Bank of America Corp.
The book · Q1 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | VTV | VANGUARD INDEX FDS | 110.68M | $21.7B | 1.6% | −3% |
| 2 | VUG | VANGUARD INDEX FDS | 44.76M | $19.6B | 1.4% | +14% |
| 3 | NVDA | NVIDIA CORPORATION | 85.23M | $14.9B | 1.1% | +2% |
| 4 | IEFA | ISHARES TR | 147.51M | $13.4B | 1.0% | −11% |
| 5 | IEMG | ISHARES INC | 177.95M | $12.4B | 0.9% | +27% |
| 6 | AAPL | APPLE INC | 45.32M | $11.5B | 0.8% | −2% |
| 7 | MSFT | MICROSOFT CORP | 30.11M | $11.1B | 0.8% | −3% |
| 8 | VOO | VANGUARD INDEX FDS | 16.24M | $9.7B | 0.7% | +1% |
| 9 | GOVT | ISHARES TR | 418.63M | $9.6B | 0.7% | +20% |
| 10 | GOOGL | ALPHABET INC | 32.87M | $9.5B | 0.7% | ±0% |
Where the money is
AC read
Bank of America's most recent 13F filing reflects the structural characteristics typical of a large dealer-bank aggregating positions across its wealth management, custody, and institutional advisory arms rather than expressing a singular investment view. With 29,308 reported positions and a Herfindahl-Hirschman Index of just 0.003, the portfolio is about as diversified as a 13F filer can be, and the top 10 holdings account for only 10.0% of reported value. The holdings list is dominated by broad-market ETF exposure, with multiple tranches of VTV and VUG appearing separately (likely reflecting different custodial or advisory sleeves rather than distinct trading decisions), alongside SPY and IEFA, and single-name exposure to MSFT. This pattern is consistent with an institution aggregating client-directed and discretionary managed accounts across index and factor-based strategies rather than running concentrated proprietary bets.
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