Bank of America reduced its holdings of Microsoft (MSFT.US), Nvidia (NVDA.US), Apple (AAPL.US), and Broadcom (AVGO.US) first advanced to the top ten

The Zhitong Finance App learned that according to the US Securities and Exchange Commission (SEC) disclosure, Bank of America submitted a position report (13F) for the second quarter ending June 30, 2025.

Statistics show that the total market value of Bank of America's holdings in the second quarter reached 1.37 trillion US dollars, and the total market value of the previous quarter was 1.24 trillion US dollars. Bank of America added 571 shares to its portfolio in the second quarter and increased its holdings by 4,265 shares. Meanwhile, Bank of America reduced its holdings by 3,134 stocks and cleared 504 stocks. Among them, Bank of America's top ten holdings accounted for 16.72% of the total market value.

Among the top five major stocks, Microsoft (MSFT.US) ranked first, holding about 70.183 million shares, with a market value of about US$34.91 billion, accounting for 2.55% of the portfolio, a decrease of 4.02% from the number of holdings in the previous quarter.

Nvidia (NVDA.US) ranked second, holding about 202 million shares, with a market value of about US$31.86 billion, accounting for 2.33% of the portfolio, a decrease of 3.87% from the number of positions held in the previous quarter.

Apple (AAPL.US) ranked third, holding about 117 million shares, with a market value of about US$23.97 billion, accounting for 1.75% of the portfolio, a decrease of 4.18% from the number of positions held in the previous quarter.

The Vanguard Value Stock ETF (VTV.US) ranked fourth, holding 128 million shares, with a market value of about US$22.65 billion, accounting for 1.66% of the portfolio, an increase of 3.09% over the previous quarter.

The Vanguard Growth Stock ETF (VUG.US) ranked fifth, holding 49.386 million shares, with a market value of about US$21.65 billion, accounting for 1.58% of the portfolio, an increase of 1.75% over the previous quarter.

Judging from changes in position ratios, the top five buying targets are: Broadcom (AVGO.US), Meta Platforms (META.US), Nvidia bullish options (NVDA.US, CALL), NASDAQ 100 ETF put options (QQQ.US, PUT), and JPMorgan Chase (JPM.US).

The top five selling targets are Apple (AAPL.US), SPDR S&P 500 ETF put options (SPY.US, PUT), iShares 20-year US Treasury Bond ETF (TLT.US), iShares Russell 2000 ETF put options (IWM.US, PUT), and iShares S&P 500 ETF (IVV.US)

Notably, Bank of America also increased its positions in tech giants such as Amazon (AMZN.US) and Meta (META.US) in the second quarter. Furthermore, Broadcom entered the top ten for the first time, accounting for 1.35% of its holdings, and the number of shares increased by more than 3 million shares. However, the Nasdaq 100 ETF put option holdings increased cautiously. This option accounted for 1.37% of positions, an increase of 10.25% over the previous quarter, and the number of shares increased by 3.158,000. This operation may hedge against the risk of fluctuations in technology stocks, especially in the context of the high Nasdaq 100 index, reflecting the Bank of America's cautious attitude towards the short-term market.