Vanguard Total Bond Market
BND
712 hedge funds and large institutions have $25B invested in Vanguard Total Bond Market in 2018 Q4 according to their latest regulatory filings, with 145 funds opening new positions, 227 increasing their positions, 276 reducing their positions, and 70 closing their positions.
436% more call options, than puts
Call options by funds: $2.12M | Put options by funds: $396K
107% more first-time investments, than exits
New positions opened: 145 | Existing positions closed: 70
10% more funds holding
Funds holding: 647 → 712 (+65)
10% more funds holding in top 10
Funds holding in top 10: 110 → 121 (+11)
4% less capital invested
Capital invested by funds: $26.1B → $25B (-$1.02B)
1.39% less ownership
Funds ownership: 69.96% → 68.57% (-1.4%)
18% less repeat investments, than reductions
Existing positions increased: 227 | Existing positions reduced: 276
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$177M |
| 2 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
+$171M |
| 3 |
SBSB
Sullivan, Bruyette, Speros & Blaney
Mclean,
Virginia
|
+$168M |
| 4 |
AI
Atria Investments
Charlotte,
North Carolina
|
+$149M |
| 5 |
CB
Commerce Bank
Kansas City,
Missouri
|
+$128M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.18B |
| 2 |
MFRM
Milliman Financial Risk Management
Chicago,
Illinois
|
-$326M |
| 3 |
Jane Street
New York
|
-$212M |
| 4 |
Morgan Stanley
New York
|
-$88.5M |
| 5 |
Jones Financial Companies
Des Peres,
Missouri
|
-$67.7M |
BND Hedge Fund Activity: Q4 2018 in Review
712 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Vanguard Total Bond Market (BND) for Q4 2018, worth a combined $25B — down 3.9% from $26.1B a quarter earlier.
Buyers outnumbered sellers: 145 funds opened new BND positions and 70 closed out — a net gain of 75 holders — while 227 added to existing stakes and 276 trimmed.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $177M. The largest seller was Envestnet Asset Management, cutting an estimated $1.18B.
- 712 institutional investors held Vanguard Total Bond Market (BND) as of Q4 2018, up from 647 in Q3 2018.
- Funds reported $25B of Vanguard Total Bond Market stock for Q4 2018, down 3.9% quarter-over-quarter.
- 145 funds opened new Vanguard Total Bond Market positions in Q4 2018 and 70 closed out, a net change of +75 holders.
- The largest Vanguard Total Bond Market buyer in Q4 2018 was Northwestern Mutual Wealth Management, an estimated $177M added.
- The largest Vanguard Total Bond Market seller in Q4 2018 was Envestnet Asset Management, an estimated $1.18B sold.
Based on aggregated 13F filings for Q4 2018.