Bank of America 13F: Cuts ARM Stake by $589M

Bank of America reduced its holdings in semiconductor designer Arm Holdings plc by nearly 70%, according to a recent SEC filing.

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Bank of America sold 1,639,301 shares from its stake in Arm Holdings plc ($ARM), a 69.89% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 706,252 shares worth $253.88 million at the end of the quarter.

Since the filing, $ARM is up 49.3% after 1 week, up 94.7% after 1 month and up 5.9% to date (from the $215.12 close on May 18, 2026).

Find the original: Bank of America 13F filings on SEC EDGAR

ARM Arm Holdings plc
$227.80 +98.55% year to date
Daily close · Oct 16, 2026

Key Points

  • Bank of America cut its stake in Arm Holdings plc (NasdaqGS: ARM) by 69.88974455064542% during the period, shedding 1,639,301 shares.
  • The financial institution wrapped up the reporting period with 706,252 shares remaining, carrying a reported value of about $253,883,476.72.
  • Wall Street firms remain mostly upbeat on the chip developer, backed by a consensus buy recommendation and 40 active analyst opinions.

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Bank of America Scales Back Arm Holdings Stake

Bank of America trimmed its holdings in Arm Holdings plc (NasdaqGS: ARM) during the period, dropping 1,639,301 shares to bring its total down to 706,252 shares. According to a Form 13F filing with the Securities and Exchange Commission, the reduction came out to a 69.88974455064542% cut. That left the bank's remaining investment valued at approximately $253,883,476.72 based on the period's close. Remember that this filing looks backward at a prior period and might not reflect what the bank holds today.

Arm Holdings Shares Trade Well Above Moving Averages

Shares of Arm Holdings sit well above their 200-day moving average of $222.19, reflecting a strong run over recent months. The stock has traded between a 52-week low of $100.02 and a high of $452.70, showing notable swings for the semiconductor designer. With a spot price around $359.48, the company commands a massive market capitalization of $261.44 billion.

Wall Street Keeps Buy Ratings on Arm Holdings

Analyst coverage shows solid support across major financial firms even as some targets shift. On July 31, 2026, Rosenblatt maintained a Buy rating while lowering its price target to $250.00. UBS kept a Buy rating on July 30, 2026, while moving its target to $320.00. Morgan Stanley maintained an Equal-Weight rating with a target of $212.00 on July 30, 2026. RBC Capital kept an Outperform rating while adjusting its target to $340.00 on July 30, 2026. TD Cowen maintained a Buy rating with a $350.00 target on July 30, 2026. Wells Fargo maintained an Overweight rating and set a target of $280.00 on July 30, 2026. Guggenheim and Needham both reiterated Buy ratings with a $255.00 target on July 30, 2026. Overall, the stock holds a consensus buy rating with a mean price target of $290.71 across 40 analyst opinions.

Inside Arm Holdings' Chip Design Business

Headquartered in Cambridge, United Kingdom, Arm Holdings researches, develops, and licenses central processing unit intellectual property, graphics hardware, and associated software tools. The company provides foundational technology used by semiconductor makers, cloud providers, and device manufacturers building chips for smartphones, servers, automotive systems, and IoT gear. Founded in 1990, it operates as a key subsidiary of SoftBank Group Corp.

Looking Ahead at Future Reports

Investors tracking institutional moves will want to watch for the company's next earnings report scheduled for November 4, 2026, alongside newer filings to see how major banks adjust their tech allocations. These disclosures offer a snapshot of past portfolio choices rather than a guide for upcoming trades.

Source: Bank of America's 13F filing on $ARM (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Bank of America 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts

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