Vanguard Total Bond Market
BND
290 hedge funds and large institutions have $11.9B invested in Vanguard Total Bond Market in 2013 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 86 increasing their positions, 131 reducing their positions, and 38 closing their positions.
3.76% more ownership
Funds ownership: 66.94% → 70.7% (+3.8%)
3% more capital invested
Capital invested by funds: $11.6B → $11.9B (+$338M)
3% less funds holding
Funds holding: 298 → 290 (-8)
6% less funds holding in top 10
Funds holding in top 10: 52 → 49 (-3)
11% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 38
34% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 131
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AUIM
Aegon USA Investment Management
Cedar Rapids,
Iowa
|
+$673M |
| 2 |
Jones Financial Companies
Des Peres,
Missouri
|
+$201M |
| 3 |
QLMGAA
QS Legg Mason Global Asset Allocation
New York
|
+$43.1M |
| 4 |
IG
ING Group
Amsterdam,
Netherlands
|
+$24.1M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$21.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$134M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$73.7M |
| 3 |
Morgan Stanley
New York
|
-$68.9M |
| 4 |
State Street
Boston,
Massachusetts
|
-$66.8M |
| 5 |
AI
Atria Investments
Charlotte,
North Carolina
|
-$32.9M |
BND Hedge Fund Activity: Q3 2013 in Review
290 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Vanguard Total Bond Market (BND) for Q3 2013, worth a combined $11.9B — up 2.9% from $11.6B a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of BND and 34 opened new positions — a net loss of 4 holders — while 131 trimmed existing stakes and 86 added.
The largest buyer was Aegon USA Investment Management, adding an estimated $673M. The largest seller was Credit Suisse, cutting an estimated $134M.
- 290 institutional investors held Vanguard Total Bond Market (BND) as of Q3 2013, down from 298 in Q2 2013.
- Funds reported $11.9B of Vanguard Total Bond Market stock for Q3 2013, up 2.9% quarter-over-quarter.
- 34 funds opened new Vanguard Total Bond Market positions in Q3 2013 and 38 closed out, a net change of -4 holders.
- The largest Vanguard Total Bond Market buyer in Q3 2013 was Aegon USA Investment Management, an estimated $673M added.
- The largest Vanguard Total Bond Market seller in Q3 2013 was Credit Suisse, an estimated $134M sold.
Based on aggregated 13F filings for Q3 2013.