Bank of America Q3 Holdings: Microsoft and NVIDIA are the top two holdings, significantly reducing Apple

Zhitong
2024.11.18 07:57
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Bank of America reported in its third-quarter holdings report for the period ending September 30, 2024, that its total holdings market value reached USD 1.20 trillion, an increase from the previous quarter. Microsoft and NVIDIA were the top two holdings, with approximately 72.56 million shares and 245 million shares held, respectively. Apple, on the other hand, saw a significant reduction in holdings, with a decrease of 34.04%

According to the disclosure by the U.S. Securities and Exchange Commission (SEC), Bank of America submitted its third-quarter holdings report (13F) for the period ending September 30, 2024.

Statistics show that Bank of America's total market value of holdings in the third quarter reached USD 1.20 trillion, compared to USD 1.13 trillion in the previous quarter. In the third quarter, Bank of America added 463 new stocks to its portfolio and increased its holdings in 4,243 stocks. At the same time, Bank of America reduced its holdings in 2,931 stocks and completely exited 512 stocks. Among them, the top ten holdings of Bank of America accounted for 15.98% of the total market value.

In the top five holdings, Microsoft (MSFT.US) ranked first, with approximately 72.56 million shares held, a market value of about USD 31.2 billion, accounting for 2.59% of the portfolio, an increase of 5.29% from the previous quarter.

NVIDIA (NVDA.US) ranked second, with approximately 245 million shares held, a market value of about USD 29.8 billion, accounting for 2.47% of the portfolio, an increase of 19.02% from the previous quarter.

Vanguard Value ETF (VTV.US) ranked third, with 118 million shares held, a market value of about USD 20.7 billion, accounting for 1.71% of the portfolio, an increase of 2.69% from the previous quarter.

Apple (AAPL.US) ranked fourth, with approximately 80.89 million shares held, a market value of about USD 18.8 billion, accounting for 1.56% of the portfolio, a decrease of 34.04% from the previous quarter.

Nasdaq 100 Index ETF Put Options (QQQ.US, PUT) ranked fifth, with approximately 34.96 million shares held, a market value of about USD 17.1 billion, accounting for 1.42% of the portfolio, a decrease of 15.00% from the previous quarter.

The sixth to tenth largest holdings are: SPDR S&P 500 ETF (SPY.US), Vanguard Growth ETF (VUG.US), iShares S&P 500 ETF (IVV.US), iShares Core MSCI EAFE ETF (IEFA.US), and Vanguard S&P 500 ETF (VOO.US). Among them, Bank of America significantly increased its holdings in SPDR S&P 500 ETF and iShares S&P 500 ETF, with the number of shares held increasing by 17.73% and 58.65%, respectively, compared to the previous quarter.

From the changes in holding ratios, the top five purchased securities are: iShares S&P 500 Index ETF, iShares 20+ Year Treasury Bond ETF (TLT.US), SPDR S&P 500 Index ETF put options (SPY.US, PUT), NVIDIA, NVIDIA put options (NVDA.US, PUT).

The top five sold securities are: Apple, Amazon (AMZN.US), Nasdaq 100 Index ETF put options, Eli Lilly (LLY.US), American Express (AXP.US).

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