Vanguard Intermediate-Term Bond ETF
978 hedge funds and large institutions have $17.4B invested in Vanguard Intermediate-Term Bond ETF in 2025 Q4 according to their latest regulatory filings, with 131 funds opening new positions, 482 increasing their positions, 246 reducing their positions, and 57 closing their positions.
130% more first-time investments, than exits
New positions opened: 131 | Existing positions closed: 57
96% more repeat investments, than reductions
Existing positions increased: 482 | Existing positions reduced: 246
14% more funds holding in top 10
Funds holding in top 10: 103 → 117 (+14)
9% more capital invested
Capital invested by funds: $15.9B → $17.4B (+$1.45B)
6% more funds holding
Funds holding: 925 → 978 (+53)
1.91% more ownership
Funds ownership: 63.35% → 65.26% (+1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$103M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$97.7M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$68.3M |
| 4 |
Morgan Stanley
New York
|
+$61.8M |
| 5 |
Goldman Sachs
New York
|
+$55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$215M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$39.5M |
| 3 |
SAS
SMI Advisory Services
Columbus,
Indiana
|
-$24.9M |
| 4 |
TF
Tandem Financial
Greenwood Village,
Colorado
|
-$21.4M |
| 5 |
Jane Street
New York
|
-$19.8M |
BIV Hedge Fund Activity: Q4 2025 in Review
978 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Vanguard Intermediate-Term Bond ETF (BIV) for Q4 2025, worth a combined $17.4B — up 9.1% from $15.9B a quarter earlier.
Buyers outnumbered sellers: 131 funds opened new BIV positions and 57 closed out — a net gain of 74 holders — while 482 added to existing stakes and 246 trimmed.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $103M. The largest seller was Envestnet Asset Management, cutting an estimated $215M.
- 978 institutional investors held Vanguard Intermediate-Term Bond ETF (BIV) as of Q4 2025, up from 925 in Q3 2025.
- Funds reported $17.4B of Vanguard Intermediate-Term Bond ETF stock for Q4 2025, up 9.1% quarter-over-quarter.
- 131 funds opened new Vanguard Intermediate-Term Bond ETF positions in Q4 2025 and 57 closed out, a net change of +74 holders.
- The largest Vanguard Intermediate-Term Bond ETF buyer in Q4 2025 was Northwestern Mutual Wealth Management, an estimated $103M added.
- The largest Vanguard Intermediate-Term Bond ETF seller in Q4 2025 was Envestnet Asset Management, an estimated $215M sold.
Based on aggregated 13F filings for Q4 2025.