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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
PMA
201
Prudent Man Advisors
Illinois
$21.6M -$523K -7,408 -2%
GAM
202
Gotham Asset Management
New York
$21.5M – – –
SC
203
Stephens Consulting
Michigan
$21.4M +$1.6M +22,680 +8%
SCM
204
Steele Capital Management
Iowa
$21.4M +$20.5M +291,010 New
DI
205
DFPG Investments
Utah
$21.4M +$13.3M +188,985 +185%
ZF
206
Zhang Financial
Michigan
$21.1M -$850K -12,042 -4%
TFF
207
The Family Firm
Maryland
$20.7M -$1.29M -18,285 -6%
WTB
208
Washington Trust Bank
Washington
$20.6M +$14.2M +201,074 +253%
AP
209
Arlington Partners
Alabama
$20.6M +$19.7M +279,604 New
CTWM
210
Cherry Tree Wealth Management
Minnesota
$20.2M +$920K +13,028 +5%
FTS
211
Fifth Third Securities
Ohio
$20.2M +$5.96M +84,452 +45%
IFA
212
Index Fund Advisors
California
$20M +$779K +11,032 +4%
FMP
213
Financial Management Professionals
Texas
$20M +$479K +6,780 +3%
FAIM
214
Financial Advocates Investment Management
Washington
$20M +$2.54M +35,922 +15%
NSIM
215
North Star Investment Management
Illinois
$19.5M +$947K +13,410 +5%
ST
216
Smithfield Trust
Pennsylvania
$19.4M +$171K +2,420 +0.9%
BSSFA
217
Baron Silver Stevens Financial Advisors
Florida
$19.4M +$3.59M +50,887 +24%
TC
218
TownSquare Capital
Utah
$19.3M +$1.74M +24,672 +10%
HPFG
219
Hart & Patterson Financial Group
Massachusetts
$19.2M +$18.5M +261,332 New
SA
220
SAM Advisors
California
$19M +$741K +10,489 +4%
IWC
221
Integrated Wealth Concepts
Massachusetts
$19M +$1.13M +16,066 +7%
Empower Advisory Group
222
Empower Advisory Group
Colorado
$18.9M +$17.5M +247,174 +2,434%
LRIA
223
Leonard Rickey Investment Advisors
Washington
$18.9M +$466K +6,604 +3%
CFA
224
Cahill Financial Advisors
Minnesota
$18.4M +$484K +6,854 +3%
AAS
225
Avantax Advisory Services
Texas
$18.4M +$2.27M +32,138 +15%
7 8
9
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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.