80 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 1,7641.8k $2.1m $2.1m 0.02% Reduced -34 -34
81 Bedell Frazier Investment Counselling, LLC 0.58% of their portfolio Walnut Creek, CA 1,6951.7k $2.0m $2.0m 0.58% Reduced -37 -37
82 MENLO ADVISORS LLC 1.32% of their portfolio MENLO PARK, CA 1,6471.6k $1.9m $1.9m 1.32% Reduced -1.3k -1,336
83 GOODWIN DANIEL L 0.97% of their portfolio Oak Brook, IL 1,6371.6k $1.9m $1.9m 0.97% Unchanged
84 MARATHON CAPITAL MANAGEMENT 0.47% of their portfolio Hunt Valley, MD 1,6311.6k $1.9m $1.9m 0.47% New
85 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 1,5351.5k $1.8m $1.8m 0.00% Reduced -85 -85
86 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 1,5281.5k $1.8m $1.8m 0.01% Added +58 +58
87 ICON ADVISERS INC/CO 0.45% of their portfolio GREENWOOD VILLAGE, CO 1,5131.5k $1.8m $1.8m 0.45% Reduced -447 -447
88 RATIONAL ADVISORS, INC. 0.14% of their portfolio San Juan, PR 1,4481.4k $1.7m $1.7m 0.14% Reduced -2.8k -2,800
89 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 1,4351.4k $1.7m $1.7m 0.00% Added +87 +87
90 M&T Bank Corp 0.01% of their portfolio BUFFALO, NY 1,3971.4k $1.6m $1.6m 0.01% Reduced -36 -36
91 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,3861.4k $1.6m $1.6m 0.00% Added +358 +358
92 FIRST FOUNDATION ADVISORS 0.07% of their portfolio Irvine, CA 1,3431.3k $1.6m $1.6m 0.07% Reduced -49 -49
93 INCOME RESEARCH & MANAGEMENT 0.78% of their portfolio Boston, MA 1,2921.3k $1.5m $1.5m 0.78% Unchanged
94 GFS Advisors, LLC 0.34% of their portfolio HOUSTON, TX 1,2901.3k $1.5m $1.5m 0.34% Unchanged
95 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,2761.3k $1.5m $1.5m 0.00% Reduced -4 -4
96 KCM INVESTMENT ADVISORS LLC 0.06% of their portfolio GREENBRAE, CA 1,2591.3k $1.5m $1.5m 0.06% Reduced -39 -39
97 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 1,2071.2k $1.4m $1.4m 0.00% New
98 Sugarloaf Wealth Management, LLC 0.31% of their portfolio DULUTH, GA 1,0761.1k $1.3m $1.3m 0.31% New
99 LAKE STREET PRIVATE WEALTH, LLC 0.23% of their portfolio CHICAGO, IL 1,0651.1k $1.2m $1.2m 0.23% New
100 Curi Capital, LLC 0.04% of their portfolio CHICAGO, IL 980980 $1.1m $1.1m 0.04% Reduced -5 -5