Vault-13

BANK AMERICA CORP BAC 7.25 PERP L

7.25%CNV PFD L · PUBLIC · CUSIP 060505682

276 institutional holders +1 vs Q1 2026
1,827,1531.8m shares reported held*
$2.4bnreported value*
18 new 61 added 86 reduced 15 sold out net bought ≈ $102.5m (+79.0k 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 ($7.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1290.07.

Trends to Q2 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: 275Q2 26: 276276Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 2026276

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 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 25Q3 25: 83 bought or addedQ3 25: 94 cut or sold outQ4 25: 87 bought or addedQ4 25: 90 cut or sold outQ4 25Q1 26: 96 bought or addedQ1 26: 88 cut or sold outQ2 26: 79 bought or addedQ2 26: 101 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20249384
Q4 20248497
Q1 20258695
Q2 202578108
Q3 20258394
Q4 20258790
Q1 20269688
Q2 202679101

Biggest buyers

CSS LLC/IL Added +40,058+40.1k
Walleye Capital LLC New +32,281+32.3k
First Eagle Investment Management, LLC Added +29,641+29.6k
Hudson Bay Capital Management LP Added +28,176+28.2k
Lombard Odier Asset Management (Europe) Ltd New +11,317+11.3k
WELLS FARGO & COMPANY/MN Added +9,587+9.6k
CAMDEN ASSET MANAGEMENT L P /CA Added +7,626+7.6k
STATE STREET CORP Added +5,893+5.9k
UBS Group AG Added +5,134+5.1k
VICTORY CAPITAL MANAGEMENT INC Added +2,878+2.9k

Biggest sellers

Verition Fund Management LLC Reduced -285,000-285.0k
TWO SIGMA INVESTMENTS, LP Reduced -24,612-24.6k
VOYA INVESTMENT MANAGEMENT LLC Reduced -18,200-18.2k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -13,223-13.2k
Invesco Ltd. Reduced -8,809-8.8k
ZAZOVE ASSOCIATES LLC Reduced -7,557-7.6k
ICON ADVISERS INC/CO Sold out -7,174-7.2k
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -2,896-2.9k
ALLIANCEBERNSTEIN L.P. Reduced -2,802-2.8k
SEARLE & CO. Sold out -2,441-2.4k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Verition Fund Management LLC 0.04% of their portfolio GREENWICH, CT 4,688,0004.7m $5.9m $5.9m 0.04% Reduced -285.0k -285,000
2 VOYA INVESTMENT MANAGEMENT LLC 0.25% of their portfolio ATLANTA, GA 226,135226.1k $283.7m $283.7m 0.25% Reduced -18.2k -18,200
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 158,772158.8k $199.2m $199.2m 0.00% Reduced -2.2k -2,246
4 ADVENT CAPITAL MANAGEMENT /DE/ 4.19% of their portfolio NEW YORK, NY 146,276146.3k $183.9m $183.9m 4.19% Reduced -2.9k -2,896
5 CAMDEN ASSET MANAGEMENT L P /CA 2.90% of their portfolio Los Angeles, CA 79,48879.5k $99.7m $99.7m 2.90% Added +7.6k +7,626
6 VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio San Antonio, TX 72,89772.9k $91.4m $91.4m 0.05% Added +2.9k +2,878
7 TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio NEW YORK, NY 69,77269.8k $87.5m $87.5m 0.07% Reduced -24.6k -24,612
8 Hudson Bay Capital Management LP 0.38% of their portfolio STAMFORD, CT 64,36864.4k $80.7m $80.7m 0.38% Added +28.2k +28,176
9 First Eagle Investment Management, LLC 0.06% of their portfolio NEW YORK, NY 59,28259.3k $74.4m $74.4m 0.06% Added +29.6k +29,641
10 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 57,33357.3k $71.9m $71.9m 0.01% Reduced -158 -158
11 CSS LLC/IL 2.81% of their portfolio CHICAGO, IL 50,37250.4k $63.3m $63.3m 2.81% Added +40.1k +40,058
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 46,35646.4k $58.1m $58.1m 0.00% Added +5.9k +5,893
13 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 42,89842.9k $53.9m $53.9m 0.02% Reduced -196 -196
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 38,87838.9k $48.8m $48.8m 0.00% Reduced -897 -897
15 ZAZOVE ASSOCIATES LLC 3.69% of their portfolio INCLINE VILLAGE, NV 35,92535.9k $45.1m $45.1m 3.69% Reduced -7.6k -7,557
16 Walleye Capital LLC 0.19% of their portfolio NEW YORK, NY 32,28132.3k $40.6m $40.6m 0.19% New
17 FMR LLC 0.00% of their portfolio BOSTON, MA 32,20632.2k $40.4m $40.4m 0.00% Reduced -1.6k -1,562
18 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 30,10830.1k $37.8m $37.8m 0.03% Reduced -13.2k -13,223
19 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 28,74628.7k $36.1m $36.1m 0.01% Added +9.6k +9,587
20 Calamos Advisors LLC 0.13% of their portfolio NAPERVILLE, IL 27,72527.7k $34.8m $34.8m 0.13% Reduced -469 -469
21 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.04% of their portfolio CAUSEWAY BAY, K3 27,24527.2k $34.2m $34.2m 0.04% Added +107 +107
22 Advisors Capital Management, LLC 0.36% of their portfolio RIDGEWOOD, NJ 27,02227.0k $33.9m $33.9m 0.36% Added +2.2k +2,198
23 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 26,34426.3k $33.0m $33.0m 0.01% Reduced -604 -604
24 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 23,99324.0k $30.1m $30.1m 0.05% Added +260 +260
25 UBS Group AG 0.00% of their portfolio ZURICH, V8 22,71522.7k $28.5m $28.5m 0.00% Added +5.1k +5,134
26 MacKay Shields LLC 0.88% of their portfolio New York, NY 20,80620.8k $26.1m $26.1m 0.88% Reduced -61 -61
27 LORD, ABBETT & CO. LLC 0.06% of their portfolio JERSEY CITY, NJ 17,65417.7k $22.2m $22.2m 0.06% Unchanged
28 SSI INVESTMENT MANAGEMENT LLC 1.21% of their portfolio Los Angeles, CA 16,64316.6k $20.9m $20.9m 1.21% Added +334 +334
29 VILLERE ST DENIS J & CO LLC 2.47% of their portfolio New Orleans, LA 16,52216.5k $20.7m $20.7m 2.47% Reduced -2.1k -2,090
30 PIER 88 INVESTMENT PARTNERS LLC 4.85% of their portfolio SAN FRANCISCO, CA 16,25316.3k $20.4m $20.4m 4.85% Added +2.6k +2,600
31 EVERETT HARRIS & CO /CA/ 0.22% of their portfolio LOS ANGELES, CA 14,11514.1k $17.7m $17.7m 0.22% Reduced -110 -110
32 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 13,14913.1k $16.5m $16.5m 0.02% Reduced -107 -107
33 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 13,06213.1k $15.6m $15.6m 0.00% Added +1.0k +1,032
34 Phraction Management LLC 3.68% of their portfolio COLCHESTER, CT 12,15812.2k $15.3m $15.3m 3.68% Reduced -67 -67
35 Lombard Odier Asset Management (Europe) Ltd 0.61% of their portfolio LONDON, X0 11,31711.3k $14.2m $14.2m 0.61% New
36 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 10,89910.9k $13.7m $13.7m 0.00% Reduced -400 -400
37 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 9,6069.6k $12.1m $12.1m 0.00% Reduced -8.8k -8,809
38 NEW ENGLAND ASSET MANAGEMENT INC 1.37% of their portfolio FARMINGTON, CT 9,4359.4k $11.8m $11.8m 1.37% Unchanged
39 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 9,1809.2k $115 $115 0.00% Unchanged
40 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 8,5308.5k $10.7m $10.7m 0.00% Added +214 +214
41 RATIONAL ADVISORS, INC. 0.93% of their portfolio San Juan, PR 8,0488.0k $10.1m $10.1m 0.93% Unchanged
42 Skaana Management L.P. 2.51% of their portfolio BROOKLYN, NY 7,5927.6k $9.4m $9.4m 2.51% Reduced -1.2k -1,230
43 CONNING INC. 0.27% of their portfolio HARTFORD, CT 7,2357.2k $9.1m $9.1m 0.27% Unchanged
44 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 7,0447.0k $8.8m $8.8m 0.00% Reduced -54 -54
45 RB Capital Management, LLC 1.69% of their portfolio RENO, NV 6,8706.9k $8.6m $8.6m 1.69% Reduced -188 -188
46 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,7126.7k $8.4m $8.4m 0.00% Added +327 +327
47 Xcel Wealth Management, LLC 1.96% of their portfolio Holly Hill, FL 6,6206.6k $8.2m $8.2m 1.96% Added +760 +760
48 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 6,3346.3k $7.9m $7.9m 0.01% Added +1.1k +1,142
49 Stratos Wealth Partners, LTD. 0.08% of their portfolio BEACHWOOD, OH 6,2846.3k $7.9m $7.9m 0.08% Added +49 +49
50 NOMURA HOLDINGS INC 0.03% of their portfolio TOKYO, M0 6,2506.2k $7.8m $7.8m 0.03% Reduced -922 -922
51 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 5,4195.4k $6.8m $6.8m 0.01% Added +900 +900
52 WHALEROCK POINT PARTNERS, LLC 1.10% of their portfolio West Palm Beach, FL 5,1525.2k $6.5m $6.5m 1.10% Reduced -155 -155
53 Ameritas Advisory Services, LLC 0.13% of their portfolio Lincoln, NE 5,0445.0k $6.3m $6.3m 0.13% Added +1.2k +1,206
54 EPIQ PARTNERS, LLC 2.65% of their portfolio MINNEAPOLIS, MN 4,9785.0k $6.2m $6.2m 2.65% Added +1 +1
55 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 4,9595.0k $5.9m $5.9m 0.00% Reduced -2.8k -2,802
56 Hudson Capital Management LLC 1.50% of their portfolio RAMSEY, NJ 4,9545.0k $6.2m $6.2m 1.50% Added +83 +83
57 Cutler Capital Management, LLC 1.60% of their portfolio WORCESTER, MA 4,9054.9k $6.2m $6.2m 1.60% Added +1.6k +1,550
58 Cannell & Spears LLC 0.11% of their portfolio NEW YORK, NY 4,7204.7k $5.9m $5.9m 0.11% Reduced -33 -33
59 LAFFER TENGLER INVESTMENTS, INC. 0.69% of their portfolio Scottsdale, AZ 4,2944.3k $5.4m $5.4m 0.69% Added +81 +81
60 Aequim Alternative Investments LP 0.08% of their portfolio MILL VALLEY, CA 4,2794.3k $5.4m $5.4m 0.08% Unchanged
61 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 3,8643.9k $4.8m $4.8m 0.00% Reduced -1.3k -1,260
62 Peloton Wealth Strategists 1.69% of their portfolio INDIANAPOLIS, IN 3,6503.6k $4.6m $4.6m 1.69% Added +5 +5
63 Seven Springs Wealth Group, LLC 1.00% of their portfolio BRENTWOOD, TN 3,6443.6k $4.6m $4.6m 1.00% Added +266 +266
64 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,6023.6k $4.5m $4.5m 0.00% Added +113 +113
65 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 3,4773.5k $4.4m $4.4m 0.00% Reduced -1.5k -1,529
66 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 3,1783.2k $4.0m $4.0m 0.01% Reduced -123 -123
67 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 3,0403.0k $3.8m $3.8m 0.00% Added +985 +985
68 PALISADE CAPITAL MANAGEMENT, LP 0.17% of their portfolio FORT LEE, NJ 3,0243.0k $3.8m $3.8m 0.17% Reduced -762 -762
69 WOLVERINE ASSET MANAGEMENT LLC 0.05% of their portfolio CHICAGO, IL 2,7922.8k $3.5m $3.5m 0.05% Unchanged
70 LAKE STREET PRIVATE WEALTH, LLC 0.40% of their portfolio CHICAGO, IL 2,7802.8k $3.5m $3.5m 0.40% Reduced -96 -96
71 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 2,5002.5k $3.1m $3.1m 0.01% Unchanged
72 Mariner, LLC 0.00% of their portfolio Overland Park, KS 2,4662.5k $3.1m $3.1m 0.00% Added +22 +22
73 Marathon Trading Investment Management LLC 0.35% of their portfolio RADNOR, PA 2,4642.5k $3.1m $3.1m 0.35% Unchanged
74 KCM INVESTMENT ADVISORS LLC 0.09% of their portfolio GREENBRAE, CA 2,3262.3k $2.9m $2.9m 0.09% Reduced -4 -4
75 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 2,2862.3k $2.9m $2.9m 0.00% Reduced -153 -153
76 AEGON USA Investment Management, LLC 2.02% of their portfolio CEDAR RAPIDS, IA 2,2482.2k $2.8m $2.8m 2.02% Unchanged
77 FOUNDERS CAPITAL MANAGEMENT, LLC 0.42% of their portfolio Hartford, CT 2,2172.2k $2.8m $2.8m 0.42% Reduced -1 -1
78 MONTAG A & ASSOCIATES INC 0.11% of their portfolio ATLANTA, GA 2,1572.2k $2.7m $2.7m 0.11% Unchanged
79 LexAurum Advisors, LLC 0.31% of their portfolio OVERLAND PARK, KS 2,1302.1k $2.7m $2.7m 0.31% Reduced -2 -2
80 ALEXANDER LABRUNERIE & CO., INC. 0.89% of their portfolio COLUMBIA, MO 2,0212.0k $2.5m $2.5m 0.89% Reduced -41 -41
81 Private Wealth Partners, LLC 0.18% of their portfolio MILL VALLEY, CA 2,0002.0k $2.5m $2.5m 0.18% Unchanged
82 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 1,9642.0k $2.5m $2.5m 0.00% New
83 Snowden Capital Advisors LLC 0.06% of their portfolio New York, NY 1,9622.0k $2.5m $2.5m 0.06% Reduced -4 -4
84 Uniplan Investment Counsel, Inc. 0.21% of their portfolio MILWAUKEE, WI 1,8161.8k $2.3m $2.3m 0.21% Reduced -99 -99
85 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 1,7501.8k $2.2m $2.2m 0.00% Added +44 +44
86 SHRIER WEALTH MANAGEMENT, LLC 0.72% of their portfolio LOS ANGELES, CA 1,7131.7k $2.1m $2.1m 0.72% Reduced -20 -20
87 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 1,7051.7k $2.1m $2.1m 0.00% Reduced -443 -443
88 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 1,6491.6k $2.1m $2.1m 0.00% Added +1.2k +1,202
89 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 1,5751.6k $2.0m $2.0m 0.00% Unchanged
90 SUMMITRY LLC 0.06% of their portfolio Foster City, CA 1,5511.6k $1.9m $1.9m 0.06% Reduced -2 -2
91 Edgemoor Investment Advisors, Inc. 0.13% of their portfolio BETHESDA, MD 1,5191.5k $1.9m $1.9m 0.13% Reduced -50 -50
92 Curi Capital, LLC 0.03% of their portfolio CHICAGO, IL 1,4941.5k $1.9m $1.9m 0.03% Reduced -7 -7
93 Union Bancaire Privee, UBP SA 0.02% of their portfolio GENEVA 1, V8 1,4151.4k $1.5m $1.5m 0.02% Unchanged
94 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 1,4091.4k $1.8m $1.8m 0.00% Added +260 +260
95 Diversify Advisory Services, LLC 0.03% of their portfolio SANDY, UT 1,3291.3k $1.7m $1.7m 0.03% Added +117 +117
96 DIVERSIFY WEALTH MANAGEMENT, LLC 0.03% of their portfolio SANDY, UT 1,3291.3k $1.7m $1.7m 0.03% Added +84 +84
97 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 1,2991.3k $1.6m $1.6m 0.00% Reduced -19 -19
98 Apella Capital, LLC 0.02% of their portfolio WEST HARTFORD, CT 1,1901.2k $1.5m $1.5m 0.02% Reduced -15 -15
99 Warberg Asset Management LLC 0.44% of their portfolio WINNETKA, IL 1,1801.2k $1.5m $1.5m 0.44% Reduced -320 -320
100 HUNTINGTON NATIONAL BANK 0.01% of their portfolio COLUMBUS, OH 1,1361.1k $1.4m $1.4m 0.01% Unchanged