Vanguard Total Bond Market
BND
403 hedge funds and large institutions have $20B invested in Vanguard Total Bond Market in 2014 Q4 according to their latest regulatory filings, with 94 funds opening new positions, 172 increasing their positions, 93 reducing their positions, and 18 closing their positions.
422% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 18
85% more repeat investments, than reductions
Existing positions increased: 172 | Existing positions reduced: 93
35% more funds holding in top 10
Funds holding in top 10: 57 → 77 (+20)
21% more funds holding
Funds holding: 333 → 403 (+70)
15% more capital invested
Capital invested by funds: $17.3B → $20B (+$2.66B)
2.36% less ownership
Funds ownership: 78.85% → 76.48% (-2.4%)
97% less call options, than puts
Call options by funds: $9K | Put options by funds: $272K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$869M |
| 2 |
AUIM
Aegon USA Investment Management
Cedar Rapids,
Iowa
|
+$533M |
| 3 |
QI
QS Investors
New York
|
+$325M |
| 4 |
Jones Financial Companies
Des Peres,
Missouri
|
+$126M |
| 5 |
AA
ALPS Advisors
Denver,
Colorado
|
+$76.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
Windhaven Investment Management
Boston,
Massachusetts
|
-$68.3M |
| 2 |
B
Bailard
Foster City,
California
|
-$59.1M |
| 3 |
Bank of New York Mellon
New York
|
-$41.9M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$34.6M |
| 5 |
Ohio Public Employees Retirement System (OPERS)
Columbus,
Ohio
|
-$23.4M |
BND Hedge Fund Activity: Q4 2014 in Review
403 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Vanguard Total Bond Market (BND) for Q4 2014, worth a combined $20B — up 15% from $17.3B a quarter earlier.
Buyers outnumbered sellers: 94 funds opened new BND positions and 18 closed out — a net gain of 76 holders — while 172 added to existing stakes and 93 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $869M. The largest seller was Windhaven Investment Management, cutting an estimated $68.3M.
- 403 institutional investors held Vanguard Total Bond Market (BND) as of Q4 2014, up from 333 in Q3 2014.
- Funds reported $20B of Vanguard Total Bond Market stock for Q4 2014, up 15% quarter-over-quarter.
- 94 funds opened new Vanguard Total Bond Market positions in Q4 2014 and 18 closed out, a net change of +76 holders.
- The largest Vanguard Total Bond Market buyer in Q4 2014 was Manulife (Manufacturers Life Insurance), an estimated $869M added.
- The largest Vanguard Total Bond Market seller in Q4 2014 was Windhaven Investment Management, an estimated $68.3M sold.
Based on aggregated 13F filings for Q4 2014.