Brevan Howard Capital Management 13F: Cuts BAC Stake by $30M
Brevan Howard Capital Management has significantly reduced its position in Bank of America Corporation, according to a recent filing.
Reviewed by automated data checks against the source filing. How we make and check alerts
Brevan Howard Capital Management sold 534,035 shares from its stake in Bank of America Corporation ($BAC), a 74.90% decrease, according to a 13F filing with the SEC dated May 15, 2026. It reported 178,924 shares worth $10.20 million at the end of the quarter.
Since the filing, $BAC is up 4.1% after 1 week, up 12.8% after 1 month and up 4.0% to date (from the $49.26 close on May 15, 2026).
Find the original: Brevan Howard Capital Management 13F filings on SEC EDGAR
BAC
Bank of America Corporation
Key Points
- Brevan Howard Capital Management cut its stake in Bank of America by 534,035 shares, a 74.9% decrease, leaving it with 178,924 shares valued at approximately $10.2 million as of May 15, 2026.
- The stock is currently priced at $56.98, near its 52-week high of $65.23, reflecting a healthy market position.
- Other large holders like BlackRock and Berkshire Hathaway adjusted positions, with BlackRock increasing its stake by 6.4 million shares, while Berkshire Hathaway decreased its holdings by over 30 million shares.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Bank of America Corporation alert may contain errors. Disclosures
Brevan Howard Capital Management has reduced its position in Bank of America Corporation (NYSE: BAC) by about 534,035 shares, which is a 74.9% decrease. This leaves the firm with 178,924 shares worth approximately $10.2 million, based on the stock price of $56.98 as of May 15, 2026. The filing reflects Brevan Howard's holdings as of that date and may not represent its current position.
What Changed in Brevan Howard's Bank of America Position
The fund's holdings fell from 712,959 shares to 178,924 shares, indicating a significant reduction in its investment. The average cost basis for these shares was $44.34, making this move notable as the shares are currently trading well above that level.
Other Institutional Activity in Bank of America
In addition to Brevan Howard, other major institutional investors also adjusted their stakes in Bank of America during the same period. BlackRock Inc. grew its holdings by 6,417,271 shares, bringing its total to approximately 545.7 million shares worth about $28.2 billion. Conversely, Berkshire Hathaway, Inc. cut its stake by 30,253,860 shares, leaving it with 483.4 million shares valued at around $24.9 billion. Vanguard Capital Management LLC increased its stake by 12,127,174 shares, totaling 421.8 million shares worth about $21.8 billion. State Street Corporation and FMR, LLC also made adjustments, increasing and decreasing their holdings, respectively.
Bank of America Corporation Stock Down 1.3%
Currently trading at $56.98, Bank of America shares are close to their 52-week peak of $65.23. This strong performance is notable, especially given that its current price is well above the 50-day moving average of about $61.91 and even higher than the 200-day average of $55.26, reflecting positive investor sentiment.
Recent Earnings
In its last earnings report, Bank of America reported revenue of $113.9 billion, representing a growth rate of 16.8%. The company achieved an EPS of $4.33 and maintained a net margin of 29.5%. The next earnings report is expected on October 14, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
6 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 8.6%. Revenue met estimates.
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Profit surprise
Operating income missed by 10 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
6 target raises.
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Earnings quality
Gross margin up 40.5 points. Operating margin up 17.1 points. Positive free cash flow.
Earnings Call Summary
Bank of America delivered strong first quarter results with revenue up seven percent year over year to thirty point three billion dollars and earnings per share up twenty five percent to one dollar and eleven cents. The bank benefited from robust client activity, improved efficiency with operating leverage of two hundred ninety basis points, and stable asset quality with provision expense down to one point three billion. Management highlighted strength across all business segments, particularly in investment banking which was up twenty one percent, equities trading which had its best quarter ever, and wealth management which showed solid client flows and margin improvement.
Guidance Bank of America raised its full year net interest income growth guidance to six to eight percent from prior expectations. The bank expects continued balanced loan and deposit growth to support this outlook, with net interest income already up nine percent year over year in the first quarter. Management noted that net interest income exceeded expectations at fifteen point nine billion dollars.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Bank of America pays an annual dividend rate of $1.28, which yields around 2.22%. This consistent dividend payment is an important factor for many investors.
Insider Buying and Selling at Bank of America Corporation
Recent insider transactions show several officers selling shares. Geoffrey S. Greener, for instance, sold 126,756 shares at an average price of $53.00, totaling about $6.7 million on May 5, 2026. Bernard Amponsah Mensah sold 94,000 shares at $46.94, worth approximately $4.4 million on March 12, 2026. Other insiders, including Thomas M. Scrivener and Sheri B. Bronstein, also made sales, indicating ongoing trading activity among executives.
Analysts Set New Price Targets
On October 15, 2026, several analysts maintained their ratings on Bank of America. Citigroup kept a Buy rating with a target of $60.00, while Morgan Stanley maintained an Overweight rating with a target of $61.00. Truist Securities and RBC Capital also continued to recommend the stock with targets of $58.00 and $60.00, respectively. The consensus among analysts suggests a mean target price of around $68.86 with a recommendation key of Buy.
About Bank of America
Bank of America Corporation, headquartered in Charlotte, North Carolina, offers a wide range of financial products and services for various clients, including individuals, businesses, and governments. With its strong market presence and diverse offerings, the bank plays a significant role in the financial services sector.
Bottom Line
Investors should watch for upcoming earnings on October 14, 2026, and keep an eye on further filings as institutional investors adjust their positions. As a reminder, the recent 13F filing from Brevan Howard reflects past holdings that may not be current.
Related Filing Alerts
Source: Brevan Howard Capital Management's 13F filing on $BAC (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Brevan Howard Capital Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts