Quilter Plc Reduces Stake in Bank of America

Asset manager sells 28,733 shares of financial services giant

Apr. 6, 2026 at 11:14am

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Quilter Plc, a UK-based asset management firm, lowered its stake in Bank of America Corporation (NYSE: BAC) by 1.9% during the fourth quarter, according to a recent SEC filing. The firm now owns 1,516,556 shares of the financial services provider's stock, valued at $83.4 million.

Why it matters

This transaction provides insight into the investment strategy and portfolio adjustments of a major institutional investor. Tracking the trading activity of large asset managers can offer clues about broader market trends and investor sentiment around specific companies or sectors.

The details

Quilter Plc sold 28,733 shares of Bank of America stock during the fourth quarter, reducing its overall position in the company to approximately 1.4% of its total holdings. Bank of America remains Quilter's 25th largest holding. The asset manager cited portfolio rebalancing and risk management as factors behind the share sale.

  • Quilter Plc filed the SEC disclosure on April 6, 2026.
  • The share sale occurred during the fourth quarter of 2025.

The players

Quilter Plc

A UK-based asset management firm that oversees over $150 billion in client assets.

Bank of America Corporation

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

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The takeaway

This transaction reflects the ongoing portfolio adjustments and risk management strategies employed by major institutional investors like Quilter Plc. While the sale represents a relatively small reduction in Quilter's Bank of America position, it provides a window into the investment decision-making process of a prominent asset manager.