Vanguard Total Bond Market
BND
1,654 hedge funds and large institutions have $80.5B invested in Vanguard Total Bond Market in 2025 Q3 according to their latest regulatory filings, with 135 funds opening new positions, 831 increasing their positions, 506 reducing their positions, and 88 closing their positions.
282% more call options, than puts
Call options by funds: $7.43M | Put options by funds: $1.95M
64% more repeat investments, than reductions
Existing positions increased: 831 | Existing positions reduced: 506
53% more first-time investments, than exits
New positions opened: 135 | Existing positions closed: 88
6% more capital invested
Capital invested by funds: $76.2B → $80.5B (+$4.21B)
1% more funds holding
Funds holding: 1,644 → 1,654 (+10)
0.46% less ownership
Funds ownership: 60.08% → 59.62% (-0.46%)
3% less funds holding in top 10
Funds holding in top 10: 271 → 264 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
+$740M |
| 2 |
JP Morgan Chase
New York
|
+$403M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$347M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$345M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$310M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$248M |
| 2 |
VAS
Vestmark Advisory Solutions
Wakefield,
Massachusetts
|
-$108M |
| 3 |
Corient Private Wealth
Miami,
Florida
|
-$72.7M |
| 4 |
Cerity Partners
New York
|
-$58.8M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
-$53.7M |
BND Hedge Fund Activity: Q3 2025 in Review
1,654 of the 7,639 institutional investors tracked by Wall St. Rank reported a position in Vanguard Total Bond Market (BND) for Q3 2025, worth a combined $80.5B — up 5.5% from $76.2B a quarter earlier.
Buyers outnumbered sellers: 135 funds opened new BND positions and 88 closed out — a net gain of 47 holders — while 831 added to existing stakes and 506 trimmed.
The largest buyer was Creative Planning, adding an estimated $740M. The largest seller was State Street, cutting an estimated $248M.
- 1,654 institutional investors held Vanguard Total Bond Market (BND) as of Q3 2025, up from 1,644 in Q2 2025.
- Funds reported $80.5B of Vanguard Total Bond Market stock for Q3 2025, up 5.5% quarter-over-quarter.
- 135 funds opened new Vanguard Total Bond Market positions in Q3 2025 and 88 closed out, a net change of +47 holders.
- The largest Vanguard Total Bond Market buyer in Q3 2025 was Creative Planning, an estimated $740M added.
- The largest Vanguard Total Bond Market seller in Q3 2025 was State Street, an estimated $248M sold.
Based on aggregated 13F filings for Q3 2025.