Vanguard Total Bond Market
BND
500 hedge funds and large institutions have $20.5B invested in Vanguard Total Bond Market in 2016 Q1 according to their latest regulatory filings, with 66 funds opening new positions, 205 increasing their positions, 172 reducing their positions, and 35 closing their positions.
89% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 35
19% more repeat investments, than reductions
Existing positions increased: 205 | Existing positions reduced: 172
10% more capital invested
Capital invested by funds: $18.7B → $20.5B (+$1.86B)
5% more funds holding
Funds holding: 474 → 500 (+26)
4% more funds holding in top 10
Funds holding in top 10: 96 → 100 (+4)
2.37% less ownership
Funds ownership: 72.63% → 70.25% (-2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$275M |
| 2 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
+$91.2M |
| 3 |
Goldman Sachs
New York
|
+$90M |
| 4 |
State Street
Boston,
Massachusetts
|
+$84M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$82.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFRM
Milliman Financial Risk Management
Chicago,
Illinois
|
-$548M |
| 2 |
WIM
Windhaven Investment Management
Boston,
Massachusetts
|
-$86.7M |
| 3 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$40.9M |
| 4 |
BlackRock
New York
|
-$40.2M |
| 5 |
PCA
Personal Capital Advisors
Redwood City,
California
|
-$39.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EWA
526
EP Wealth Advisors
Torrance,
California
| – | -$211K | -2,611 | Closed |
|
527
SG Americas Securities
New York
| – | -$113K | -1,400 | Closed |
|
|
CMBA
528
C.M. Bidwell & Associates
Honolulu,
Hawaii
| – | -$89K | -1,105 | Closed |
|
|
TF
529
Tompkins Financial
Ithaca,
New York
| – | -$85K | -1,050 | Closed |
|
|
CCMH
530
Cornerstone Capital Management Holdings
New York
| – | -$74K | -922 | Closed |
|
|
HTC
531
Haverford Trust Company
Radnor,
Pennsylvania
| – | -$73K | -900 | Closed |
|
|
AIA
532
Allegis Investment Advisors
Idaho Falls,
Idaho
| – | -$41K | -508 | Closed |
|
|
QCG
533
Quadrant Capital Group
Cincinnati,
Ohio
| – | -$26K | -333 | Closed |
|
|
CFS
534
Commonwealth Financial Services
Vienna,
West Virginia
| – | -$21K | -257 | Closed |
|
|
KCPG
535
Kavar Capital Partners Group
Leawood,
Kansas
| – | -$12K | -158 | Closed |
|
|
BWA
536
Burt Wealth Advisors
North Bethesda,
Maryland
| – | -$2K | -30 | Closed |
|
BND Hedge Fund Activity: Q1 2016 in Review
500 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Vanguard Total Bond Market (BND) for Q1 2016, worth a combined $20.5B — up 10% from $18.7B a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new BND positions and 35 closed out — a net gain of 31 holders — while 205 added to existing stakes and 172 trimmed.
The largest buyer was LPL Financial, adding an estimated $275M. The largest seller was Milliman Financial Risk Management, cutting an estimated $548M.
- 500 institutional investors held Vanguard Total Bond Market (BND) as of Q1 2016, up from 474 in Q4 2015.
- Funds reported $20.5B of Vanguard Total Bond Market stock for Q1 2016, up 10% quarter-over-quarter.
- 66 funds opened new Vanguard Total Bond Market positions in Q1 2016 and 35 closed out, a net change of +31 holders.
- The largest Vanguard Total Bond Market buyer in Q1 2016 was LPL Financial, an estimated $275M added.
- The largest Vanguard Total Bond Market seller in Q1 2016 was Milliman Financial Risk Management, an estimated $548M sold.
Based on aggregated 13F filings for Q1 2016.