LGT Fund Management Co Ltd. Boosts Bank of America Holdings

Institutional investor increases stake in financial services provider by 31.4% in Q3

Published on Mar. 9, 2026

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LGT Fund Management Co Ltd. increased its position in Bank of America Corporation (NYSE:BAC) by 31.4% during the third quarter, according to the company's recent Form 13F filing with the SEC. The institutional investor now owns 126,755 shares of the financial services provider's stock, valued at $6,424,000 at the end of the reporting period.

Why it matters

This transaction highlights the continued institutional investor interest in Bank of America, one of the largest financial institutions in the United States. The 31.4% increase in LGT Fund Management's stake suggests confidence in the bank's performance and future prospects.

The details

According to the filing, LGT Fund Management Co Ltd. purchased an additional 30,282 shares of Bank of America during the third quarter, bringing its total holdings to 126,755 shares. The shares were purchased at an average price of $50.68 per share, valuing the total position at $6,424,000.

  • LGT Fund Management Co Ltd. increased its position in Bank of America during the third quarter of 2026.

The players

LGT Fund Management Co Ltd.

An institutional investor that manages funds and portfolios for clients.

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 increased stake by LGT Fund Management Co Ltd. in Bank of America suggests continued institutional confidence in the financial institution's performance and growth potential, despite broader market volatility.