Trexquant Investment 13F: New $53M Stake in Bank of America (BAC)

Trexquant Investment Builds Fresh Stake in Bank of America

Trexquant Investment opened a brand-new position in Bank of America Corporation (NYSE: BAC), purchasing 938,177 shares during the period ended March 31, 2026. According to its Form 13F filing with the Securities and Exchange Commission, the quantitative fund's new investment carried an estimated value of $53.5 million.

Inside the New Bank of America Holding

Because this is a brand-new holding for the fund, Trexquant Investment did not own any shares of the bank prior to this reporting period. The purchase brings 938,177 shares directly into the fund's portfolio, with the transaction calculated using an estimated cost basis of $51.53 per share. Institutional 13F filings look backward at portfolio choices from the end of the quarter, meaning this snapshot may not reflect the fund's exact share count today.

Bank of America Stock Performance and Background

Bank of America shares trade around $56.98, putting the banking giant above its 200-day moving average of $55.26. The stock changes hands well below its 52-week high of $65.23 while staying comfortably above its 52-week low of $46.12. Headquartered in Charlotte, North Carolina, Bank of America operates major consumer, wealth management, commercial, and global market banking divisions worldwide.

Wall Street Analysts Update Coverage

Several financial firms refreshed their outlooks on the bank alongside recent reporting cycles. On October 15, 2026, Citigroup maintained a Buy rating while adjusting its price target from $66.00 to $60.00. Morgan Stanley kept an Overweight rating and shifted its target from $67.00 to $61.00. Truist Securities kept a Buy rating with a target moved from $62.00 to $58.00, while RBC Capital kept an Outperform rating while shifting its target from $65.00 to $60.00. Barclays maintained an Overweight rating on the stock with a target moving from $72.00 to $68.00. Wells Fargo kept an Overweight rating, adjusting its target from $69.00 to $64.00. TD Cowen maintained a Hold rating and moved its target from $60.00 to $56.00, and Evercore ISI Group maintained an Outperform rating with a target shifted from $62.00 to $57.00.

What to Watch Next for Bank of America

Investors tracking Trexquant Investment will watch future regulatory filings to see if the quantitative shop expands or trims its newfound banking exposure. Market participants will also monitor upcoming corporate disclosures and broader economic shifts affecting the financial sector.