--- title: Bank Of America sold 93% of its Starbucks stake description: Uncover insights from Bank of America Corp's recent 13F filing. Dive into their top buys, sells, and holdings in our comprehensive investment report. --- [SEC Filings](https://info.radientanalytics.com/sec-filings) # [Bank Of America sold 93% of its Starbucks stake](https://info.radientanalytics.com/sec-filings/bank-of-america-sold-93-of-its-starbucks-stake) Written by [Radient AI](https://info.radientanalytics.com/sec-filings/author/radient-ai) | Jun 13, 2023, 2:16:09 PM [BANK OF AMERICA CORP](https://radientanalytics.com/form13ffirm/?id=555)filed its most recent 13F on 12 May 2023, for the quarter ended 31 Mar 2023. [Bank of America Capital Advisors LLC (BACA)](https://radientanalytics.com/form13ffirm/?id=555) is a subsidiary of NB Holdings Corporation and Bank of America Corporation. It serves as a managing member, general partner, and/or investment adviser to pooled investment vehicles sold to institutional and high-net-worth investors. The funds invest in portfolios of hedge funds or private equity/real estate funds operated by third-party investment managers. The forthcoming report utilizes data sourced from [Radient Analytics](http://radientanalytics.com/). Let's delve into key changes that happened for [BANK OF AMERICA CORP](https://radientanalytics.com/form13ffirm/?id=555), breaking down the 13F filings of its top buys and sells. The firm disclosed 973.68 B in assets. It holds 7757 securities in its 13F portfolio, and the top 10 holdings account for 15.7% of the portfolio. BANK OF AMERICA CORP /DE/'s top 3 holdings includes Apple Inc ($23.4B), Microsoft Corp ($22.6B), and Invesco Qqq Tr ($22B) ## Top Buys by [Bank of America](https://radientanalytics.com/form13ffirm/?id=555) Bank of America has been making significant moves in the market, ramping up its holdings in various sectors. Here's a quick rundown of their top investments: **Technology Sector** 1. **Invesco QQQ Trust (QQQ):** Bank of America has increased its stake by over 55%, buying around 68.8 million units. The current value of this investment stands at $22.1 billion. 2. **Apple Inc. (AAPL):** The bank has upped its shares by 12%, acquiring approximately 141.9 million shares. The value of its Apple stake is $23.4 billion. 3. **NVIDIA Corporation (NVDA):** It has increased its shares by nearly 40%, purchasing 27.9 million shares. The investment in NVIDIA is worth $7.7 billion. 4. **Microsoft Corp. (MSFT):** Bank of America marginally increased its position by 4%, currently holding 78.5 million shares. The value of its Microsoft stake is $22.6 billion. 5. **Amazon Inc. (AMZN):** The bank grew its stake by nearly 23%, buying 96.7 million shares. The Amazon investment now stands at $10 billion. **ETFs and Other Sectors** 1. **SPDR S&P 500 ETF Trust (SPY):** The bank increased its stake by 19%, purchasing 37.3 million units. The current value of this investment is $15.3 billion. 2. **AbbVie Inc. (ABBV):** A new addition to the portfolio, Bank of America acquired 20.7 million shares. The stake in AbbVie is worth $3.3 billion. 3. **Vanguard Index Funds, Value ETF (VTV):** The bank increased its stake by 28%, buying 111.8 million shares. The value of the Vanguard investment is $15.4 billion. 4. **iShares Russell 2000 ETF (IWM):** The bank boosted its stake by an impressive 77%, purchasing 37.3 million shares. The investment in iShares Russell is worth $6.6 billion. ## Top Sells by [Bank of America](https://radientanalytics.com/form13ffirm/?id=555) **Exchange Traded Funds (ETFs)** Bank of America has reduced holdings in various ETFs. Specifically: 1. **iShares Core S&P500 ETF (IVV):** Bank of America reduced its stake by about 29.5%, selling 18.8 million shares. The value of this investment now stands at $7.7 billion. 2. **iShares Core MSCI EAFE (IEFA):** The bank decreased its stake by around 21.6%, selling 158.7 million shares. This investment is now valued at $10.6 billion. 3. **iShares MBS ETF (MBB):** The bank cut its stake by about 14.5%, selling 61.7 million shares. The value of this investment is $5.8 billion. 4. **Vanguard Specialized Funds, Dividend Appreciation ETF (VIG):** The bank reduced its stake by 21%, selling 22 million shares. The value of this investment is $3.4 billion. **Energy Sector** - **Chevron Corp (CVX):** The bank reduced its stake by 14.4%, selling 30.6 million shares. The current value of this investment is $5 billion. **Healthcare Sector** - **UnitedHealth Group Inc (UNH):** The bank cut its stake by 10.8%, selling about 9.4 million shares. The value of this investment stands at $4.5 billion. **Industrial Sector** - **Honeywell International Inc (HON):** The bank decreased its stake by 14%, selling 17.2 million shares. The current value of this investment is $3.3 billion. **Financial Services Sector** - **Charles Schwab Corp (SCHW):** The bank reduced its stake by 26.4%, selling 15 million shares. The value of this investment is $785.2 million. **Consumer Discretionary Sector** - **Starbucks Corp (SBUX):** Bank of America drastically reduced its stake by about 93%, selling 672.3 thousand shares. The value of this investment is $70 million. **Technology Sector** - **Microsoft Corp (MSFT):** The bank cut its stake by 66.7%, selling 2 million shares. The value of this investment stands at $577.9 million. 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