What Will Bank of America’s Top Institutional Shareholders Think Of These Earnings?

Bank of America(NYSE:BAC): Bank of America’s earnings for the past quarter have fallen just barely short of expectations, as the company has posted earnings per share of $0.20, off by $0.02. Revenuenarrowly beat projectionsby $0.2 billion, coming in at $23.7 billion. First-lien mortgage balances were up 57 percent in year-over-year, to $24 billion.”Our strategy of connecting our customers to all we can do for them is working. Solid increases in loan growth to small businesses and middle-market companies, four straight quarters of steady growth in mortgage originations, record earnings in wealth management, and another quarter near the top in investment banking fees show we are balanced, focused and moving forward,”said Chief Executive Officer Brian Moynihan.

These institutional firms indicated owning shares of Bank of America Corporationin Q1 2013. They reported owning a total of 631.903 million shares on 03/31/2013. The shares closed at $12.18 on 03/31/2013.

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Here are the ten largest positions in Bank of America Corporation at the end of March 31st, 2013.

Vanguard Group Inc. held 479,318,548 shares on 03/31/2013 worth $5,838,100,061. This brought the portfolio total to 0.64%.

Korea Investment Corp. held 73,090,645 shares on 03/31/2013 worth $890,244,078. This brought the portfolio total to 11.7%.

Parametric Portfolio Associates LLC held 17,451,652 shares on 03/31/2013 worth $212,561,127. This brought the portfolio total to 0.7%.

Chevy Chase Trust Holdings Inc. held 7,640,097 shares on 03/31/2013 worth $93,056,384. This brought the portfolio total to 0.84%.

British Columbia Investment Management Corp. held 5,796,123 shares on 03/31/2013 worth $70,597,000. This brought the portfolio total to 0.81%.

Teachers Retirement System of the State of Kentucky held 4,668,813 shares on 03/31/2013 worth $56,866,144. This brought the portfolio total to 0.56%.

Employees Retirement System of Texas held 4,463,700 shares on 03/31/2013 worth $54,367,867. This brought the portfolio total to 0.73%.

Atalanta Sosnoff Capital LLC held 3,828,546 shares on 03/31/2013 worth $46,631,000. This brought the portfolio total to 1.09%.

ExxonMobil Investment Management Inc. held 3,236,433 shares on 03/31/2013 worth $39,419,755. This brought the portfolio total to 0.94%.

Everett Harris & Co. held 2,983,030 shares on 03/31/2013 worth $36,333,306. This brought the portfolio total to 1.47%.

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