Vanguard Total Bond Market
BND
1,651 hedge funds and large institutions have $80.4B invested in Vanguard Total Bond Market in 2025 Q3 according to their latest regulatory filings, with 135 funds opening new positions, 827 increasing their positions, 508 reducing their positions, and 87 closing their positions.
282% more call options, than puts
Call options by funds: $7.43M | Put options by funds: $1.95M
63% more repeat investments, than reductions
Existing positions increased: 827 | Existing positions reduced: 508
55% more first-time investments, than exits
New positions opened: 135 | Existing positions closed: 87
6% more capital invested
Capital invested by funds: $76.2B → $80.4B (+$4.21B)
1% more funds holding
Funds holding: 1,639 → 1,651 (+12)
0.66% less ownership
Funds ownership: 60.2% → 59.53% (-0.66%)
3% less funds holding in top 10
Funds holding in top 10: 270 → 263 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
+$740M |
| 2 |
JP Morgan Chase
New York
|
+$403M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$347M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$345M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$310M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$248M |
| 2 |
GFA
Gallagher Fiduciary Advisors
Rolling Meadows,
Illinois
|
-$215M |
| 3 |
VAS
Vestmark Advisory Solutions
Wakefield,
Massachusetts
|
-$108M |
| 4 |
Corient Private Wealth
Miami,
Florida
|
-$72.7M |
| 5 |
Cerity Partners
New York
|
-$58.8M |
BND Hedge Fund Activity: Q3 2025 in Review
1,651 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Vanguard Total Bond Market (BND) for Q3 2025, worth a combined $80.4B — up 5.5% from $76.2B a quarter earlier.
Buyers outnumbered sellers: 135 funds opened new BND positions and 87 closed out — a net gain of 48 holders — while 827 added to existing stakes and 508 trimmed.
The largest buyer was Creative Planning, adding an estimated $740M. The largest seller was State Street, cutting an estimated $248M.
- 1,651 institutional investors held Vanguard Total Bond Market (BND) as of Q3 2025, up from 1,639 in Q2 2025.
- Funds reported $80.4B of Vanguard Total Bond Market stock for Q3 2025, up 5.5% quarter-over-quarter.
- 135 funds opened new Vanguard Total Bond Market positions in Q3 2025 and 87 closed out, a net change of +48 holders.
- The largest Vanguard Total Bond Market buyer in Q3 2025 was Creative Planning, an estimated $740M added.
- The largest Vanguard Total Bond Market seller in Q3 2025 was State Street, an estimated $248M sold.
Based on aggregated 13F filings for Q3 2025.