Will Bank of America’s Attempt To Simplify Operations Be What These Top Institutional Shareholders Desire?

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Bank of America Corp. (NYSE:BAC) is set to shift more than $50 billion of their derivatives business away from their Dublin operations and into their subsidiary in the United Kingdom as a part of their drive to rationalize and simplify operations, as well as take advantage of the subsidiary’s $8 billion pile of tax-deferred assets. The Irish are not expected to complain, given their reported discomfort with the scale of the derivatives operations which Bank of America routed through Ireland to take advantage of the country’s low tax rates.

Will Bank of America Corporation’s shareholders decrease their holdings? They reported owning a total of 219.471 million shares on 12/31/2012. The shares closed at $11.61 on 12/31/2012.

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Here are the ten largest positions in Bank of America Corporation at the end of December 31st, 2012.

California Public Employees Retirement System held 33,594,780 shares on 12/31/2012 worth $390,035,384. This brought the portfolio total to 0.87%.

Mizuho Trust & Banking Co. Ltd. held 17,989,795 shares on 12/31/2012 worth $208,861,514. This brought the portfolio total to 0.81%.

Commerzbank Aktiengesellschaft /FI held 14,153,959 shares on 12/31/2012 worth $164,327,459. This brought the portfolio total to 1.29%.

State of New Jersey Common Pension Fund A held 13,293,615 shares on 12/31/2012 worth $154,338,866. This brought the portfolio total to 0.86%.

Wellcome Trust Ltd. held 13,000,000 shares on 12/31/2012 worth $150,929,996. This brought the portfolio total to 2.04%.

Marathon Asset Management Llp. held 9,790,944 shares on 12/31/2012 worth $113,672,856. This brought the portfolio total to 2.61%.

Strs Ohio held 9,730,852 shares on 12/31/2012 worth $112,975,188. This brought the portfolio total to 0.5%.

Gateway investment advisers llc held 8,599,842 shares on 12/31/2012 worth $99,844,163. This brought the portfolio total to 0.97%.

Chevy chase trust holdings inc. held 7,951,619 shares on 12/31/2012 worth $92,318,294. This brought the portfolio total to 0.88%.

Metropolitan life insurance co/ny held 6,946,574 shares on 12/31/2012 worth $80,649,722. This brought the portfolio total to 0.71%.

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