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Vanguard Total Bond Market
BND

318 hedge funds and large institutions have $12.3B invested in Vanguard Total Bond Market in 2013 Q4 according to their latest regulatory filings, with 53 funds opening new positions, 94 increasing their positions, 133 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

152% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 21

25% more capital invested

Capital invested by funds: $9.77B → $12.3B (+$2.48B)

10% more funds holding

Funds holding: 290 → 318 (+28)

6% more funds holding in top 10

Funds holding in top 10: 49 → 52 (+3)

2.07% more ownership

Funds ownership: 70.7% → 72.77% (+2.1%)

29% less repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 133

Holders
318
Holders Change
+28
Holders Change %
+9.66%
% of All Funds
9.23%
Holding in Top 10
52
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+6.12%
% of All Funds
1.51%
New
53
Increased
94
Reduced
133
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AUIM
Aegon USA Investment Management
Iowa
+$1.15B
2
Jones Financial Companies
Jones Financial Companies
Missouri
+$189M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$64.1M
4
JRP
Jasper Ridge Partners
California
+$40.5M
5
QLMGAA
QS Legg Mason Global Asset Allocation
New York
+$40M

Top Sellers

Rank Fund Capital Flow
1
WIM
Windhaven Investment Management
Massachusetts
-$242M
2
Fifth Third Bancorp
Fifth Third Bancorp
Ohio
-$62.7M
3
U
UBS
Switzerland
-$54.3M
4
Bank of New York Mellon
Bank of New York Mellon
New York
-$33.1M
5
Morgan Stanley
Morgan Stanley
New York
-$30.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
MMLI
326
Massachusetts Mutual Life Insurance
Massachusetts
– -$1.18M -14,555 Closed
Nomura Holdings
327
Nomura Holdings
Japan
– -$928K -11,483 Closed
IH
328
IFC Holdings
Florida
– -$575K -7,110 Closed
DS
329
DRW Securities
Illinois
– -$516K -6,334 Closed
BSW
330
Buckingham Strategic Wealth
Missouri
– -$402K -4,970 Closed
PFS
331
Prospera Financial Services
Texas
– -$353K -4,377 Closed
BAS
332
Brown Advisory Securities
Maryland
– -$312K -3,850 Closed
Two Sigma Investments
333
Two Sigma Investments
New York
– -$300K -3,714 Closed
DWM
334
Destination Wealth Management
California
– -$233K -2,888 Closed
GHF
335
Good Harbor Financial
Illinois
– -$220K -2,714 Closed
SFG
336
SNS Financial Group
Minnesota
– -$215K -2,664 Closed
BA
337
Boston Advisors
Massachusetts
– -$210K -2,602 Closed
AAS
338
Annex Advisory Services
Wisconsin
– -$210K -2,593 Closed
KTC
339
Kistler-Tiffany Companies
Pennsylvania
– -$76K -936 Closed
TCCM
340
Timber Creek Capital Management
Massachusetts
– -$64K -800 Closed
10 11 12 13
14

BND Hedge Fund Activity: Q4 2013 in Review

318 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Vanguard Total Bond Market (BND) for Q4 2013, worth a combined $12.3B — up 25% from $9.77B a quarter earlier.

Buyers outnumbered sellers: 53 funds opened new BND positions and 21 closed out — a net gain of 32 holders — while 94 added to existing stakes and 133 trimmed.

The largest buyer was Aegon USA Investment Management, adding an estimated $1.15B. The largest seller was Windhaven Investment Management, cutting an estimated $242M.

  • 318 institutional investors held Vanguard Total Bond Market (BND) as of Q4 2013, up from 290 in Q3 2013.
  • Funds reported $12.3B of Vanguard Total Bond Market stock for Q4 2013, up 25% quarter-over-quarter.
  • 53 funds opened new Vanguard Total Bond Market positions in Q4 2013 and 21 closed out, a net change of +32 holders.
  • The largest Vanguard Total Bond Market buyer in Q4 2013 was Aegon USA Investment Management, an estimated $1.15B added.
  • The largest Vanguard Total Bond Market seller in Q4 2013 was Windhaven Investment Management, an estimated $242M sold.

Based on aggregated 13F filings for Q4 2013.