Vanguard Total Bond Market
BND
1,446 hedge funds and large institutions have $65.6B invested in Vanguard Total Bond Market in 2023 Q4 according to their latest regulatory filings, with 279 funds opening new positions, 616 increasing their positions, 451 reducing their positions, and 85 closing their positions.
228% more first-time investments, than exits
New positions opened: 279 | Existing positions closed: 85
85% more call options, than puts
Call options by funds: $4.82M | Put options by funds: $2.6M
37% more repeat investments, than reductions
Existing positions increased: 616 | Existing positions reduced: 451
15% more funds holding in top 10
Funds holding in top 10: 207 → 239 (+32)
15% more capital invested
Capital invested by funds: $57B → $65.6B (+$8.65B)
13% more funds holding
Funds holding: 1,276 → 1,446 (+170)
6.91% more ownership
Funds ownership: 60.2% → 67.11% (+6.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$6.15B |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$753M |
| 3 |
MIS
Morningstar Investment Services
Chicago,
Illinois
|
+$599M |
| 4 |
TTSTC
Texas Treasury Safekeeping Trust Company
Austin,
Texas
|
+$432M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$409M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$673M |
| 2 |
Jones Financial Companies
Des Peres,
Missouri
|
-$435M |
| 3 |
US Bancorp
Minneapolis,
Minnesota
|
-$210M |
| 4 |
G
GenTrust
Miami,
Florida
|
-$123M |
| 5 |
RA
Rational Advisors
Huntington,
New York
|
-$102M |
BND Hedge Fund Activity: Q4 2023 in Review
1,446 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Vanguard Total Bond Market (BND) for Q4 2023, worth a combined $65.6B — up 15% from $57B a quarter earlier.
Buyers outnumbered sellers: 279 funds opened new BND positions and 85 closed out — a net gain of 194 holders — while 616 added to existing stakes and 451 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $6.15B. The largest seller was JP Morgan Chase, cutting an estimated $673M.
- 1,446 institutional investors held Vanguard Total Bond Market (BND) as of Q4 2023, up from 1,276 in Q3 2023.
- Funds reported $65.6B of Vanguard Total Bond Market stock for Q4 2023, up 15% quarter-over-quarter.
- 279 funds opened new Vanguard Total Bond Market positions in Q4 2023 and 85 closed out, a net change of +194 holders.
- The largest Vanguard Total Bond Market buyer in Q4 2023 was Morgan Stanley, an estimated $6.15B added.
- The largest Vanguard Total Bond Market seller in Q4 2023 was JP Morgan Chase, an estimated $673M sold.
Based on aggregated 13F filings for Q4 2023.