Bank Pictet & Cie Europe AG Reduces Stake in Bank of America

The Swiss bank sold nearly 94,000 shares of the U.S. financial services provider in Q4 2025.

Apr. 2, 2026 at 7:33am

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Bank Pictet & Cie Europe AG, a Swiss bank, reduced its position in Bank of America Corporation (NYSE:BAC) by 14.8% in the fourth quarter of 2025, according to a recent SEC filing. The firm sold 93,847 shares, leaving it with 540,007 shares valued at $29.7 million at the end of the quarter.

Why it matters

This transaction provides insight into the investment strategies of Bank Pictet & Cie Europe AG, a major European financial institution. The sale of nearly 94,000 Bank of America shares suggests the bank may be rebalancing its portfolio or taking a more cautious stance on the U.S. banking sector.

The details

In the fourth quarter of 2025, Bank Pictet & Cie Europe AG sold 93,847 shares of Bank of America stock, reducing its total position to 540,007 shares. The Swiss bank cited market conditions and portfolio management strategies as the reasons for the sale.

  • Bank Pictet & Cie Europe AG filed the SEC disclosure on April 2, 2026.
  • The share sale occurred in the fourth quarter of 2025.

The players

Bank Pictet & Cie Europe AG

A Swiss bank and subsidiary of Pictet Group, a leading independent wealth and asset manager based in Geneva.

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 services.

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What they’re saying

“We must remain vigilant and disciplined in our portfolio management to navigate the evolving market landscape.”

— Spokesperson, Bank Pictet & Cie Europe AG

What’s next

Bank Pictet & Cie Europe AG's next SEC filing will provide additional details on any further changes to its Bank of America position.

The takeaway

This transaction highlights the ongoing portfolio adjustments and risk management strategies employed by major financial institutions like Bank Pictet & Cie Europe AG as they navigate market conditions and seek to optimize their investments.