Bank of America Shares Sold by Aptus Capital Advisors

Hedge fund lowers stake in financial services giant by 68% in third quarter

Published on Mar. 7, 2026

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Aptus Capital Advisors LLC lowered its stake in shares of Bank of America Corporation (NYSE:BAC) by 68.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 227,608 shares of the financial services provider's stock after selling 482,789 shares during the period.

Why it matters

This filing provides insight into the investment strategies of Aptus Capital Advisors, a hedge fund that manages over $2 billion in assets. The significant reduction in their Bank of America holdings could signal a broader shift in sentiment around the financial services sector.

The details

Aptus Capital Advisors' holdings in Bank of America were worth $11,742,000 at the end of the most recent quarter, down from $36,742,000 in the prior quarter. The firm cited unspecified reasons for the sell-off, which represented a 68% reduction in their position.

  • Aptus Capital Advisors filed the 13F report for the third quarter of 2026.

The players

Aptus Capital Advisors LLC

A hedge fund that manages over $2 billion in assets and has reduced its stake in Bank of America by 68% in the third quarter.

Bank of America Corporation

A multinational financial services company headquartered in Charlotte, North Carolina that provides a broad array of banking, investment, asset management and related financial and risk management products and services.

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The takeaway

The significant reduction in Aptus Capital Advisors' Bank of America holdings could signal broader uncertainty around the financial services sector, though the specific reasons behind the firm's investment decisions are not entirely clear from the filing.