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Vanguard Total Bond Market

521 hedge funds and large institutions have $20.4B invested in Vanguard Total Bond Market in 2016 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 262 increasing their positions, 143 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more call options, than puts

Call options by funds: $480K | Put options by funds: $253K

83% more repeat investments, than reductions

Existing positions increased: 262 | Existing positions reduced: 143

59% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 29

3% more funds holding

Funds holding: 508521 (+13)

3% less capital invested

Capital invested by funds: $21.1B → $20.4B (-$660M)

3.57% less ownership

Funds ownership: 66.93%63.36% (-3.6%)

6% less funds holding in top 10

Funds holding in top 10: 10498 (-6)

Holders
521
Holders Change
+13
Holders Change %
+2.56%
% of All Funds
13.9%
Holding in Top 10
98
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-5.77%
% of All Funds
2.61%
New
46
Increased
262
Reduced
143
Closed
29
Calls
$480K
Puts
$253K
Net Calls
+$227K
Net Calls Change
+$489K
Name Holding Trade Value Shares
Change
Change in
Stake
Jones Financial Companies
1
Jones Financial Companies
Missouri
$3.9B -$69.2M -821,676 -2%
MFRM
2
Milliman Financial Risk Management
Illinois
$2.72B -$48.2M -572,711 -2%
Wells Fargo
3
Wells Fargo
California
$1.57B +$213M +2,532,254 +16%
QI
4
QS Investors
New York
$1.36B -$27.4M -325,797 -2%
Manulife (Manufacturers Life Insurance)
5
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.11B +$27.5M +327,038 +3%
UBS Group
6
UBS Group
Switzerland
$858M -$19.7M -234,390 -2%
Morgan Stanley
7
Morgan Stanley
New York
$667M +$12.2M +145,379 +2%
WIM
8
Windhaven Investment Management
Massachusetts
$545M -$317M -3,760,826 -37%
State Street
9
State Street
Massachusetts
$468M -$74.2M -882,083 -14%
BlackRock
10
BlackRock
New York
$414M +$4.4M +52,225 +1%
Bank of America
11
Bank of America
North Carolina
$396M -$105M -1,248,054 -21%
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$366M +$9.9M +117,637 +3%
PNC Financial Services Group
13
PNC Financial Services Group
Pennsylvania
$267M +$15.4M +182,936 +6%
SEI Investments
14
SEI Investments
Pennsylvania
$228M +$59.8M +710,833 +35%
Goldman Sachs
15
Goldman Sachs
New York
$222M -$130M -1,538,669 -37%
MIS
16
Morningstar Investment Services
Illinois
$187M -$30.4M -360,737 -14%
LNC
17
Lincoln National Corp
Pennsylvania
$175M +$7.41M +88,080 +4%
USAA
18
United Services Automobile Association
Texas
$163M +$59.6M +708,237 +58%
Ameriprise
19
Ameriprise
Minnesota
$160M +$52.7M +626,068 +49%
Natixis Advisors
20
Natixis Advisors
Massachusetts
$149M +$5.78M +68,656 +4%
Betterment LLC
21
Betterment LLC
New York
$146M +$30.1M +357,449 +26%
DDSF
22
Diana Davis Spencer Foundation
Maryland
$135M
Bank of New York Mellon
23
Bank of New York Mellon
New York
$121M -$2.07M -24,617 -2%
BC
24
Brinker Capital
Pennsylvania
$108M -$5.31M -63,044 -5%
IAS
25
INR Advisory Services
Pennsylvania
$100M +$19.3M +229,116 +24%

BND Hedge Fund Activity: Q3 2016 in Review

521 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Vanguard Total Bond Market (BND) for Q3 2016, worth a combined $20.4B — down 3.1% from $21.1B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new BND positions and 29 closed out — a net gain of 17 holders — while 262 added to existing stakes and 143 trimmed.

The largest buyer was Wells Fargo, adding an estimated $213M. The largest seller was Windhaven Investment Management, cutting an estimated $317M.

  • 521 institutional investors held Vanguard Total Bond Market (BND) as of Q3 2016, up from 508 in Q2 2016.
  • Funds reported $20.4B of Vanguard Total Bond Market stock for Q3 2016, down 3.1% quarter-over-quarter.
  • 46 funds opened new Vanguard Total Bond Market positions in Q3 2016 and 29 closed out, a net change of +17 holders.
  • The largest Vanguard Total Bond Market buyer in Q3 2016 was Wells Fargo, an estimated $213M added.
  • The largest Vanguard Total Bond Market seller in Q3 2016 was Windhaven Investment Management, an estimated $317M sold.

Based on aggregated 13F filings for Q3 2016.