Balyasny Asset Management: Performance, AUM, Holdings

1. Bank of America Corp (NYSE:BAC)

During the second quarter, Balyasny Asset Management added 15.22 million shares of Bank of America Corp (NYSE:BAC) to its holding. In this way, the fund held 15.62 million shares worth $378.88 million at the end of June. Over the last 12 months, Bank of America Corp (NYSE:BAC)’s stock has surged by over 59%, gaining ground alongside the rest of the financial sector, as investors got excited about a potential lessening of regulations and higher interest rates. Bank of America Corp (NYSE:BAC) also managed to beat the consensus estimates for both EPS and revenue in three out of the last four quarters. At the end of June, Bank of America Corp (NYSE:BAC) was the third most popular stock among the funds we track at Insider Monkey, with 132 funds holding shares, down from 138 a quarter earlier.