Vanguard Total Bond Market
BND
1,610 hedge funds and large institutions have $74.4B invested in Vanguard Total Bond Market in 2025 Q1 according to their latest regulatory filings, with 127 funds opening new positions, 739 increasing their positions, 594 reducing their positions, and 88 closing their positions.
52% more call options, than puts
Call options by funds: $3.81M | Put options by funds: $2.51M
44% more first-time investments, than exits
New positions opened: 127 | Existing positions closed: 88
24% more repeat investments, than reductions
Existing positions increased: 739 | Existing positions reduced: 594
6% more funds holding in top 10
Funds holding in top 10: 258 → 273 (+15)
0% more funds holding
Funds holding: 1,606 → 1,610 (+4)
4% less capital invested
Capital invested by funds: $77.8B → $74.4B (-$3.45B)
3.14% less ownership
Funds ownership: 62.23% → 59.09% (-3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mastercard Foundation Asset Management (MFAM)
Toronto,
Ontario, Canada
|
+$643M |
| 2 |
Morgan Stanley
New York
|
+$629M |
| 3 |
Creative Planning
Overland Park,
Kansas
|
+$580M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$344M |
| 5 |
JP Morgan Chase
New York
|
+$300M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EP
Essential Planning
Portsmouth,
New Hampshire
|
-$3.27B |
| 2 |
TTSTC
Texas Treasury Safekeeping Trust Company
Austin,
Texas
|
-$297M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$288M |
| 4 |
MWM
Mission Wealth Management
Santa Barbara,
California
|
-$193M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$129M |
BND Hedge Fund Activity: Q1 2025 in Review
1,610 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Vanguard Total Bond Market (BND) for Q1 2025, worth a combined $74.4B — down 4.4% from $77.8B a quarter earlier.
Buyers outnumbered sellers: 127 funds opened new BND positions and 88 closed out — a net gain of 39 holders — while 739 added to existing stakes and 594 trimmed.
The largest buyer was Mastercard Foundation Asset Management (MFAM), opening a new position worth an estimated $643M. The largest seller was Essential Planning, cutting an estimated $3.27B.
- 1,610 institutional investors held Vanguard Total Bond Market (BND) as of Q1 2025, up from 1,606 in Q4 2024.
- Funds reported $74.4B of Vanguard Total Bond Market stock for Q1 2025, down 4.4% quarter-over-quarter.
- 127 funds opened new Vanguard Total Bond Market positions in Q1 2025 and 88 closed out, a net change of +39 holders.
- The largest Vanguard Total Bond Market buyer in Q1 2025 was Mastercard Foundation Asset Management (MFAM), an estimated $643M added.
- The largest Vanguard Total Bond Market seller in Q1 2025 was Essential Planning, an estimated $3.27B sold.
Based on aggregated 13F filings for Q1 2025.