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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
SFSG
51
Stearns Financial Services Group
North Carolina
$35.2M +$21.1M +259,494 +152%
BAAM
52
Baker Avenue Asset Management
California
$35M -$14.8M -181,901 -30%
Stifel Financial
53
Stifel Financial
Missouri
$34.6M -$569K -6,986 -2%
USAA
54
United Services Automobile Association
Texas
$33.8M -$679K -8,336 -2%
Royal Bank of Canada
55
Royal Bank of Canada
Ontario, Canada
$32.3M -$46.2M -566,357 -59%
First Eagle Investment Management
56
First Eagle Investment Management
New York
$30.6M
IA
57
Ibbotson Associates
Illinois
$29.5M +$3.94M +48,382 +16%
SF
58
Synovus Financial
Georgia
$29M +$276K +3,383 +1%
AIP
59
Ameritas Investment Partners
Nebraska
$28.6M +$269K +3,300 +1%
RJFSA
60
Raymond James Financial Services Advisors
Florida
$28.4M +$27.4M +336,672 +3,202%
PA
61
Paracle Advisors
Washington
$27.4M -$986K -12,097 -3%
Commonwealth Equity Services
62
Commonwealth Equity Services
Massachusetts
$27.2M -$4.82M -59,161 -15%
NYLIM
63
New York Life Investment Management
New York
$27.2M -$685K -8,400 -2%
RVPG
64
Relative Value Partners Group
$25.9M -$4.33M -53,149 -14%
SAM
65
Securian Asset Management
Minnesota
$24.9M -$1.84M -22,523 -7%
BCM
66
BTC Capital Management
Iowa
$24.7M +$2.73M +33,525 +12%
HighTower Advisors
67
HighTower Advisors
Illinois
$24.4M -$219K -2,690 -0.9%
KAM
68
Keeley Asset Management
Illinois
$21.8M
PA
69
Planning Alternatives
Michigan
$21.7M +$6.26M +76,772 +41%
FAAS
70
First Allied Advisory Services
California
$21.2M +$5.32M +65,322 +34%
WB
71
Webster Bank
Connecticut
$20.7M +$602K +7,388 +3%
Vanguard Group
72
Vanguard Group
Pennsylvania
$20.6M +$2.07M +25,372 +11%
HMC
73
Higher Moment Capital
Massachusetts
$20.5M +$7.65M +93,905 +60%
TCM
74
Twin Capital Management
Pennsylvania
$20.3M +$2.07M +25,400 +11%
CM
75
Cornerstone Management
Georgia
$20.2M -$609K -7,478 -3%

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.