Bank of America reduced its holdings in Microsoft, NVIDIA, and Apple in Q2, while Broadcom made its debut in the top ten, showcasing its strength
Bank of America reduced its holdings in Microsoft, NVIDIA, and Apple in its Q2 2025 position report, while Broadcom entered the top ten holdings for the first time. Bank of America's total holdings market value reached $1.37 trillion, an increase from the previous quarter. Among the top five holdings, the number of shares held in Microsoft, NVIDIA, and Apple decreased, while the holdings in Vanguard Value ETF and Growth ETF increased
According to the disclosure by the U.S. Securities and Exchange Commission (SEC), Bank of America submitted its second-quarter holdings report (13F) for the period ending June 30, 2025.
Statistics show that Bank of America's total market value of holdings in the second quarter reached $1.37 trillion, compared to $1.24 trillion in the previous quarter. In the second quarter, Bank of America added 571 new stocks to its portfolio and increased its holdings in 4,265 stocks. At the same time, Bank of America reduced its holdings in 3,134 stocks and completely sold out of 504 stocks. Among them, Bank of America's top ten holdings accounted for 16.72% of the total market value.
In the top five holdings, Microsoft (MSFT.US) ranked first, with approximately 70.183 million shares held, a market value of about $34.91 billion, accounting for 2.55% of the portfolio, a decrease of 4.02% from the previous quarter.
NVIDIA (NVDA.US) ranked second, with approximately 202 million shares held, a market value of about $31.86 billion, accounting for 2.33% of the portfolio, a decrease of 3.87% from the previous quarter.
Apple (AAPL.US) ranked third, with approximately 117 million shares held, a market value of about $23.97 billion, accounting for 1.75% of the portfolio, a decrease of 4.18% from the previous quarter.
Vanguard Value ETF (VTV.US) ranked fourth, with 128 million shares held, a market value of about $22.65 billion, accounting for 1.66% of the portfolio, an increase of 3.09% from the previous quarter.
Vanguard Growth ETF (VUG.US) ranked fifth, with 49.386 million shares held, a market value of about $21.65 billion, accounting for 1.58% of the portfolio, an increase of 1.75% from the previous quarter.
In terms of changes in holding ratios, the top five bought stocks were: Broadcom (AVGO.US), Meta Platforms (META.US), NVIDIA call options (NVDA.US, CALL), Nasdaq 100 Index ETF put options (QQQ.US, PUT), and JP Morgan (JPM.US).
The top five sold stocks were: Apple (AAPL.US), SPDR S&P 500 ETF put options (SPY.US, PUT), iShares 20+ Year Treasury Bond ETF (TLT.US), iShares Russell 2000 ETF put options (IWM.US, PUT), and iShares S&P 500 ETF (IVV.US)
It is worth noting that Bank of America also increased its holdings in technology giants such as Amazon (AMZN.US) and Meta (META.US) in the second quarter. In addition, Broadcom entered the top ten for the first time, with a holding ratio of 1.35% and an increase of over 3 million shares. Meanwhile, the increase in put options for the Nasdaq 100 Index ETF appears cautious, with the option holding ratio at 1.37%, up 10.25% from the previous quarter, and an increase of 3.158 million contracts. This operation may be a hedge against the volatility risk of technology stocks, especially in the context of the Nasdaq 100 Index being at a high level, reflecting Bank of America's cautious attitude towards the short-term market.
