BDF Gestion Trims Stake in Bank of America

Asset management firm reduces its holdings in financial services giant by nearly 24% in Q4 2025

Mar. 24, 2026 at 8:22am

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BDF Gestion, an investment management firm, reduced its position in Bank of America Corporation (NYSE:BAC) by 23.7% during the fourth quarter of 2025, according to a recent 13F filing with the SEC. The firm now owns 143,046 shares of the financial services provider's stock, down from 187,578 shares held previously.

Why it matters

Bank of America is one of the largest financial institutions in the United States, and changes in institutional ownership can signal shifts in market sentiment around the company. This transaction provides insight into how one investment management firm is adjusting its exposure to BAC as the company navigates the evolving financial landscape.

The details

According to the 13F filing, BDF Gestion sold 44,532 shares of Bank of America stock during the fourth quarter of 2025. This reduced the firm's total holdings in BAC to 143,046 shares, which made up approximately 1.0% of its overall portfolio at the time.

  • BDF Gestion filed the 13F report disclosing the transaction on March 24, 2026.
  • The share sale occurred during the fourth quarter of 2025.

The players

BDF Gestion

An investment management firm that reduced its stake in Bank of America Corporation during the fourth quarter of 2025.

Bank of America Corporation

A multinational financial services company headquartered in Charlotte, North Carolina, providing a broad array of banking, investment, asset management, and related financial and risk management products and services.

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The takeaway

This transaction reflects an institutional investor's decision to trim its exposure to one of the largest banks in the United States, potentially signaling a shift in market sentiment or portfolio rebalancing strategy. However, without additional context, it is difficult to draw broader conclusions about the outlook for Bank of America or the financial sector as a whole.