Vanguard Total Bond Market
BND
1,651 hedge funds and large institutions have $76.3B invested in Vanguard Total Bond Market in 2025 Q2 according to their latest regulatory filings, with 145 funds opening new positions, 728 increasing their positions, 624 reducing their positions, and 87 closing their positions.
312% more call options, than puts
Call options by funds: $6.24M | Put options by funds: $1.52M
67% more first-time investments, than exits
New positions opened: 145 | Existing positions closed: 87
57% more capital inflows, than outflows
Capital inflows: $5.39B | Capital outflows: $3.44B
17% more repeat investments, than reductions
Existing positions increased: 728 | Existing positions reduced: 624
2% more funds holding
Funds holding: 1,619 → 1,651 (+32)
1% more ownership
Funds ownership: 59.1% → 60.11% (+1%)
1% less funds holding in top 10
Funds holding in top 10: 274 → 272 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$1.65B |
| 2 |
Creative Planning
Overland Park,
Kansas
|
+$461M |
| 3 |
SEI Investments
Oaks,
Pennsylvania
|
+$362M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$321M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$253M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.51B |
| 2 |
Texas Treasury Safekeeping Trust Company
Austin,
Texas
|
-$553M |
| 3 |
RFG Advisory
Birmingham,
Alabama
|
-$154M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$97.7M |
| 5 |
Jane Street
New York
|
-$83M |
BND Hedge Fund Activity: Q2 2025 in Review
1,651 of the 7,628 institutional investors tracked by Wall St. Rank reported a position in Vanguard Total Bond Market (BND) for Q2 2025, worth a combined $76.3B — up 2.5% from $74.4B a quarter earlier.
Buyers outnumbered sellers: 145 funds opened new BND positions and 87 closed out — a net gain of 58 holders — while 728 added to existing stakes and 624 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $1.65B. The largest seller was Morgan Stanley, cutting an estimated $1.51B.
- 1,651 institutional investors held Vanguard Total Bond Market (BND) as of Q2 2025, up from 1,619 in Q1 2025.
- Funds reported $76.3B of Vanguard Total Bond Market stock for Q2 2025, up 2.5% quarter-over-quarter.
- 145 funds opened new Vanguard Total Bond Market positions in Q2 2025 and 87 closed out, a net change of +58 holders.
- The largest Vanguard Total Bond Market buyer in Q2 2025 was JP Morgan Chase, an estimated $1.65B added.
- The largest Vanguard Total Bond Market seller in Q2 2025 was Morgan Stanley, an estimated $1.51B sold.
Based on aggregated 13F filings for Q2 2025.