Hartford Funds Reduces Stake in Bank of America

Institutional investor cuts holdings in financial services giant by over 65%

Published on Mar. 9, 2026

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Hartford Funds Management Co LLC decreased its holdings in shares of Bank of America Corporation (NYSE:BAC) by 65.5% in the 3rd quarter, according to the company's recent Form 13F filing with the Securities & Exchange Commission. The fund now owns 10,341 shares of the financial services provider's stock, down from 29,955 shares previously.

Why it matters

This move by a major institutional investor highlights the ongoing volatility and uncertainty in the banking sector, as rising interest rates, economic headwinds, and regulatory changes continue to impact the performance of large financial institutions like Bank of America.

The details

According to the 13F filing, Hartford Funds sold 19,614 shares of Bank of America stock during the third quarter, reducing its total holdings to 10,341 shares valued at $534,000. The filing also shows that other major investors, including Meridian Wealth Management LLC and Lockheed Martin Investment Management Co., increased or decreased their positions in Bank of America during the same period.

  • Hartford Funds reported the stake reduction in its 13F filing for the 3rd quarter of 2026.

The players

Hartford Funds Management Co LLC

An investment management firm that oversees a variety of mutual funds, ETFs, and other investment products.

Bank of America Corporation

A multinational financial services company headquartered in Charlotte, North Carolina that provides banking, investment, asset management, and other financial services to individual and institutional clients.

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The takeaway

This filing highlights the ongoing challenges facing the banking industry, as institutions navigate a complex economic and regulatory environment. Investors will be closely watching to see how Bank of America and other major financial firms perform in the coming quarters.