BAC · News · 20260917N

Institutional Portfolio Reshaping

BANK OF AMERICA CORP /DE/ · 2026-09-17 · Importance 26 · Surprise 24

Bank of America reported new second-quarter equity positions across financial, industrial, energy, consumer, healthcare and technology companies, including $348.8 million in Crown Castle, $347.9 million in Cincinnati Financial and $332.8 million in CenterPoint Energy. Other purchases included $321.3 million of Royal Caribbean, $320.9 million of Ameriprise Financial, $318.4 million of Southern Copper and $296.3 million of WESCO International. The bank also acquired $289.3 million of Hasbro, $285.3 million of FormFactor, $281.9 million of Casey’s General Stores and $281.5 million of Keurig Dr Pepper. BofA reduced its M&T Bank position by 284,003 shares, a 17.7% stake reduction, while increasing its Diamondback Energy holding by 8.9%.

Key facts

• Bank of America Corp DE increased its stake in Diamondback Energy by 8.9% in the second quarter, holding approximately 1.49 million shares valued at $261.8 million. source
• Bank of America CEO Brian T. Moynihan exercised 18,082 cash-settled restricted stock units and simultaneously returned an equal number of shares to the issuer, with the shares returned at $59.52 each, resulting in no change to his direct common share position from this award. source
• Bank of America Corp DE made a new investment of $251.25 million in Royal Bank Of Canada, acquiring 1,213,945 shares during the second quarter. source
• Bank of America Corp DE acquired 6.44 million shares of Archrock, Inc. valued at approximately $262.1 million, representing 3.67% of the company. source
• Bank of America Corp DE made a new investment of $296.30 million in WESCO International, Inc., acquiring 857,783 shares during the second quarter. source
• Bank of America Corp DE acquired over 3.18 million shares of Citizens Financial Group in the second quarter, valuing the new position at approximately $223.4 million and representing a 0.76% stake. source
• Bank of America Corp DE acquired 14,482,331 shares of Huntington Bancshares worth approximately $256.8 million, representing a 0.72% stake. source
• Bank of America Corp DE took a $348.78 million position in Crown Castle Inc., purchasing 4.61 million shares valued at approximately $348.8 million, representing a 1.08% stake. source