Korea Investment CORP Sells 1,052,006 Shares of Bank of America Corporation

Institutional investor reduces stake in major U.S. bank

Published on Mar. 8, 2026

Got story updates? Submit your updates here. ›

Korea Investment CORP, a major institutional investor, has reduced its stake in Bank of America Corporation (NYSE:BAC) by 19% in the third quarter, selling 1,052,006 shares. The firm now owns 4,479,524 shares, or about 0.06% of the bank's outstanding stock, valued at $231,099,000 as of its most recent SEC filing.

Why it matters

The reduction in Korea Investment CORP's stake in Bank of America is noteworthy as it reflects changes in the investment strategies and portfolio allocations of major institutional investors. Tracking the trading activity of large investors can provide insights into broader market trends and sentiment.

The details

According to the SEC filing, Korea Investment CORP sold 1,052,006 shares of Bank of America stock during the third quarter, reducing its total position by 19%. The firm now holds 4,479,524 shares, making it one of the bank's larger institutional investors. Bank of America is the 29th largest holding in Korea Investment CORP's investment portfolio.

  • The share sale occurred in the third quarter of the most recent fiscal year.

The players

Korea Investment CORP

A major South Korean sovereign wealth fund and institutional investor.

Bank of America Corporation

A multinational financial services company headquartered in Charlotte, North Carolina, providing consumer banking, wealth management, and investment banking services.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Korea Investment CORP's stake in Bank of America reflects broader shifts in the investment strategies of major institutional investors. While the reasons behind the portfolio adjustment are not explicitly stated, tracking the trading activity of large funds can provide valuable insights into market sentiment and broader economic trends.