Vanguard Intermediate-Term Bond ETF
150 hedge funds and large institutions have $2.26B invested in Vanguard Intermediate-Term Bond ETF in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 41 increasing their positions, 71 reducing their positions, and 22 closing their positions.
0.44% more ownership
Funds ownership: 60.61% → 61.05% (+0.44%)
11% less funds holding
Funds holding: 168 → 150 (-18)
15% less capital invested
Capital invested by funds: $2.65B → $2.26B (-$389M)
20% less funds holding in top 10
Funds holding in top 10: 10 → 8 (-2)
42% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 71
59% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Comerica Bank
Dallas,
Texas
|
+$10.9M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$5.6M |
| 3 |
GCT
Galaxy Capital Trading
Road Town,
British Virgin Islands
|
+$4.36M |
| 4 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$2.12M |
| 5 |
MBT
Monroe Bank & Trust
Monroe,
Michigan
|
+$1.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$213M |
| 2 |
AUIM
Aegon USA Investment Management
Cedar Rapids,
Iowa
|
-$41.8M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$33.9M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$21.5M |
| 5 |
Morgan Stanley
New York
|
-$16.8M |
BIV Hedge Fund Activity: Q3 2013 in Review
150 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Vanguard Intermediate-Term Bond ETF (BIV) for Q3 2013, worth a combined $2.26B — down 15% from $2.65B a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of BIV and 9 opened new positions — a net loss of 13 holders — while 71 trimmed existing stakes and 41 added.
The largest buyer was Comerica Bank, opening a new position worth an estimated $10.9M. The largest seller was Bank of America, cutting an estimated $213M.
- 150 institutional investors held Vanguard Intermediate-Term Bond ETF (BIV) as of Q3 2013, down from 168 in Q2 2013.
- Funds reported $2.26B of Vanguard Intermediate-Term Bond ETF stock for Q3 2013, down 15% quarter-over-quarter.
- 9 funds opened new Vanguard Intermediate-Term Bond ETF positions in Q3 2013 and 22 closed out, a net change of -13 holders.
- The largest Vanguard Intermediate-Term Bond ETF buyer in Q3 2013 was Comerica Bank, an estimated $10.9M added.
- The largest Vanguard Intermediate-Term Bond ETF seller in Q3 2013 was Bank of America, an estimated $213M sold.
Based on aggregated 13F filings for Q3 2013.