Bank of America Corp. (BAC) is one of the leading banks in the U.S. and one of the world's largest financial institutions. It offers a range of financial products and services, including saving accounts, deposits, mortgage loans, cash and wealth management, investment funds, insurance, and more. Bank of America operates through four key business segments: Consumer Banking; Global Wealth & Investment Management; Global Banking; and Global Markets.

The top shareholders of Bank of America are Thomas K. Montag, Brian T. Moynihan, Geoffrey S. Greener, Berkshire Hathaway Inc. (BRK.B), Vanguard Group Inc., and BlackRock Inc. (BLK).

Bank of America's 12-month trailing net income and revenue are $27.4 billion and $91.2 billion, respectively. The company's market cap is about $284.6 billion. These financial data are as of February 2021.

Below is a look in more detail at Bank of America's 6 biggest shareholders.

"Insider" refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company's stock. In this context, it has nothing to do with insider trading.

Top 3 Individual Insider Shareholders

Thomas K. Montag

Thomas Montag owns a total of 2,310,714 Bank of America shares, representing 0.03% of the company's total shares outstanding. Mr. Montag is Bank of America’s chief operating officer (COO), a position he has held since 2014. Before becoming sole COO, Montag was a co-chief operating officer from September 2011 to September 2014. He joined Merrill Lynch just before Bank of America bought it in 2009. 

Brian T. Moynihan

Brian Moynihan owns a total of 1,718,119 Bank of America shares, representing 0.02% of the company’s total shares outstanding. Mr. Moynihan is chairman of the board and chief executive officer (CEO). Before becoming CEO in 2010, Moynihan directed virtually every major segment of the bank's business, including consumer and small business banking, investment banking, and wealth management.

He joined Fleet Boston Financial as the company's deputy general counsel in 1993, before leading the firm's brokerage and wealth management business operations. Following a 2004 merger of Fleet Boston with Bank of America, Moynihan assumed the position of president of wealth and investment management at the bank, then was promoted to a series of executive positions before rising to CEO.

Geoffrey S. Greener

Geoffrey Greener owns a total of 868,253 Bank of America shares, representing 0.01% of the company’s shares outstanding. Mr. Greener has been the chief risk officer (CRO) for Bank of America since April 2014. Before this position, Greener was head of Enterprise Capital Management and head of Global Markets Portfolio Management. He also previously chaired several committees, including on markets regulatory reform.

Top 3 Institutional Shareholders

Institutional investors hold approximately 68% of Bank of America's total shares outstanding.

Berkshire Hathaway Inc.

Berkshire Hathaway owns 1.0 billion shares of Bank of America, representing 11.7% of total shares outstanding, according to the company's 13F filing. Berkshire Hathaway is a diversified holding company that owns major subsidiaries involved in insurance, rail transportation, energy, and retailing. The company also owns a sizable investment portfolio that includes shares of major U.S. corporations. The value of Bank of America shares in Berkshire’s portfolio is $24.3 billion. The company reported about $229 billion of managed 13F securities as of Q4 2020.

Vanguard Group Inc.

Vanguard Group owns 613.5 million shares of Bank of America, representing 7.1% of total shares outstanding, according to the company's 13F filing. The company is primarily a mutual fund and ETF management company with about $6.2 trillion in global AUM. The Vanguard S&P 500 ETF (VOO) is one of the company's largest exchange-traded funds (ETFs) with about $178 billion in AUM. Bank of America comprises about 0.7% of VOO's holdings.

BlackRock Inc.

BlackRock owns 509.9 million shares of Bank of America, representing 5.9% of total shares outstanding, according to the company's 13F filing. The company is primarily a mutual fund and ETF management company with approximately $7.8 trillion in AUM. The iShares Core S&P 500 ETF (IVV) is one of BlackRock's largest ETFs with approximately $239 billion in AUM. Bank of America comprises about 0.7% of IVV's holdings.