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Vanguard Total Bond Market

435 hedge funds and large institutions have $14.3B invested in Vanguard Total Bond Market in 2015 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 171 increasing their positions, 156 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more call options, than puts

Call options by funds: $2.3M | Put options by funds: $1.67M

12% more funds holding in top 10

Funds holding in top 10: 7887 (+9)

11% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 35

10% more repeat investments, than reductions

Existing positions increased: 171 | Existing positions reduced: 156

0% less funds holding

Funds holding: 436435 (-1)

11.63% less ownership

Funds ownership: 69.05%57.42% (-12%)

20% less capital invested

Capital invested by funds: $18B → $14.3B (-$3.68B)

Holders
435
Holders Change
-1
Holders Change %
-0.23%
% of All Funds
12.14%
Holding in Top 10
87
Holding in Top 10 Change
+9
Holding in Top 10 Change %
+11.54%
% of All Funds
2.43%
New
39
Increased
171
Reduced
156
Closed
35
Calls
$2.3M
Puts
$1.67M
Net Calls
+$630K
Net Calls Change
+$346K
Name Holding Trade Value Shares
Change
Change in
Stake
Citigroup
26
Citigroup
New York
$79.9M -$33.8M -414,402 -30%
TFA
27
Transamerica Financial Advisors
Florida
$79.1M +$3.43M +42,124 +5%
IAS
28
INR Advisory Services
Pennsylvania
$76.7M +$36.5K +448 +0%
BC
29
Brinker Capital
Pennsylvania
$75.7M +$75.3M +923,977 New
RJA
30
Raymond James & Associates
Florida
$72.7M +$17.3M +212,026 +31%
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$72M -$21.7M -266,307 -23%
MIH
32
Madison Investment Holdings
Wisconsin
$71.6M -$1.4M -17,125 -2%
Retirement Systems of Alabama
33
Retirement Systems of Alabama
Alabama
$70.1M +$18.7K +230 +0%
NMIS
34
Northwestern Mutual Investment Services
Wisconsin
$62.5M +$5.41M +66,417 +10%
B
35
Bailard
California
$59.4M +$59.1M +725,301 New
Goldman Sachs
36
Goldman Sachs
New York
$56.2M -$8.06M -98,837 -13%
AIM
37
Acropolis Investment Management
Missouri
$55.4M -$461K -5,655 -0.8%
AEPG
38
American Economic Planning Group
New Jersey
$51.9M +$1.14M +13,940 +2%
Betterment LLC
39
Betterment LLC
New York
$51.3M +$9.87M +121,053 +24%
AI
40
Atria Investments
North Carolina
$51.3M -$2.28M -28,006 -4%
LTFS
41
Ladenburg Thalmann Financial Services
Florida
$50.6M +$2.17M +26,668 +5%
VFP
42
Verus Financial Partners
Virginia
$49.7M +$758K +9,295 +2%
RCS
43
Retirement Capital Strategies
California
$47.4M +$1.5M +18,354 +3%
EFS
44
Edelman Financial Services
Virginia
$45.8M +$642K +7,871 +1%
State of Tennessee, Department of Treasury
45
State of Tennessee, Department of Treasury
Tennessee
$44.7M -$4.53M -55,600 -9%
SIM
46
Sentry Investment Management
Wisconsin
$41.4M -$269K -3,300 -0.6%
GI
47
Gradient Investments
Minnesota
$41.2M -$274K -3,358 -0.7%
TCM
48
Twele Capital Management
Minnesota
$40.2M -$2.85M -35,001 -7%
M&T Bank
49
M&T Bank
New York
$39.7M -$2.18M -26,691 -5%
AA
50
Alesco Advisors
New York
$35.3M -$323K -3,968 -0.9%

BND Hedge Fund Activity: Q3 2015 in Review

435 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Vanguard Total Bond Market (BND) for Q3 2015, worth a combined $14.3B — down 20% from $18B a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new BND positions and 35 closed out — a net gain of 4 holders — while 171 added to existing stakes and 156 trimmed.

The largest buyer was QS Investors, adding an estimated $838M. The largest seller was Aegon USA Investment Management, exiting entirely with an estimated $4.66B sold.

  • 435 institutional investors held Vanguard Total Bond Market (BND) as of Q3 2015, down from 436 in Q2 2015.
  • Funds reported $14.3B of Vanguard Total Bond Market stock for Q3 2015, down 20% quarter-over-quarter.
  • 39 funds opened new Vanguard Total Bond Market positions in Q3 2015 and 35 closed out, a net change of +4 holders.
  • The largest Vanguard Total Bond Market buyer in Q3 2015 was QS Investors, an estimated $838M added.
  • The largest Vanguard Total Bond Market seller in Q3 2015 was Aegon USA Investment Management, an estimated $4.66B sold.

Based on aggregated 13F filings for Q3 2015.