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Vanguard Long-Term Corporate Bond ETF

47 hedge funds and large institutions have $287M invested in Vanguard Long-Term Corporate Bond ETF in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 22 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% less funds holding

Funds holding: 5447 (-7)

33% less capital invested

Capital invested by funds: $431M → $287M (-$144M)

41% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 22

47% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 15

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
47
Holders Change
-7
Holders Change %
-12.96%
% of All Funds
1.52%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
8
Increased
13
Reduced
22
Closed
15
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Envestnet Asset Management
1
Envestnet Asset Management
Illinois
$49.4M -$23.8M -289,740 -32%
Bank of America
2
Bank of America
North Carolina
$42.8M +$3.3M +40,163 +8%
USAA
3
United Services Automobile Association
Texas
$42.4M +$9.89M +120,256 +30%
Wells Fargo
4
Wells Fargo
California
$29.4M -$7.28M -88,516 -20%
MAA
5
Managed Account Advisors
New Jersey
$26.6M -$4.6M -55,979 -15%
VKH
6
Virtu KCG Holdings
New York
$16.4M +$16.4M +199,714 New
LTI
7
Laffer Tengler Investments
Tennessee
$13.1M
Fidelity Investments
8
Fidelity Investments
Massachusetts
$7.75M
Nisa Investment Advisors
9
Nisa Investment Advisors
Missouri
$6.36M +$75.7K +920 +1%
LTFS
10
Ladenburg Thalmann Financial Services
Florida
$5.84M -$827K -10,049 -12%
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$5.37M -$41.9M -509,774 -89%
Wellington Management Group
12
Wellington Management Group
Massachusetts
$4.78M -$2.12M -25,805 -31%
RA
13
Research Affiliates
California
$4.59M
SNC
14
Stifel Nicolaus & Co
Missouri
$4.29M +$4.3M +52,280 New
AGA
15
Accuvest Global Advisors
Utah
$3.61M +$1.23M +14,960 +51%
RT
16
Rockland Trust
Massachusetts
$3.29M
Goldman Sachs
17
Goldman Sachs
New York
$2.88M +$2.88M +35,061 New
BOH
18
Bank of Hawaii
Hawaii
$2.74M -$1.84M -22,390 -40%
Morgan Stanley
19
Morgan Stanley
New York
$2.24M -$866K -10,534 -28%
U
20
UBS
Switzerland
$2.03M +$17.2K +209 +0.8%
BCM
21
Bluefin Capital Management
New York
$1.3M -$9.44M -114,761 -88%
GC
22
Guggenheim Capital
Illinois
$1.28M -$302K -3,674 -19%
WB
23
WesBanco Bank
West Virginia
$1.15M
TCM
24
Twele Capital Management
Minnesota
$901K +$477K +5,800 +112%
Cambridge Investment Research Advisors
25
Cambridge Investment Research Advisors
Iowa
$866K +$53.7K +653 +7%

VCLT Hedge Fund Activity: Q3 2013 in Review

47 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Vanguard Long-Term Corporate Bond ETF (VCLT) for Q3 2013, worth a combined $287M — down 33% from $431M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of VCLT and 8 opened new positions — a net loss of 7 holders — while 22 trimmed existing stakes and 13 added.

The largest buyer was United Services Automobile Association, adding an estimated $9.89M. The largest seller was Royal Bank of Canada, cutting an estimated $41.9M.

  • 47 institutional investors held Vanguard Long-Term Corporate Bond ETF (VCLT) as of Q3 2013, down from 54 in Q2 2013.
  • Funds reported $287M of Vanguard Long-Term Corporate Bond ETF stock for Q3 2013, down 33% quarter-over-quarter.
  • 8 funds opened new Vanguard Long-Term Corporate Bond ETF positions in Q3 2013 and 15 closed out, a net change of -7 holders.
  • The largest Vanguard Long-Term Corporate Bond ETF buyer in Q3 2013 was United Services Automobile Association, an estimated $9.89M added.
  • The largest Vanguard Long-Term Corporate Bond ETF seller in Q3 2013 was Royal Bank of Canada, an estimated $41.9M sold.

Based on aggregated 13F filings for Q3 2013.