10 Largest Bank Of America Shareholders In 2023

Bank of America Corporation (BAC) is one of the largest financial institutions in the United States, with a market capitalization of over $340 billion.

As of March 2023, the top 10 shareholders in BAC are as follows:

1. Berkshire Hathaway, Inc.

With a 12.62% stake in BAC, Berkshire Hathaway is the largest shareholder in the company, owning over 1 billion shares worth approximately $34.6 billion.

2. The Vanguard Group, Inc.

Holding a 7.22% stake in BAC, The Vanguard Group owns over 577 million shares worth approximately $19.8 billion.

3. BlackRock Fund Advisors

With a 3.88% stake, BlackRock owns over 310 million shares worth approximately $10.7 billion.

4. SSgA Funds Management, Inc.

Holding a 3.72% stake, SSgA owns over 297 million shares worth approximately $10.2 billion.

5. Fidelity Management & Research Co.

With a 2.42% stake, Fidelity owns over 193 million shares worth approximately $6.7 billion.

6. T. Rowe Price Associates, Inc. (Investment Management)

Holding a 1.59% stake, T. Rowe Price owns over 127 million shares worth approximately $4.4 billion.

7. Geode Capital Management LLC

With a 1.55% stake, Geode owns over 123 million shares worth approximately $4.2 billion.

8. Norges Bank Investment Management

Holding a 1.30% stake, Norges Bank owns over 103 million shares worth approximately $3.6 billion.

9. Capital Research & Management Co. (Global Investors)

With a 1.11% stake, Capital Research owns over 88 million shares worth approximately $3.1 billion.

10. JP Morgan Investment Management, Inc.

Holding a 1.09% stake, JP Morgan owns over 87 million shares worth approximately $3.0 billion.

Conclusion

These top 10 shareholders collectively own approximately 36% of BAC, indicating significant investor interest in the financial giant.

While Berkshire Hathaway remains the largest shareholder, several other institutional investors also hold sizeable stakes in BAC, highlighting the broad appeal of the company among investors.

This article was generated using automation technology, and thoroughly edited and fact-checked by an editor on our editorial staff.