13F
中
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BANK OF AMERICA CORP /DE/

13F equity value
$1.37T
Positions
5,689
Top 10 concentration
17.3%
Quarters / total new picks
27 / 111
13F equity value over time
$0M$687B$1.4T2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it. Buying this fund's new positions the day each filing went public, over 27 quarters, returned +12.2% per quarter versus +2.0% from owning every 13F stock, beating that baseline in 66.7% of quarters (excess t = 2.39, statistically significant). Caveat: across all 5,072 funds we tested, past performance shows near-zero persistence (rank correlation −0.018) — with thousands of funds, some will look significant by chance alone.

Avg 2Q excess
+11.1%
t-stat
2.39
Quarterly win rate
67%
Annualized excess
+34.1%
$1 → follow vs universe
$9.91 vs $1.51
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320181231: universe 0.99220190331: universe 0.97520190630: universe 1.04820190930: universe 1.12720191231: universe 0.90920200331: universe 1.09620200630: universe 1.21120200930: universe 1.48520201231: universe 1.55320210331: universe 1.56620210630: universe 1.69220210930: universe 1.51920211231: universe 1.29220220331: universe 1.38720220630: universe 1.28520220930: universe 1.38120221231: universe 1.28220230630: universe 1.23620230930: universe 1.40320231231: universe 1.46620240331: universe 1.49920240630: universe 1.63520240930: universe 1.62120241231: universe 1.513 20180331: follow 1.29820180630: follow 1.29220180930: follow 1.35520181231: follow 1.46120190331: follow 2.48920190630: follow 2.74920190930: follow 3.18720191231: follow 3.23120200331: follow 6.03720200630: follow 6.80920200930: follow 9.12720201231: follow 7.16220210331: follow 6.40720210630: follow 8.93220210930: follow 7.31020211231: follow 4.81220220331: follow 4.45720220630: follow 5.41520220930: follow 5.52720221231: follow 4.89720230630: follow 5.24620230930: follow 7.89220231231: follow 9.04820240331: follow 6.55920240630: follow 7.49720240930: follow 10.71020241231: follow 9.913 0.84 6.20 11.57 2018201920202021202220232024 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 5689 · 2026 Q1

Ticker Value Weight QoQ
NVDA $33.3B
2.4%
ADD
AAPL $30.6B
2.2%
TRIM
MSFT $26.2B
1.9%
TRIM
VTV $25.8B
1.9%
TRIM
VUG $23.9B
1.7%
ADD
SPY $21.0B
1.5%
ADD
GOOGL $19.8B
1.5%
HOLD
JPM $19.3B
1.4%
ADD
IEFA $18.4B
1.3%
TRIM
AVGO $18.2B
1.3%
HOLD
AMZN $17.5B
1.3%
HOLD
VOO $16.4B
1.2%
HOLD
IEMG $15.3B
1.1%
ADD
IVV $13.1B
1.0%
TRIM
VEA $12.7B
0.9%
TRIM
META $12.0B
0.9%
ADD
IWF $11.8B
0.9%
HOLD
XOM $11.6B
0.9%
TRIM
GOVT $10.9B
0.8%
ADD
VGT $10.5B
0.8%
HOLD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

AMCRBCARBKGICCIXCEPVCNPDECWETSYEVSMGWREHEGDHFSIJEMALNTHPCGPFEBPJUNQLTYSAMTSMTHWKXXIZECP

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.