Fidelity Total Bond ETF
FBND
623 hedge funds and large institutions have $16B invested in Fidelity Total Bond ETF in 2025 Q2 according to their latest regulatory filings, with 64 funds opening new positions, 323 increasing their positions, 199 reducing their positions, and 48 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 323 | Existing positions reduced: 199
33% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 48
1% more capital invested
Capital invested by funds: $15.7B → $16B (+$220M)
1% more funds holding
Funds holding: 618 → 623 (+5)
1% less ownership
Funds ownership: 86.46% → 85.46% (-1%)
8% less funds holding in top 10
Funds holding in top 10: 146 → 135 (-11)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$225M |
| 2 |
GFA
Gallagher Fiduciary Advisors
Rolling Meadows,
Illinois
|
+$89.2M |
| 3 |
RWM
Ritholtz Wealth Management
New York
|
+$64M |
| 4 |
LPL Financial
San Diego,
California
|
+$61.9M |
| 5 |
Goldman Sachs
New York
|
+$61.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$263M |
| 2 |
RA
RFG Advisory
Birmingham,
Alabama
|
-$156M |
| 3 |
Creative Planning
Overland Park,
Kansas
|
-$135M |
| 4 |
JP Morgan Chase
New York
|
-$66.9M |
| 5 |
Jane Street
New York
|
-$48.1M |
FBND Hedge Fund Activity: Q2 2025 in Review
623 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Fidelity Total Bond ETF (FBND) for Q2 2025, worth a combined $16B — up 1.4% from $15.7B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new FBND positions and 48 closed out — a net gain of 16 holders — while 323 added to existing stakes and 199 trimmed.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $225M. The largest seller was Morgan Stanley, cutting an estimated $263M.
- 623 institutional investors held Fidelity Total Bond ETF (FBND) as of Q2 2025, up from 618 in Q1 2025.
- Funds reported $16B of Fidelity Total Bond ETF stock for Q2 2025, up 1.4% quarter-over-quarter.
- 64 funds opened new Fidelity Total Bond ETF positions in Q2 2025 and 48 closed out, a net change of +16 holders.
- The largest Fidelity Total Bond ETF buyer in Q2 2025 was Northwestern Mutual Wealth Management, an estimated $225M added.
- The largest Fidelity Total Bond ETF seller in Q2 2025 was Morgan Stanley, an estimated $263M sold.
Based on aggregated 13F filings for Q2 2025.