Pinnbrook Capital Reduces Bank of America Stake by 77.9%

Hedge fund sells 164,062 shares of financial services provider in Q3

Mar. 14, 2026 at 9:22am

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Pinnbrook Capital Management LP reduced its position in Bank of America Corporation (NYSE:BAC) by 77.9% in the third quarter, according to a recent SEC filing. The fund now owns 46,657 shares of the financial services provider's stock after selling 164,062 shares during the period.

Why it matters

This filing provides insight into the investment strategy and portfolio changes of Pinnbrook Capital Management, a hedge fund that manages a sizable portfolio. The reduction in Bank of America shares may signal the fund's view on the financial services sector or the bank's prospects.

The details

According to the SEC filing, Pinnbrook Capital Management's holdings in Bank of America were worth $2,407,000 at the end of the most recent reporting period. The fund's stake in the company was reduced from 210,719 shares to 46,657 shares, a 77.9% decrease.

  • Pinnbrook Capital Management reduced its Bank of America position in the third quarter of 2026.

The players

Pinnbrook Capital Management LP

A hedge fund that manages a portfolio of investments, including a position in Bank of America Corporation.

Bank of America Corporation

A multinational financial services company headquartered in Charlotte, North Carolina, providing a range of banking, investment, and asset management services.

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The takeaway

The reduction in Pinnbrook Capital Management's Bank of America stake suggests the fund may have a more cautious outlook on the financial services sector or the bank's performance. Investors will likely monitor any further changes in the fund's portfolio and analyst commentary on Bank of America's prospects.