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Vanguard Total Bond Market

749 hedge funds and large institutions have $26.2B invested in Vanguard Total Bond Market in 2019 Q1 according to their latest regulatory filings, with 87 funds opening new positions, 315 increasing their positions, 272 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

108% more call options, than puts

Call options by funds: $4.37M | Put options by funds: $2.1M

93% more first-time investments, than exits

New positions opened: 87 | Existing positions closed: 45

16% more repeat investments, than reductions

Existing positions increased: 315 | Existing positions reduced: 272

5% more funds holding

Funds holding: 712749 (+37)

5% more capital invested

Capital invested by funds: $25B → $26.2B (+$1.2B)

0.08% less ownership

Funds ownership: 68.56%68.48% (-0.08%)

7% less funds holding in top 10

Funds holding in top 10: 121112 (-9)

Holders
749
Holders Change
+37
Holders Change %
+5.2%
% of All Funds
16.21%
Holding in Top 10
112
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-7.44%
% of All Funds
2.42%
New
87
Increased
315
Reduced
272
Closed
45
Calls
$4.37M
Puts
$2.1M
Net Calls
+$2.27M
Net Calls Change
+$546K
Name Holding Trade Value Shares
Change
Change in
Stake
Jones Financial Companies
1
Jones Financial Companies
Missouri
$3.47B -$271M -3,393,215 -7%
MFRM
2
Milliman Financial Risk Management
Illinois
$1.96B +$97.3M +1,217,962 +5%
Northwestern Mutual Wealth Management
3
Northwestern Mutual Wealth Management
Wisconsin
$1.73B -$198M -2,485,121 -10%
LPL Financial
4
LPL Financial
California
$1.32B +$248M +3,099,330 +24%
Wells Fargo
5
Wells Fargo
California
$1.26B +$110M +1,380,308 +10%
Manulife (Manufacturers Life Insurance)
6
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.24B +$40.8M +510,671 +3%
QI
7
QS Investors
New York
$1.2B +$109M +1,366,450 +10%
Envestnet Asset Management
8
Envestnet Asset Management
Illinois
$989M +$19.8M +247,859 +2%
SEI Investments
9
SEI Investments
Pennsylvania
$897M +$38.9M +487,190 +5%
Morgan Stanley
10
Morgan Stanley
New York
$606M +$8.63M +108,028 +1%
Bank of America
11
Bank of America
North Carolina
$452M -$7.92M -99,130 -2%
MIS
12
Morningstar Investment Services
Illinois
$440M +$14.8M +185,907 +4%
PNC Financial Services Group
13
PNC Financial Services Group
Pennsylvania
$416M +$8.26M +103,452 +2%
State Street
14
State Street
Massachusetts
$402M +$923K +11,552 +0.2%
BlackRock
15
BlackRock
New York
$349M +$24.6M +308,546 +8%
RIG
16
RiverFront Investment Group
Virginia
$301M +$121M +1,517,871 +69%
Vanguard Group
17
Vanguard Group
Pennsylvania
$292M +$34.7M +434,386 +14%
UBS Group
18
UBS Group
Switzerland
$277M -$68.8M -861,757 -20%
M&T Bank
19
M&T Bank
New York
$263M +$13.2M +165,731 +5%
LNC
20
Lincoln National Corp
Pennsylvania
$253M +$7.43M +93,001 +3%
CSIA
21
Charles Schwab Investment Advisory
California
$242M -$10.1M -126,196 -4%
Ameriprise
22
Ameriprise
Minnesota
$231M +$25.6M +320,159 +13%
Citigroup
23
Citigroup
New York
$228M -$50.5M -632,941 -18%
Creative Planning
24
Creative Planning
Kansas
$215M -$9.2M -115,261 -4%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$201M +$46.5M +581,837 +31%

BND Hedge Fund Activity: Q1 2019 in Review

749 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Vanguard Total Bond Market (BND) for Q1 2019, worth a combined $26.2B — up 4.8% from $25B a quarter earlier.

Buyers outnumbered sellers: 87 funds opened new BND positions and 45 closed out — a net gain of 42 holders — while 315 added to existing stakes and 272 trimmed.

The largest buyer was LPL Financial, adding an estimated $248M. The largest seller was Jones Financial Companies, cutting an estimated $271M.

  • 749 institutional investors held Vanguard Total Bond Market (BND) as of Q1 2019, up from 712 in Q4 2018.
  • Funds reported $26.2B of Vanguard Total Bond Market stock for Q1 2019, up 4.8% quarter-over-quarter.
  • 87 funds opened new Vanguard Total Bond Market positions in Q1 2019 and 45 closed out, a net change of +42 holders.
  • The largest Vanguard Total Bond Market buyer in Q1 2019 was LPL Financial, an estimated $248M added.
  • The largest Vanguard Total Bond Market seller in Q1 2019 was Jones Financial Companies, an estimated $271M sold.

Based on aggregated 13F filings for Q1 2019.