FlexShares Core Select Bond Fund
BNDC
27 hedge funds and large institutions have $142M invested in FlexShares Core Select Bond Fund in 2024 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 17 reducing their positions, and 8 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
7.07% less ownership
Funds ownership: 88.11% → 81.04% (-7.1%)
10% less funds holding
Funds holding: 30 → 27 (-3)
13% less capital invested
Capital invested by funds: $163M → $142M (-$21.6M)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
82% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cerity Partners
New York
|
+$1M |
| 2 |
MA
Mutual Advisors
Omaha,
Nebraska
|
+$692K |
| 3 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
+$493K |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
+$492K |
| 5 |
LPL Financial
San Diego,
California
|
+$176K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$16.4M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.23M |
| 3 |
OAM
Occidental Asset Management
Burlingame,
California
|
-$927K |
| 4 |
Jane Street
New York
|
-$856K |
| 5 |
PNC
Park National Corp
Newark,
Ohio
|
-$726K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MG
26
Mather Group
Chicago,
Illinois
| $11.5K | +$11.4K | +515 | New |
|
|
SIS
27
Sound Income Strategies
Ft Lauderdale,
Florida
| $22 | -$352K | -15,943 | -100% |
|
|
28
Jane Street
New York
| – | -$856K | -38,258 | Closed |
|
|
AUB
29
Atlantic Union Bankshares
Glen Allen,
Virginia
| – | -$367K | -16,400 | Closed |
|
|
CRI
30
Colonial River Investments
Midlothian,
Virginia
| – | -$216K | -9,664 | Closed |
|
31
Osaic Holdings
Scottsdale,
Arizona
| – | -$33.9K | -1,515 | Closed |
|
|
KFS
32
Kelly Financial Services
Braintree,
Massachusetts
| – | -$3.89K | -174 | Closed |
|
33
UBS Group
Zurich,
Switzerland
| – | -$984 | -44 | Closed |
|
34
Morgan Stanley
New York
| – | -$66 | -2 | Closed |
|
35
Fidelity Investments
Boston,
Massachusetts
| – | -$22 | -1 | Closed |
|
BNDC Hedge Fund Activity: Q1 2024 in Review
27 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in FlexShares Core Select Bond Fund (BNDC) for Q1 2024, worth a combined $142M — down 13% from $163M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BNDC and 5 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 3 added.
The largest buyer was Cerity Partners, opening a new position worth an estimated $1M. The largest seller was Northern Trust, cutting an estimated $16.4M.
- 27 institutional investors held FlexShares Core Select Bond Fund (BNDC) as of Q1 2024, down from 30 in Q4 2023.
- Funds reported $142M of FlexShares Core Select Bond Fund stock for Q1 2024, down 13% quarter-over-quarter.
- 5 funds opened new FlexShares Core Select Bond Fund positions in Q1 2024 and 8 closed out, a net change of -3 holders.
- The largest FlexShares Core Select Bond Fund buyer in Q1 2024 was Cerity Partners, an estimated $1M added.
- The largest FlexShares Core Select Bond Fund seller in Q1 2024 was Northern Trust, an estimated $16.4M sold.
Based on aggregated 13F filings for Q1 2024.