Bank of America Shares Sold by Holocene Advisors LP

Hedge fund reduces stake in financial services provider by over 40%

Mar. 16, 2026 at 11:06am

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Holocene Advisors LP, a major hedge fund, has reduced its position in Bank of America Corporation (NYSE: BAC) by 40.3% during the third quarter, according to a recent SEC filing. The fund now owns 2,067,045 shares of the financial services provider's stock, down from 3,459,720 shares previously.

Why it matters

This move by a prominent hedge fund could signal a shift in investor sentiment towards Bank of America, one of the largest banks in the United States. Holocene's decision to significantly reduce its stake may influence how other institutional investors view the company's prospects.

The details

According to the 13F filing, Holocene Advisors sold 1,392,675 shares of Bank of America stock during the third quarter. The fund's remaining position is valued at $106,639,000. Bank of America's stock price has fluctuated in recent months, trading between $33.06 and $57.55 over the past 52 weeks.

  • Holocene Advisors reduced its Bank of America stake during the 3rd quarter of 2026.

The players

Holocene Advisors LP

A prominent hedge fund that has reduced its 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

Holocene Advisors' decision to significantly reduce its stake in Bank of America could signal a shift in investor sentiment towards the financial services provider. This move by a major hedge fund may influence how other institutional investors view the company's prospects going forward.