Bank of America's 10.8% passive stake signals institutional conviction but carries no activist intent. Monitor for any subsequent conversion to 13D or additional accumulation. The stake is large enough to suggest a meaningful position for a diversified bank, but the passive filing limits immediate price impact.
Price Chart
Executive Summary
Bank of America Corp filed a Schedule 13G disclosing a passive 10.8% stake in Accendra Health Inc as of September 30, 2026. This is a new passive filer for Accendra, joining Charles Schwab Investment Management and Kevin Webb as other 13G filers. The stake is held in the ordinary course of business with no intent to influence control.
Key Financial Metrics
Key Facts
- Bank of America Corp disclosed beneficial ownership of 8,270,614 shares of Accendra Health common stock
- Stake represents 10.8% of shares outstanding based on 76,904,704 shares reported in the August 10, 2026 Form 10-Q
- Filing is a new Schedule 13G (not an amendment), indicating a new 5%+ passive position
- Bank of America certifies the securities were acquired and held in the ordinary course of business, not to influence control
- Filing includes shares held by subsidiaries BofA Securities, Bank of America N.A., Merrill Lynch International, and Merrill Lynch Pierce Fenner & Smith
Financial Impact
10.8% passive stake valued at approximately $8.27 million based on share count; no transaction value disclosed
Risk Factors
- Bank of America could reduce or exit the position without public disclosure until next 13G amendment
- Passive filing precludes activist engagement; no catalyst for value creation from this holder
- Large institutional holder may create overhang if they decide to sell
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0000070858-26-000476 |
| Document: 0000070858-26-000476-index.html | 0000070858-26-000476 |
| Document: 0000070858-26-000476.txt | 0000070858-26-000476 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | 8-K | $0.3905 $0.2202 | ▲ +43.61% | ▲ +42.12% | $0.2031 (+47.99%) |
Oct 7, 2026 20d ago | SC 13G | $0.4729 $0.3128 | ▼ −33.85% | ▼ −32.87% | $0.2031 (−57.05%) |
Sep 17, 2026 5w ago | 8-K | $1.03 $0.7332 | ▼ −28.82% | ▼ −29.42% | $0.2031 (−80.28%) |
Aug 17, 2026 10w ago | 8-K | $1.07 $1.16 | ▲ +8.41% | ▲ +9.60% | $0.2031 (−81.02%) |
Aug 16, 2026 10w ago | Institutional Cluster | $1.07 $1.16 | ▲ +8.41% | ▲ +9.60% | $0.2031 (−81.02%) |
Aug 10, 2026 11w ago | 8-K | $1.26 $1.13 | ▼ −10.32% | ▼ −9.91% | $0.2031 (−83.88%) |
Aug 10, 2026 11w ago | 8-K | $1.40 $1.07 | ▲ +23.57% | ▲ +23.52% | $0.2031 (+85.49%) |
Aug 10, 2026 11w ago | 8-K | $1.40 $1.07 | ▼ −23.57% | ▼ −23.52% | $0.2031 (−85.49%) |
Jul 27, 2026 13w ago | EFFECT | $3.22 $3.41 | ▲ +5.90% | ▲ +3.39% | $0.2031 (−93.69%) |
Jun 25, 2026 17w ago | 8-K | $3.34 $3.59 | ▲ +7.49% | ▲ +5.32% | $0.2031 (−93.92%) |
US Market Status
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