Bank of America's $1.4T Q4 2025 13F: An ETF Reset With a Chase Into Netflix

BANK OF AMERICA CORP /DE/ filed a Q4 2025 13F showing $1.37T in reported value, and the most interesting detail is not just the size. It is the shape of the repositioning: The quarter was less about finding one hero stock and more about trading out of coarse index exposure into a narrower mix of growth and sector-specific bets.

TL;DR

• Reported AUM: $1.37T across 28105 holdings.
• Top holding: MICROSOFT CORP (MSFT) at 2.6% of the portfolio.
• Fresh activity: 32 new positions and 32 complete exits versus Q3 2025.
• Biggest increase: NFLX rose 831% quarter over quarter.
• Biggest decrease: HYG fell 86% quarter over quarter.
• Whale Score: 67.75, which keeps this manager firmly in the upper tier of institutional quality screens.
• Key read-through: The quarter was less about finding one hero stock and more about trading out of coarse index exposure into a narrower mix of growth and sector-specific bets.

Filing Snapshot

What Changed

The headline holdings already tell the story. This was a quarter built around MICROSOFT CORP (MSFT), NVIDIA CORPORATION (NVDA), APPLE INC (AAPL), VANGUARD INDEX FDS (VTV), VANGUARD INDEX FDS (VUG). For a manager this large, concentration at the top matters more than the 80th position because the top sleeve is where the real view shows up.

Compared with Q3 2025, the filing shows 32 fresh entries and 32 full exits. That matters because broad turnover in a mega-book usually signals a screen change, a risk-budget change, or both. It is usually too large to dismiss as cash management noise.

The most aggressive increase among overlapping names was NFLX, up about 831% quarter over quarter. That kind of move usually means the manager wanted a cleaner expression of a theme rather than a passive carry-over.

On the other side, HYG was cut hardest. These sharp reductions often matter as much as new buys because they reveal which exposures lost priority when capital had to be reallocated.

Why It Matters

The quarter was less about finding one hero stock and more about trading out of coarse index exposure into a narrower mix of growth and sector-specific bets. For retail readers, the practical takeaway is to focus on the positions that sit near the top of the portfolio and on the names that changed by triple-digit percentages. That is where the signal is strongest.

This is also why comparing managers like Vanguard, BlackRock, and BANK OF AMERICA CORP /DE/ can be so useful. Passive giants tell you what broad market ownership looks like. A filing like this tells you where a more opinionated allocator is choosing to be different.

What Analysts Might Misread

The easiest mistake is to treat every large disclosed position as a fresh bullish call. That is not always true. Some large positions are inherited, benchmark-aware, or tax-managed. The better way to read this filing is to separate stable core weights from names where size changed abruptly.

Questions Investors Are Really Asking

What did BANK OF AMERICA CORP /DE/ buy in Q4 2025?

The biggest disclosed additions centered on MSFT, NVDA, AAPL, with 32 new positions overall in the filing.

What is the biggest position in BANK OF AMERICA CORP /DE/'s Q4 2025 13F?

MICROSOFT CORP was the largest disclosed holding at about 2.6% of the reported portfolio.

Did BANK OF AMERICA CORP /DE/ become more concentrated in Q4 2025?

The filing suggests a more opinionated book around the top holdings, with the five largest positions accounting for roughly 11.1% of reported value.

Why does this Q4 2025 filing matter?

The quarter was less about finding one hero stock and more about trading out of coarse index exposure into a narrower mix of growth and sector-specific bets.