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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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
1,446
Holders Change
+170
Holders Change %
+13.32%
% of All Funds
21.08%
Holding in Top 10
239
Holding in Top 10 Change
+32
Holding in Top 10 Change %
+15.46%
% of All Funds
3.48%
New
279
Increased
616
Reduced
451
Closed
85
Calls
$4.82M
Puts
$2.6M
Net Calls
+$2.22M
Net Calls Change
-$1.11M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$6.15B
2
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$753M
3
MIS
Morningstar Investment Services
Illinois
+$599M
4
TTSTC
Texas Treasury Safekeeping Trust Company
Texas
+$432M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$409M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$673M
2
Jones Financial Companies
Jones Financial Companies
Missouri
-$435M
3
US Bancorp
US Bancorp
Minnesota
-$210M
4
G
GenTrust
Florida
-$123M
5
RA
Rational Advisors
New York
-$102M
Name Holding Trade Value Shares
Change 		Change in
Stake
GRP
176
Global Retirement Partners
California
$24.5M +$3.35M +47,477 +16%
HBT
177
Hills Bank & Trust
Iowa
$24.4M +$2.23M +31,617 +11%
FWM
178
Focused Wealth Management
New York
$24.4M -$441K -6,253 -2%
Wealth Enhancement Advisory Services
179
Wealth Enhancement Advisory Services
Minnesota
$24.2M +$3.42M +48,472 +17%
WANY
180
Wealthspire Advisors (New York)
New York
$24.2M +$7.39M +104,739 +47%
JSL
181
JT Stratford LLC
Georgia
$23.9M +$4.29M +60,787 +23%
KL
182
KWMG LLC
Kansas
$23.3M +$341K +4,826 +2%
FA
183
FDx Advisors
Illinois
$23.3M +$432K +6,119 +2%
PWMG
184
Prestige Wealth Management Group
New Jersey
$23.3M -$965K -13,670 -4%
CF
185
Corrigan Financial
Rhode Island
$23.2M +$1.76M +24,896 +9%
DAS
186
Dynamic Advisor Solutions
Arizona
$23.1M +$5.04M +71,326 +29%
COCM
187
Charter Oak Capital Management
New Hampshire
$22.9M +$2.1M +29,800 +11%
BNP Paribas Financial Markets
188
BNP Paribas Financial Markets
France
$22.8M +$15.8M +224,492 +261%
PWM
189
Perigon Wealth Management
California
$22.7M +$305K +4,316 +1%
TFA
190
Transamerica Financial Advisors
Florida
$22.6M -$206K -2,913 -0.9%
FCC
191
Flower City Capital
New York
$22.4M +$21.5M +304,459 New
PFM
192
Phillips Financial Management
Indiana
$22.3M -$1.41M -19,922 -6%
LGWM
193
Litman Gregory Wealth Management
California
$22.3M +$3.3M +46,746 +18%
HPC
194
Hobart Private Capital
North Carolina
$22.3M +$502K +7,110 +2%
CL
195
Choreo LLC
Illinois
$22.2M +$5.54M +78,405 +35%
CWAG
196
Compton Wealth Advisory Group
Virginia
$22M -$2.41M -34,115 -10%
FWP
197
Falcon Wealth Planning
California
$21.9M +$2.18M +30,889 +12%
AA
198
Axiom Advisory
California
$21.7M +$311K +4,401 +2%
Creative Planning
199
Creative Planning
Kansas
$21.7M +$395M +5,594,165 +10%
BWM
200
Benchmark Wealth Management
Connecticut
$21.7M +$754K +10,676 +4%
6 7
8
9 10

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.