Vault-13

BANK AMERICA CORP BAC 7.25 PERP L

7.25%CNV PFD L · PUBLIC · CUSIP 060505682

275 institutional holders +10 vs Q4 2025
1,749,3111.7m shares reported held*
$2.1bnreported value*
28 new 68 added 73 reduced 15 sold out net sold ≈ $19.7m (-172.3k 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 ($8.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1226.26.

Trends to Q1 2026

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: 274Q3 25: 267Q4 25: 265Q1 26: 275275Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025267
Q4 2025265
Q1 2026275

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 97 bought or addedQ2 24: 89 cut or sold outQ3 24: 93 bought or addedQ3 24: 84 cut or sold outQ3 24Q4 24: 84 bought or addedQ4 24: 97 cut or sold outQ1 25: 86 bought or addedQ1 25: 95 cut or sold outQ1 25Q2 25: 78 bought or addedQ2 25: 108 cut or sold outQ3 25: 83 bought or addedQ3 25: 94 cut or sold outQ3 25Q4 25: 87 bought or addedQ4 25: 90 cut or sold outQ1 26: 96 bought or addedQ1 26: 88 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20249789
Q3 20249384
Q4 20248497
Q1 20258695
Q2 202578108
Q3 20258394
Q4 20258790
Q1 20269688

Biggest buyers

Verition Fund Management LLC New +4,973,000+5.0m
TWO SIGMA INVESTMENTS, LP New +94,384+94.4k
Hudson Bay Capital Management LP New +36,192+36.2k
ZAZOVE ASSOCIATES LLC Added +35,665+35.7k
UBS Group AG Added +10,020+10.0k
AMERIPRISE FINANCIAL INC Added +9,235+9.2k
Skaana Management L.P. New +8,822+8.8k
NOMURA HOLDINGS INC New +7,172+7.2k
Cannell & Spears LLC New +4,753+4.8k
Aequim Alternative Investments LP New +4,279+4.3k

Biggest sellers

STONEBRIDGE ADVISORS LLC Sold out -188,490-188.5k
CAMDEN ASSET MANAGEMENT L P /CA Reduced -65,867-65.9k
WELLINGTON MANAGEMENT GROUP LLP Reduced -39,043-39.0k
VOYA INVESTMENT MANAGEMENT LLC Reduced -25,633-25.6k
FIRST TRUST ADVISORS LP Sold out -13,936-13.9k
CSS LLC/IL Reduced -13,347-13.3k
NEW YORK STATE COMMON RETIREMENT FUND Sold out -10,728-10.7k
Pinnacle Holdings, LLC Reduced -10,003-10.0k
WELLS FARGO & COMPANY/MN Reduced -8,296-8.3k
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -8,139-8.1k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Verition Fund Management LLC 0.06% of their portfolio GREENWICH, CT 4,973,0005.0m $5.9m $5.9m 0.06% New
2 VOYA INVESTMENT MANAGEMENT LLC 0.30% of their portfolio ATLANTA, GA 244,335244.3k $291.1m $291.1m 0.30% Reduced -25.6k -25,633
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 161,018161.0k $191.9m $191.9m 0.00% Reduced -825 -825
4 ADVENT CAPITAL MANAGEMENT /DE/ 5.26% of their portfolio NEW YORK, NY 149,172149.2k $178.0m $178.0m 5.26% Reduced -8.1k -8,139
5 TWO SIGMA INVESTMENTS, LP 0.09% of their portfolio NEW YORK, NY 94,38494.4k $112.5m $112.5m 0.09% New
6 CAMDEN ASSET MANAGEMENT L P /CA 2.91% of their portfolio Los Angeles, CA 71,86271.9k $85.6m $85.6m 2.91% Reduced -65.9k -65,867
7 VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio San Antonio, TX 70,01970.0k $83.4m $83.4m 0.05% Added +236 +236
8 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 57,49157.5k $68.7m $68.7m 0.02% Added +9.2k +9,235
9 ZAZOVE ASSOCIATES LLC 2.48% of their portfolio INCLINE VILLAGE, NV 43,48243.5k $52.3m $52.3m 2.48% Added +35.7k +35,665
10 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio Toronto, A6 43,33143.3k $51.7m $51.7m 0.04% Added +73 +73
11 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 43,09443.1k $51.4m $51.4m 0.03% Added +117 +117
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 40,46340.5k $48.4m $48.4m 0.00% Reduced -1.4k -1,450
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 39,77539.8k $47.4m $47.4m 0.00% Added +217 +217
14 Hudson Bay Capital Management LP 0.26% of their portfolio STAMFORD, CT 36,19236.2k $43.1m $43.1m 0.26% New
15 FMR LLC 0.00% of their portfolio BOSTON, MA 33,76833.8k $40.2m $40.2m 0.00% Unchanged
16 First Eagle Investment Management, LLC 0.06% of their portfolio NEW YORK, NY 29,64129.6k $35.3m $35.3m 0.06% Unchanged
17 Calamos Advisors LLC 0.13% of their portfolio NAPERVILLE, IL 28,19428.2k $33.6m $33.6m 0.13% Added +198 +198
18 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.04% of their portfolio CAUSEWAY BAY, K3 27,13827.1k $32.3m $32.3m 0.04% Added +517 +517
19 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 26,94826.9k $32.1m $32.1m 0.01% Reduced -7.4k -7,417
20 Advisors Capital Management, LLC 0.34% of their portfolio RIDGEWOOD, NJ 24,82424.8k $29.6m $29.6m 0.34% Added +953 +953
21 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 23,73323.7k $28.3m $28.3m 0.05% Reduced -1.0k -1,005
22 MacKay Shields LLC 0.91% of their portfolio New York, NY 20,86720.9k $24.9m $24.9m 0.91% Reduced -60 -60
23 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 19,15919.2k $22.8m $22.8m 0.00% Reduced -8.3k -8,296
24 VILLERE ST DENIS J & CO LLC 2.45% of their portfolio New Orleans, LA 18,61218.6k $22.2m $22.2m 2.45% Added +25 +25
25 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 18,41518.4k $21.9m $21.9m 0.00% Reduced -1.8k -1,844
26 LORD, ABBETT & CO. LLC 0.07% of their portfolio JERSEY CITY, NJ 17,65417.7k $21.1m $21.1m 0.07% Unchanged
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 17,58117.6k $20.9m $20.9m 0.00% Added +10.0k +10,020
28 SSI INVESTMENT MANAGEMENT LLC 1.34% of their portfolio Los Angeles, CA 16,30916.3k $19.4m $19.4m 1.34% Added +424 +424
29 EVERETT HARRIS & CO /CA/ 0.22% of their portfolio LOS ANGELES, CA 14,22514.2k $16.9m $16.9m 0.22% Reduced -665 -665
30 PIER 88 INVESTMENT PARTNERS LLC 4.17% of their portfolio SAN FRANCISCO, CA 13,65313.7k $16.3m $16.3m 4.17% Reduced -370 -370
31 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 13,25613.3k $15.8m $15.8m 0.02% Reduced -136 -136
32 Phraction Management LLC 3.78% of their portfolio COLCHESTER, CT 12,22512.2k $14.6m $14.6m 3.78% Added +1.7k +1,686
33 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 12,03012.0k $14.3m $14.3m 0.00% Reduced -2.4k -2,447
34 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 11,29911.3k $13.5m $13.5m 0.00% Added +400 +400
35 CSS LLC/IL 0.69% of their portfolio CHICAGO, IL 10,31410.3k $12.3m $12.3m 0.69% Reduced -13.3k -13,347
36 NEW ENGLAND ASSET MANAGEMENT INC 1.43% of their portfolio FARMINGTON, CT 9,4359.4k $11.2m $11.2m 1.43% Unchanged
37 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 9,1809.2k $109 $109 0.00% Reduced -140 -140
38 Skaana Management L.P. 4.18% of their portfolio BROOKLYN, NY 8,8228.8k $10.4m $10.4m 4.18% New
39 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 8,3168.3k $9.9m $9.9m 0.00% Added +978 +978
40 RATIONAL ADVISORS, INC. 0.98% of their portfolio San Juan, PR 8,0488.0k $9.6m $9.6m 0.98% Unchanged
41 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 7,7617.8k $9.7m $9.7m 0.00% Reduced -165 -165
42 CONNING INC. 0.29% of their portfolio HARTFORD, CT 7,2357.2k $8.6m $8.6m 0.29% Added +1.0k +1,000
43 ICON ADVISERS INC/CO 1.97% of their portfolio GREENWOOD VILLAGE, CO 7,1747.2k $8.5m $8.5m 1.97% Added +2.0k +2,027
44 NOMURA HOLDINGS INC 0.07% of their portfolio TOKYO, M0 7,1727.2k $8.5m $8.5m 0.07% New
45 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 7,0987.1k $8.5m $8.5m 0.00% Reduced -153 -153
46 RB Capital Management, LLC 1.79% of their portfolio RENO, NV 7,0587.1k $8.4m $8.4m 1.79% Added +103 +103
47 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,3856.4k $7.6m $7.6m 0.00% Added +2.0k +2,004
48 Stratos Wealth Partners, LTD. 0.08% of their portfolio BEACHWOOD, OH 6,2356.2k $7.4m $7.4m 0.08% Added +240 +240
49 Xcel Wealth Management, LLC 1.94% of their portfolio Holly Hill, FL 5,8605.9k $7.0m $7.0m 1.94% Added +265 +265
50 WHALEROCK POINT PARTNERS, LLC 1.22% of their portfolio West Palm Beach, FL 5,3075.3k $6.3m $6.3m 1.22% Added +900 +900
51 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 5,1925.2k $6.2m $6.2m 0.01% Added +1.6k +1,600
52 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 5,1245.1k $6.1m $6.1m 0.01% Added +388 +388
53 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 5,0065.0k $6.0m $6.0m 0.00% Reduced -39.0k -39,043
54 EPIQ PARTNERS, LLC 2.77% of their portfolio MINNEAPOLIS, MN 4,9775.0k $5.9m $5.9m 2.77% Reduced -10 -10
55 Hudson Capital Management LLC 1.50% of their portfolio RAMSEY, NJ 4,8714.9k $5.8m $5.8m 1.50% Added +188 +188
56 Cannell & Spears LLC 0.11% of their portfolio NEW YORK, NY 4,7534.8k $5.7m $5.7m 0.11% New
57 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 4,5194.5k $5.4m $5.4m 0.01% Reduced -66 -66
58 Aequim Alternative Investments LP 0.10% of their portfolio MILL VALLEY, CA 4,2794.3k $5.1m $5.1m 0.10% New
59 LAFFER TENGLER INVESTMENTS, INC. 0.75% of their portfolio Scottsdale, AZ 4,2134.2k $5.1m $5.1m 0.75% Added +930 +930
60 Ameritas Advisory Services, LLC 0.18% of their portfolio Lincoln, NE 3,8383.8k $4.6m $4.6m 0.18% Reduced -47 -47
61 PALISADE CAPITAL MANAGEMENT, LP 0.15% of their portfolio FORT LEE, NJ 3,7863.8k $4.5m $4.5m 0.15% Reduced -492 -492
62 Peloton Wealth Strategists 1.76% of their portfolio INDIANAPOLIS, IN 3,6453.6k $4.3m $4.3m 1.76% Added +200 +200
63 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,4893.5k $4.2m $4.2m 0.00% Reduced -747 -747
64 Seven Springs Wealth Group, LLC 0.93% of their portfolio BRENTWOOD, TN 3,3783.4k $4.0m $4.0m 0.93% Added +195 +195
65 Cutler Capital Management, LLC 1.10% of their portfolio WORCESTER, MA 3,3553.4k $4.0m $4.0m 1.10% New
66 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 3,3013.3k $3.9m $3.9m 0.01% Reduced -51 -51
67 LAKE STREET PRIVATE WEALTH, LLC 0.44% of their portfolio CHICAGO, IL 2,8762.9k $3.4m $3.4m 0.44% Reduced -9 -9
68 WOLVERINE ASSET MANAGEMENT LLC 0.05% of their portfolio CHICAGO, IL 2,7922.8k $3.3m $3.3m 0.05% Reduced -413 -413
69 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 2,5002.5k $3.0m $3.0m 0.01% Unchanged
70 Marathon Trading Investment Management LLC 0.87% of their portfolio RADNOR, PA 2,4642.5k $2.9m $2.9m 0.87% Unchanged
71 Mariner, LLC 0.00% of their portfolio Overland Park, KS 2,4442.4k $2.9m $2.9m 0.00% Added +1 +1
72 SEARLE & CO. 0.73% of their portfolio GREENWICH, CT 2,4412.4k $2.9m $2.9m 0.73% New
73 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 2,4392.4k $2.9m $2.9m 0.00% Reduced -35 -35
74 KCM INVESTMENT ADVISORS LLC 0.09% of their portfolio GREENBRAE, CA 2,3302.3k $2.8m $2.8m 0.09% Reduced -108 -108
75 AEGON USA Investment Management, LLC 2.10% of their portfolio CEDAR RAPIDS, IA 2,2482.2k $2.7m $2.7m 2.10% Unchanged
76 FOUNDERS CAPITAL MANAGEMENT, LLC 0.43% of their portfolio Hartford, CT 2,2182.2k $2.6m $2.6m 0.43% Reduced -15 -15
77 MONTAG A & ASSOCIATES INC 0.12% of their portfolio ATLANTA, GA 2,1572.2k $2.6m $2.6m 0.12% Reduced -357 -357
78 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 2,1482.1k $2.6m $2.6m 0.00% Reduced -980 -980
79 LexAurum Advisors, LLC 0.33% of their portfolio OVERLAND PARK, KS 2,1322.1k $2.5m $2.5m 0.33% First filing
80 ALEXANDER LABRUNERIE & CO., INC. 0.92% of their portfolio COLUMBIA, MO 2,0622.1k $2.5m $2.5m 0.92% Reduced -75 -75
81 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 2,0552.1k $2.4m $2.4m 0.00% Reduced -157 -157
82 Private Wealth Partners, LLC 0.18% of their portfolio MILL VALLEY, CA 2,0002.0k $2.4m $2.4m 0.18% Unchanged
83 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 1,9992.0k $2.4m $2.4m 0.00% Unchanged
84 Snowden Capital Advisors LLC 0.06% of their portfolio New York, NY 1,9662.0k $2.3m $2.3m 0.06% Added +417 +417
85 Uniplan Investment Counsel, Inc. 0.23% of their portfolio MILWAUKEE, WI 1,9151.9k $2.3m $2.3m 0.23% Reduced -117 -117
86 SHRIER WEALTH MANAGEMENT, LLC 0.75% of their portfolio LOS ANGELES, CA 1,7331.7k $2.1m $2.1m 0.75% Added +30 +30
87 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 1,7061.7k $2.0m $2.0m 0.00% Reduced -2.0k -2,045
88 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 1,5751.6k $1.9m $1.9m 0.00% Unchanged
89 Edgemoor Investment Advisors, Inc. 0.15% of their portfolio BETHESDA, MD 1,5691.6k $1.9m $1.9m 0.15% Reduced -12 -12
90 SUMMITRY LLC 0.07% of their portfolio Foster City, CA 1,5531.6k $1.9m $1.9m 0.07% Reduced -67 -67
91 Curi Capital, LLC 0.03% of their portfolio CHICAGO, IL 1,5011.5k $1.8m $1.8m 0.03% Reduced -100 -100
92 Warberg Asset Management LLC 0.52% of their portfolio WINNETKA, IL 1,5001.5k $1.8m $1.8m 0.52% Added +627 +627
93 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,4541.5k $1.7m $1.7m 0.00% Added +1.3k +1,290
94 Union Bancaire Privee, UBP SA 0.02% of their portfolio GENEVA 1, V8 1,4151.4k $1.4m $1.4m 0.02% Unchanged
95 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 1,3181.3k $1.6m $1.6m 0.00% Added +5 +5
96 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 1,3061.3k $1.6m $1.6m 0.00% Reduced -134 -134
97 JT Stratford LLC 0.20% of their portfolio GAINESVILLE, GA 1,2941.3k $1.5m $1.5m 0.20% Reduced -37 -37
98 DIVERSIFY WEALTH MANAGEMENT, LLC 0.03% of their portfolio SANDY, UT 1,2451.2k $1.5m $1.5m 0.03% New
99 Diversify Advisory Services, LLC 0.23% of their portfolio SANDY, UT 1,2121.2k $1.5m $1.5m 0.23% Added +5 +5
100 Apella Capital, LLC 0.02% of their portfolio WEST HARTFORD, CT 1,2051.2k $1.5m $1.5m 0.02% New