Jim Simons' quantitative hedge fund, Renaissance Technologies, sold its entire position in Bank of America (BAC) during the second quarter of 2026. The sale involved all 1.38 million shares held by the fund, which were valued at approximately $67.51 million at the end of the prior quarter. This move represents a complete exit from the security for the influential trading firm.
The transaction was revealed in a quarterly 13F filing with the SEC on August 13, 2026, which discloses positions held as of June 30. This means the trades occurred between April and June. Notably, the stake appears to have been a short-term investment, as records show Renaissance first acquired the 1.38 million shares in the first quarter of 2026. The sale took place during a period when Bank of America reported strong financial results, beating analyst expectations with a 27% increase in net income.