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Vanguard Total Bond Market

402 hedge funds and large institutions have $18.3B invested in Vanguard Total Bond Market in 2014 Q4 according to their latest regulatory filings, with 94 funds opening new positions, 171 increasing their positions, 93 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

422% more first-time investments, than exits

New positions opened: 94 | Existing positions closed: 18

84% more repeat investments, than reductions

Existing positions increased: 171 | Existing positions reduced: 93

36% more funds holding in top 10

Funds holding in top 10: 5676 (+20)

21% more funds holding

Funds holding: 332402 (+70)

11% more capital invested

Capital invested by funds: $16.6B → $18.3B (+$1.76B)

2.45% less ownership

Funds ownership: 78.65%76.2% (-2.4%)

97% less call options, than puts

Call options by funds: $9K | Put options by funds: $272K

Holders
402
Holders Change
+70
Holders Change %
+21.08%
% of All Funds
10.72%
Holding in Top 10
76
Holding in Top 10 Change
+20
Holding in Top 10 Change %
+35.71%
% of All Funds
2.03%
New
94
Increased
171
Reduced
93
Closed
18
Calls
$9K
Puts
$272K
Net Calls
-$263K
Net Calls Change
+$335K
Name Holding Trade Value Shares
Change
Change in
Stake
AUIM
1
Aegon USA Investment Management
Iowa
$5.36B +$533M +6,466,189 +11%
Jones Financial Companies
2
Jones Financial Companies
Missouri
$3.25B +$126M +1,528,577 +4%
WIM
3
Windhaven Investment Management
Massachusetts
$1.26B -$68.3M -827,821 -5%
Wells Fargo
4
Wells Fargo
California
$1.04B +$39.4M +477,796 +4%
UBS Group
5
UBS Group
Switzerland
$610M +$611M +7,407,733 New
Morgan Stanley
6
Morgan Stanley
New York
$446M +$58.6M +710,789 +15%
BlackRock
7
BlackRock
New York
$434M
State Street
8
State Street
Massachusetts
$395M -$10.8M -130,818 -3%
QI
9
QS Investors
New York
$336M +$325M +3,935,584 +2,685%
Bank of America
10
Bank of America
North Carolina
$263M +$58.7M +711,120 +29%
IA
11
IndexIQ Advisors
New York
$225M +$50.9M +616,760 +29%
LPL Financial
12
LPL Financial
California
$217M +$26.8M +324,761 +14%
Envestnet Asset Management
13
Envestnet Asset Management
Illinois
$187M -$34.6M -419,547 -16%
Bank of New York Mellon
14
Bank of New York Mellon
New York
$182M -$41.9M -508,001 -19%
PNC Financial Services Group
15
PNC Financial Services Group
Pennsylvania
$170M +$73.9M +896,034 +77%
AA
16
ALPS Advisors
Colorado
$165M +$76.2M +923,854 +83%
MIS
17
Morningstar Investment Services
Illinois
$150M +$12M +145,385 +9%
DDSF
18
Diana Davis Spencer Foundation
Maryland
$132M +$133M +1,608,100 New
LNC
19
Lincoln National Corp
Pennsylvania
$129M +$12.8M +154,657 +11%
Citigroup
20
Citigroup
New York
$125M +$10M +121,727 +9%
SB
21
Suntrust Banks
Georgia
$121M +$7.13M +86,502 +6%
Natixis Advisors
22
Natixis Advisors
Massachusetts
$111M +$5.46M +66,201 +5%
BOH
23
Bank of Hawaii
Hawaii
$100M -$2.66M -32,227 -3%
TAIM
24
TD Ameritrade Investment Management
Nebraska
$82.5M -$12.8M -155,195 -13%
Cambridge Investment Research Advisors
25
Cambridge Investment Research Advisors
Iowa
$79.9M +$38.9M +471,143 +94%

BND Hedge Fund Activity: Q4 2014 in Review

402 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Vanguard Total Bond Market (BND) for Q4 2014, worth a combined $18.3B — up 11% from $16.6B a quarter earlier.

Buyers outnumbered sellers: 94 funds opened new BND positions and 18 closed out — a net gain of 76 holders — while 171 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.

  • 402 institutional investors held Vanguard Total Bond Market (BND) as of Q4 2014, up from 332 in Q3 2014.
  • Funds reported $18.3B of Vanguard Total Bond Market stock for Q4 2014, up 11% 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.