Bank of America Increases Stake in Fastenal Company

Institutional investor adds over 173,000 shares of industrial supplier

Mar. 17, 2026 at 7:35am

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Bank of America Corp DE grew its stake in Fastenal Company (NASDAQ:FAST) by 1.1% in the third quarter, according to the company's latest 13F filing with the Securities & Exchange Commission. The institutional investor now owns 15,604,974 shares of the company's stock, worth approximately $765 million.

Why it matters

Fastenal is a major industrial and construction supplier, and changes in ownership by large institutional investors like Bank of America can signal broader market sentiment and investment trends around the company and its industry.

The details

Bank of America added 173,581 shares of Fastenal to its portfolio in the third quarter, increasing its total stake to 1.36% of the company's outstanding shares. Fastenal is a wholesale distributor of industrial and construction supplies, best known for its wide range of fasteners and other MRO products.

  • Bank of America filed its 13F report for the third quarter of 2026 on March 17, 2026.

The players

Bank of America Corp DE

A major American multinational investment bank and financial services company headquartered in Charlotte, North Carolina.

Fastenal Company

A publicly traded wholesale distributor of industrial and construction supplies, headquartered in Winona, Minnesota.

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The takeaway

Bank of America's increased stake in Fastenal signals continued institutional confidence in the industrial supplier's business and growth prospects, despite broader economic uncertainty.