Vanguard Total Bond Market
BND
318 hedge funds and large institutions have $12.3B invested in Vanguard Total Bond Market in 2013 Q4 according to their latest regulatory filings, with 53 funds opening new positions, 94 increasing their positions, 133 reducing their positions, and 21 closing their positions.
152% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 21
25% more capital invested
Capital invested by funds: $9.77B → $12.3B (+$2.48B)
10% more funds holding
Funds holding: 290 → 318 (+28)
6% more funds holding in top 10
Funds holding in top 10: 49 → 52 (+3)
2.07% more ownership
Funds ownership: 70.7% → 72.77% (+2.1%)
29% less repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 133
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AUIM
Aegon USA Investment Management
Cedar Rapids,
Iowa
|
+$1.15B |
| 2 |
Jones Financial Companies
Des Peres,
Missouri
|
+$189M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$64.1M |
| 4 |
JRP
Jasper Ridge Partners
Menlo Park,
California
|
+$40.5M |
| 5 |
QLMGAA
QS Legg Mason Global Asset Allocation
New York
|
+$40M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
Windhaven Investment Management
Boston,
Massachusetts
|
-$242M |
| 2 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
-$62.7M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$54.3M |
| 4 |
Bank of New York Mellon
New York
|
-$33.1M |
| 5 |
Morgan Stanley
New York
|
-$30.6M |
BND Hedge Fund Activity: Q4 2013 in Review
318 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Vanguard Total Bond Market (BND) for Q4 2013, worth a combined $12.3B — up 25% from $9.77B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new BND positions and 21 closed out — a net gain of 32 holders — while 94 added to existing stakes and 133 trimmed.
The largest buyer was Aegon USA Investment Management, adding an estimated $1.15B. The largest seller was Windhaven Investment Management, cutting an estimated $242M.
- 318 institutional investors held Vanguard Total Bond Market (BND) as of Q4 2013, up from 290 in Q3 2013.
- Funds reported $12.3B of Vanguard Total Bond Market stock for Q4 2013, up 25% quarter-over-quarter.
- 53 funds opened new Vanguard Total Bond Market positions in Q4 2013 and 21 closed out, a net change of +32 holders.
- The largest Vanguard Total Bond Market buyer in Q4 2013 was Aegon USA Investment Management, an estimated $1.15B added.
- The largest Vanguard Total Bond Market seller in Q4 2013 was Windhaven Investment Management, an estimated $242M sold.
Based on aggregated 13F filings for Q4 2013.