What is Δ QoQ in a Form 13F?

Δ QoQ is the quarter-over-quarter change in the number of shares a manager reports for a holding, comparing the latest 13F with the previous quarter's filing. It separates a manager's action from the effect of price moves: a 20% share-count rise during a drawdown signals dip-buying conviction, while a share-count cut during a rally can mean profit-taking.

What does a 13F not show?

Four blind spots: (1) 45-day lag — filings cover quarter-end but arrive up to 45 days later; (2) long-only US equities and options — short positions, pair trades and market-neutral halves are invisible; (3) no non-US equities, fixed income or cash; (4) corporate actions (splits, spinoffs) distort raw share-count deltas.

How do I use these Δ QoQ insights?

Start with the per-filer chips: biggest adds and trims by share count, positions added from nil, complete exits, top-10 concentration and the sector/industry split of the largest holdings. Then read them in context: a new position signals high conviction, a complete exit can mean a broken thesis, and multi-manager consensus on the same stock is the strongest signal of institutional crowding. The caveats above always apply.

BANK OF AMERICA CORP /DE/

SEC Form 13F institutional filer · CIK 0000070858

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Global financial services firm, bank holding company.

BANK OF AMERICA CORP /DE/ — $945B AUM allocation strategy

BANK OF AMERICA CORP /DE/ files SEC Form 13F and reports $945B of long US equity value across 526 S&P 500 holdings for 2026-03-31.

Its largest sector bet is Information Technology 11%, followed by Financials 5% and Communication Services 4%. Within sectors, the top industry exposure is Semiconductors 5%, then Interactive Media & Services 4% and Technology Hardware, Storage & Peripherals 3%.

The top 10 holdings account for 36% of reported value — a broadly spread portfolio. Sector and industry shares above are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.

BANK OF AMERICA CORP /DE/ — latest SEC 13F insights

Reported long-US-equity value (13F AUM)$945Btotal across 526 S&P 500 holdings · 2026-03-31 · excludes shorts, cash, non-US

Top-10 concentration36% of valuehigher = narrower conviction; lower = spread / hedging

Biggest adds (shares)$IVV $BMY $VTWO+$IVV +135M sh · +$4.91B+$BMY +17.5M sh · +$1.16B+$VTWO +16.9M sh · +$1.32B

Biggest trims (shares)$SPYM $SCHW $HPQ−$SPYM −17.7M sh · −$1.55B−$SCHW −15M sh · −$358M−$HPQ −13.4M sh · −$311M

Added from nil (new positions)None this quarter

Exited to nil (held last quarter, gone now)$SRTY$SRTY ($6.55K last qtr)

Sector allocation (share of reported value)

ETFs 23%$XLK Information Technology 11%$XLF Financials 5%$XLC Communication Services 4%$XLY Consumer Discretionary 2%

each slice is a share of the reported long-US-equity value — smaller positions roll into “Other holdings”

Industry allocation (share of reported value)

ETFs 23%Semiconductors 5%Interactive Media & Services 4%Technology Hardware, Storage & Peripherals 3%Asset Management & Custody Banks 3%

the finer GICS cut of the same book — same denominator

Ticker	Holding	Shares	Value	Δ QoQ
$IVV	IVV	1.4B	$102B	+135M
$IWM	IWM	214M	$45.4B	-12M
$NVDA	NVIDIA Corporation	191M	$33.3B	+4.02M
$AAPL	Apple Inc	121M	$30.6B	-2.88M
$MSFT	Microsoft Corporation	70.8M	$26.2B	-2.36M
$VOO	VOO	112M	$23.6B	+5.02M
$SPY	SPY	32.3M	$21B	+1.47M
$GOOG	Alphabet Inc. Class C Capital Stock	68.8M	$19.8B	-339K
$JPM	JP Morgan Chase & Co	65.8M	$19.3B	+8.92M
$AVGO	Broadcom Inc	58.7M	$18.2B	+895K

SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported

← Sector Orb All 13F filers

How to read Δ QoQ — the five insight categories, and the caveats

The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.

Conviction & concentration shifts

New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying.Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.

Sector & macro allocation rotations

Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over- quarter is a proxy for overall institutional risk appetite.

Crowding & smart-money consensus

When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.

Derivative & option overlays

Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.

Who reads this

Retail "cloners"	High-conviction ideas to replicate ~45 days after quarter-end.
Corporate IR	Which funds bought or dumped the stock, before the next call.
Quant / algo traders	Cross-sectional factor inputs: flow, momentum, ownership.

Four caveats before you trade on it

45-day lag — holdings are quarter-end; positions may already be closed.
Long-only — 13Fs miss shorts, pair trades and cash.
No non-US / fixed income — the picture is US equities plus options.
Corporate actions — splits and spinoffs distort raw share deltas.