Vault-13

BANK AMERICA CORP BAC 7.25 PERP L

7.25%CNV PFD L · PUBLIC · CUSIP 060505682

274 institutional holders +7 vs Q1 2025
1,756,5771.8m shares reported held*
$2.2bnreported value*
23 new 55 added 91 reduced 17 sold out net sold ≈ $356.9m (-391.5k 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 ($65.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1247.13.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 206Q4 22: 222Q1 23: 226Q2 23: 230Q3 23: 224Q4 23: 240Q1 24: 248Q2 24: 262Q3 24: 269Q4 24: 263Q1 25: 267Q2 25: 274274Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022206
Q4 2022222
Q1 2023226
Q2 2023230
Q3 2023224
Q4 2023240
Q1 2024248
Q2 2024262
Q3 2024269
Q4 2024263
Q1 2025267
Q2 2025274

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 67 bought or addedQ3 23: 92 cut or sold outQ4 23: 92 bought or addedQ4 23: 92 cut or sold outQ4 23Q1 24: 92 bought or addedQ1 24: 89 cut or sold outQ2 24: 97 bought or addedQ2 24: 89 cut or sold outQ2 24Q3 24: 93 bought or addedQ3 24: 84 cut or sold outQ4 24: 84 bought or addedQ4 24: 97 cut or sold outQ4 24Q1 25: 86 bought or addedQ1 25: 95 cut or sold outQ2 25: 78 bought or addedQ2 25: 108 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20236792
Q4 20239292
Q1 20249289
Q2 20249789
Q3 20249384
Q4 20248497
Q1 20258695
Q2 202578108

Biggest buyers

CAMDEN ASSET MANAGEMENT L P /CA Added +43,478+43.5k
CSS LLC/IL Added +18,529+18.5k
WELLINGTON MANAGEMENT GROUP LLP Added +10,121+10.1k
Advisors Capital Management, LLC Added +6,810+6.8k
ROYAL BANK OF CANADA Added +4,266+4.3k
Universal- Beteiligungs- und Servicegesellschaft mbH New +3,886+3.9k
HSBC HOLDINGS PLC New +3,597+3.6k
Xcel Wealth Management, LLC Added +3,077+3.1k
AMERIPRISE FINANCIAL INC Added +2,991+3.0k
Invesco Ltd. Added +1,500+1.5k

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -291,835-291.8k
Valeo Financial Advisors, LLC Reduced -92,380-92.4k
FIRST TRUST ADVISORS LP Reduced -34,999-35.0k
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduced -28,825-28.8k
MacKay Shields LLC Reduced -11,811-11.8k
UBS Group AG Reduced -5,971-6.0k
STATE STREET CORP Reduced -5,400-5.4k
OPPENHEIMER & CO INC Reduced -3,841-3.8k
VICTORY CAPITAL MANAGEMENT INC Reduced -2,391-2.4k
JRM Investment Counsel, LLC Reduced -2,294-2.3k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.36% of their portfolio ATLANTA, GA 295,235295.2k $358.1m $358.1m 0.36% Reduced -291.8k -291,835
2 ADVENT CAPITAL MANAGEMENT /DE/ 4.55% of their portfolio NEW YORK, NY 172,838172.8k $207.1m $207.1m 4.55% Reduced -617 -617
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 152,658152.7k $185.2m $185.2m 0.00% Reduced -180 -180
4 CAMDEN ASSET MANAGEMENT L P /CA 3.40% of their portfolio Los Angeles, CA 119,488119.5k $145.0m $145.0m 3.40% Added +43.5k +43,478
5 VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio San Antonio, TX 72,00372.0k $87.3m $87.3m 0.06% Reduced -2.4k -2,391
6 FIRST TRUST ADVISORS LP 0.07% of their portfolio Wheaton, IL 66,94366.9k $81.2m $81.2m 0.07% Reduced -35.0k -34,999
7 STONEBRIDGE ADVISORS LLC 37.58% of their portfolio WILTON, CT 47,06347.1k $57.1m $57.1m 37.58% Reduced -1.2k -1,230
8 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 44,18744.2k $53.7m $53.7m 0.03% Added +364 +364
9 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 43,29343.3k $52.5m $52.5m 0.01% Added +3.0k +2,991
10 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio Toronto, A6 42,73542.7k $52.0m $52.0m 0.05% Unchanged
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 40,91340.9k $49.2m $49.2m 0.00% Reduced -5.4k -5,400
12 FMR LLC 0.00% of their portfolio BOSTON, MA 37,26837.3k $45.2m $45.2m 0.00% Reduced -900 -900
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 37,18437.2k $45.1m $45.1m 0.00% Added +808 +808
14 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 34,42034.4k $41.8m $41.8m 0.01% Reduced -63 -63
15 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.07% of their portfolio CAUSEWAY BAY, K3 28,87828.9k $35.0m $35.0m 0.07% Reduced -28.8k -28,825
16 Calamos Advisors LLC 0.15% of their portfolio NAPERVILLE, IL 28,16328.2k $34.2m $34.2m 0.15% Reduced -101 -101
17 First Eagle Investment Management, LLC 0.06% of their portfolio NEW YORK, NY 24,54124.5k $29.8m $29.8m 0.06% Unchanged
18 Thrivent Financial for Lutherans 0.06% of their portfolio Minneapolis, MN 23,95224.0k $29.1m $29.1m 0.06% Reduced -1.1k -1,080
19 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 22,91322.9k $27.8m $27.8m 0.01% Added +272 +272
20 Advisors Capital Management, LLC 0.37% of their portfolio RIDGEWOOD, NJ 22,27722.3k $27.0m $27.0m 0.37% Added +6.8k +6,810
21 PIER 88 INVESTMENT PARTNERS LLC 4.86% of their portfolio SAN FRANCISCO, CA 21,53321.5k $26.1m $26.1m 4.86% Added +400 +400
22 VILLERE ST DENIS J & CO LLC 2.26% of their portfolio New Orleans, LA 19,41619.4k $23.6m $23.6m 2.26% Reduced -394 -394
23 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 19,30019.3k $23.4m $23.4m 0.00% Added +1.5k +1,500
24 CSS LLC/IL 1.45% of their portfolio CHICAGO, IL 18,89418.9k $22.9m $22.9m 1.45% Added +18.5k +18,529
25 MacKay Shields LLC 0.71% of their portfolio New York, NY 18,14018.1k $22.1m $22.1m 0.71% Reduced -11.8k -11,811
26 LORD, ABBETT & CO. LLC 0.07% of their portfolio JERSEY CITY, NJ 17,65417.7k $21.5m $21.5m 0.07% Unchanged
27 SSI INVESTMENT MANAGEMENT LLC 1.37% of their portfolio Los Angeles, CA 16,02316.0k $19.4m $19.4m 1.37% Reduced -380 -380
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 15,99216.0k $19.4m $19.4m 0.00% Reduced -1.3k -1,286
29 NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio ALBANY, NY 15,79715.8k $19.2m $19.2m 0.03% Reduced -300 -300
30 EVERETT HARRIS & CO /CA/ 0.24% of their portfolio LOS ANGELES, CA 15,11515.1k $18.3m $18.3m 0.24% Reduced -104 -104
31 Focus Partners Wealth 0.04% of their portfolio ST LOUIS, MO 14,50514.5k $17.6m $17.6m 0.04% Reduced -316 -316
32 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 13,07313.1k $15.9m $15.9m 0.04% Added +648 +648
33 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 12,34312.3k $14.8m $14.8m 0.00% Added +10.1k +10,121
34 Phraction Management LLC 4.01% of their portfolio COLCHESTER, CT 10,32910.3k $12.5m $12.5m 4.01% Reduced -881 -881
35 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 10,25510.3k $12.4m $12.4m 0.00% Unchanged
36 NEW ENGLAND ASSET MANAGEMENT INC 1.78% of their portfolio FARMINGTON, CT 9,4359.4k $11.4m $11.4m 1.78% Unchanged
37 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,1869.2k $11.1m $11.1m 0.00% Added +4.3k +4,266
38 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 8,8418.8k $10.7m $10.7m 0.00% Reduced -270 -270
39 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 8,2908.3k $10.1m $10.1m 0.00% Added +639 +639
40 RATIONAL ADVISORS, INC. 0.97% of their portfolio San Juan, PR 8,0488.0k $9.8m $9.8m 0.97% Added +400 +400
41 RB Capital Management, LLC 1.87% of their portfolio RENO, NV 6,8016.8k $8.2m $8.2m 1.87% Added +127 +127
42 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 6,7416.7k $8.2m $8.2m 0.00% Added +41 +41
43 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 6,4306.4k $7.8m $7.8m 0.01% Reduced -136 -136
44 UBS Group AG 0.00% of their portfolio ZURICH, V8 6,3946.4k $7.8m $7.8m 0.00% Reduced -6.0k -5,971
45 CONNING INC. 0.26% of their portfolio HARTFORD, CT 6,2356.2k $7.6m $7.6m 0.26% Unchanged
46 Stratos Wealth Partners, LTD. 0.10% of their portfolio BEACHWOOD, OH 5,8195.8k $7.1m $7.1m 0.10% Reduced -353 -353
47 Xcel Wealth Management, LLC 1.80% of their portfolio Holly Hill, FL 5,2255.2k $6.3m $6.3m 1.80% Added +3.1k +3,077
48 EPIQ PARTNERS, LLC 3.15% of their portfolio MINNEAPOLIS, MN 5,1015.1k $6.2m $6.2m 3.15% Added +348 +348
49 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 4,8424.8k $5.9m $5.9m 0.01% Reduced -66 -66
50 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 4,7644.8k $5.8m $5.8m 0.01% Reduced -751 -751
51 Hudson Capital Management LLC 1.58% of their portfolio RAMSEY, NJ 4,6064.6k $5.6m $5.6m 1.58% Added +14 +14
52 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 4,5034.5k $5.5m $5.5m 0.01% Unchanged
53 PALISADE CAPITAL MANAGEMENT, LP 0.15% of their portfolio FORT LEE, NJ 4,3754.4k $5.2m $5.2m 0.15% Reduced -209 -209
54 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,2514.3k $5.2m $5.2m 0.00% Unchanged
55 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 3,8863.9k $4.7m $4.7m 0.01% New
56 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 3,8263.8k $4.6m $4.6m 0.00% Added +297 +297
57 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 3,6743.7k $4.5m $4.5m 0.02% Added +111 +111
58 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 3,5973.6k $4.4m $4.4m 0.00% New
59 Peloton Wealth Strategists 1.64% of their portfolio INDIANAPOLIS, IN 3,3733.4k $4.1m $4.1m 1.64% Added +30 +30
60 LAFFER TENGLER INVESTMENTS, INC. 0.70% of their portfolio Scottsdale, AZ 3,2823.3k $3.9m $3.9m 0.70% Reduced -87 -87
61 WOLVERINE ASSET MANAGEMENT LLC 0.07% of their portfolio CHICAGO, IL 3,2253.2k $3.9m $3.9m 0.07% Unchanged
62 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 3,1573.2k $3.8m $3.8m 0.01% Reduced -130 -130
63 LAKE STREET PRIVATE WEALTH, LLC 0.51% of their portfolio CHICAGO, IL 2,9703.0k $3.6m $3.6m 0.51% Reduced -85 -85
64 WHALEROCK POINT PARTNERS, LLC 0.76% of their portfolio West Palm Beach, FL 2,9152.9k $3.5m $3.5m 0.76% Reduced -35 -35
65 Seven Springs Wealth Group, LLC 0.84% of their portfolio BRENTWOOD, TN 2,8082.8k $3.4m $3.4m 0.84% Added +330 +330
66 MONTAG A & ASSOCIATES INC 0.16% of their portfolio ATLANTA, GA 2,7592.8k $3.3m $3.3m 0.16% Reduced -70 -70
67 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 2,5082.5k $3.0m $3.0m 0.00% Reduced -130 -130
68 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 2,5002.5k $3.0m $3.0m 0.01% Reduced -1.0k -1,000
69 AEGON USA Investment Management, LLC 2.25% of their portfolio CEDAR RAPIDS, IA 2,4882.5k $3.0m $3.0m 2.25% Unchanged
70 Marathon Trading Investment Management LLC 1.79% of their portfolio RADNOR, PA 2,4642.5k $3.0m $3.0m 1.79% Unchanged
71 KCM INVESTMENT ADVISORS LLC 0.10% of their portfolio GREENBRAE, CA 2,4292.4k $2.9m $2.9m 0.10% Added +67 +67
72 Mariner, LLC 0.00% of their portfolio Overland Park, KS 2,3612.4k $2.9m $2.9m 0.00% Reduced -11 -11
73 FOUNDERS CAPITAL MANAGEMENT, LLC 0.47% of their portfolio Hartford, CT 2,2932.3k $2.8m $2.8m 0.47% Reduced -64 -64
74 LexAurum Advisors, LLC 0.43% of their portfolio OVERLAND PARK, KS 2,2582.3k $2.7m $2.7m 0.43% Reduced -13 -13
75 ALEXANDER LABRUNERIE & CO., INC. 1.09% of their portfolio COLUMBIA, MO 2,2012.2k $2.7m $2.7m 1.09% Reduced -46 -46
76 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,0212.0k $2.5m $2.5m 0.00% Unchanged
77 Private Wealth Partners, LLC 0.19% of their portfolio MILL VALLEY, CA 2,0002.0k $2.4m $2.4m 0.19% Added +58 +58
78 ICON ADVISERS INC/CO 0.55% of their portfolio GREENWOOD VILLAGE, CO 1,9992.0k $2.4m $2.4m 0.55% Added +200 +200
79 Uniplan Investment Counsel, Inc. 0.24% of their portfolio MILWAUKEE, WI 1,9732.0k $2.4m $2.4m 0.24% Reduced -216 -216
80 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 1,7041.7k $2.1m $2.1m 0.00% Reduced -216 -216
81 SUMMITRY LLC 0.09% of their portfolio Foster City, CA 1,6791.7k $2.0m $2.0m 0.09% Reduced -23 -23
82 Snowden Capital Advisors LLC 0.06% of their portfolio New York, NY 1,6151.6k $2.0m $2.0m 0.06% Unchanged
83 Edgemoor Investment Advisors, Inc. 0.17% of their portfolio BETHESDA, MD 1,5911.6k $1.9m $1.9m 0.17% Reduced -8 -8
84 Apollon Financial, LLC 0.39% of their portfolio MOUNT PLEASANT, SC 1,5341.5k $1.9m $1.9m 0.39% Reduced -88 -88
85 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 1,5241.5k $1.8m $1.8m 0.00% Reduced -1 -1
86 Union Bancaire Privee, UBP SA 0.02% of their portfolio GENEVA 1, V8 1,4801.5k $1.5m $1.5m 0.02% Unchanged
87 Cove Private Wealth, LLC 0.61% of their portfolio Oyster Bay Cove, NY 1,4251.4k $1.7m $1.7m 0.61% Reduced -125 -125
88 Curi Capital, LLC 0.03% of their portfolio CHICAGO, IL 1,4031.4k $1.7m $1.7m 0.03% Added +85 +85
89 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 1,3761.4k $1.7m $1.7m 0.00% Reduced -15 -15
90 JT Stratford LLC 0.23% of their portfolio GAINESVILLE, GA 1,2801.3k $1.6m $1.6m 0.23% Added +12 +12
91 Magnus Financial Group LLC 0.14% of their portfolio NEW YORK, NY 1,2701.3k $1.5m $1.5m 0.14% Reduced -91 -91
92 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 1,2691.3k $1.5m $1.5m 0.00% Reduced -37 -37
93 MARATHON CAPITAL MANAGEMENT 0.35% of their portfolio Hunt Valley, MD 1,1481.1k $1.4m $1.4m 0.35% Reduced -15 -15
94 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 1,1061.1k $1.3m $1.3m 0.01% Reduced -115 -115
95 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 1,0961.1k $1.3m $1.3m 0.00% Unchanged
96 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,0881.1k $1.3m $1.3m 0.00% Reduced -1.2k -1,207
97 SCHNIEDERS CAPITAL MANAGEMENT LLC 0.23% of their portfolio PASADENA, CA 1,0641.1k $1.3m $1.3m 0.23% Unchanged
98 Diversify Advisory Services, LLC 0.05% of their portfolio SANDY, UT 1,0581.1k $1.3m $1.3m 0.05% New
99 Coordinated Financial Services, Inc. 0.87% of their portfolio DENVER, CO 1,0351.0k $1.3m $1.3m 0.87% First filing
100 Pinnacle Holdings, LLC 0.44% of their portfolio TULSA, OK 1,0161.0k $1.2m $1.2m 0.44% Reduced -6 -6