智通财经网·2025-05-16 09:38Summary of Key Points Core Viewpoint - Bank of America reported a total market value of $1.24 trillion in its Q1 2025 holdings, reflecting a 4.20% increase from the previous quarter's $1.19 trillion, with significant activity in stock purchases and sales [1][2]. Holdings Activity - Total market value of holdings reached $1.24 trillion, up from $1.19 trillion, indicating a 6.83% inflow as a percentage of total market value [2] - New purchases included 634 stocks, while 4,520 stocks were added to existing positions [1][2] - The bank reduced holdings in 2,694 stocks and completely sold out of 500 stocks [1][2] - The top ten holdings accounted for 15.76% of the total market value [1][2] Top Holdings - Microsoft (MSFT) was the largest holding with approximately 73.1 million shares valued at $27.45 billion, representing 2.22% of the portfolio, an increase of 7.42% from the previous quarter [3][4] - Apple (AAPL) followed with about 122 million shares valued at $27.09 billion, making up 2.19% of the portfolio, with a 2.67% increase in shares [3][4] - Nvidia (NVDA) ranked third with around 210 million shares valued at $22.74 billion, accounting for 1.84% of the portfolio, showing a significant increase of 19.97% [3][4] - Other notable holdings included Vanguard Value ETF (VTV) and Vanguard Growth ETF (VUG), with respective values of $21.47 billion and $18 billion [3][4] Trading Activity - The turnover rate for the portfolio was 12.9%, with an alternative turnover rate of 4.7% [2] - The average holding period for the top 20 stocks was 20.2 quarters, while the top 10 stocks had an average holding period of 23.7 quarters [2] Notable Purchases and Sales - Significant increases in holdings were observed in Amazon (AMZN), Google (GOOGL), Broadcom (AVGO), and Meta (META) [7] - The top buys included SPDR S&P 500 ETF put options (SPY) and iShares Russell 2000 ETF put options (IWM) [6] - Major sell-offs included Apple call options (AAPL) and Invesco QQQ Trust put options (QQQ) [5][6]