Meiji Yasuda Asset Management Reduces Bank of America Stake

Japanese asset manager sells over 75,000 shares of financial services giant

Published on Mar. 9, 2026

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Meiji Yasuda Asset Management Co Ltd. lowered its position in Bank of America Corporation (NYSE:BAC) by 64.1% in the 3rd quarter, according to the company's recent SEC filing. The fund now owns 42,510 shares of the financial services provider's stock, down from 118,498 shares previously.

Why it matters

This filing provides insight into the investment strategy of Meiji Yasuda Asset Management, a major Japanese institutional investor. The reduction in their Bank of America holdings could signal a broader shift in sentiment around the stock or the financial sector more broadly.

The details

In the 3rd quarter, Meiji Yasuda Asset Management sold 75,988 shares of Bank of America, reducing their total position to 42,510 shares valued at $2.19 million as of the latest filing. The move comes as Bank of America's stock has seen some volatility in recent months, trading between $33.06 and $57.55 over the past 52 weeks.

  • Meiji Yasuda Asset Management filed the 3rd quarter disclosure with the SEC in late 2026.

The players

Meiji Yasuda Asset Management Co Ltd.

A major Japanese asset management firm that oversees over $500 billion in client assets.

Bank of America Corporation

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

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The takeaway

This filing highlights the investment decisions of a prominent Japanese institutional investor and could signal broader shifts in sentiment around Bank of America and the financial sector. However, without additional context, it's difficult to draw firm conclusions about the motivations behind Meiji Yasuda's portfolio changes.