Vanguard Total Bond MarketBNDETF
13F holders, Q4 2025 (December 31)At the end of Q4 2025, 1,797 institutions reported holding Vanguard Total Bond Market (BND) in their 13F filings, up 143 from Q3 2025. 110 opened new positions and 92 sold out. The largest holders were JPMorgan Chase & Co. ($10.3B), Northwestern Mutual Wealth Management Co. ($9.7B) and Morgan Stanley ($9.3B). 5 famous investors held it, including Joel Greenblatt (0.1% of Gotham Asset Management's portfolio), Paul Tudor Jones (0.0% of Tudor Investment Corporation's portfolio) and Cliff Asness (0.0% of AQR Capital Management's portfolio).
- Company
- Vanguard Total Bond Market
- CUSIP
- 921937835
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 110 | $143.9M |
| Exits | 92 | $261.6M |
All 13F filers, Q3 2025 → Q4 2025: 68,015,844 shares bought and 23,259,234 shares sold, net +44,756,610 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 1,797 holders
| JPMorgan Chase & Co. | 0.70% | Add +6.3% | 139,629,587 | $10.3B |
| Northwestern Mutual Wealth Management Co. | 6.13% | Add +3.4% | 130,902,798 | $9.7B |
| Morgan Stanley | 0.55% | Add +15.0% | 124,929,480 | $9.3B |
| Creative Planning | 6.25% | Reduce -5.7% | 117,781,202 | $8.7B |
| Vanguard Group Inc. | 0.08% | Add +9.7% | 78,903,250 | $5.8B |
| Wells Fargo & Company | 0.36% | Reduce -5.6% | 24,643,584 | $1.8B |
| Bank of America Corp. | 0.13% | Add +4.5% | 23,952,426 | $1.8B |
| Envestnet Asset Management Inc. | 0.47% | Reduce -0.6% | 21,470,033 | $1.6B |
| Allworth Financial LP | 6.47% | Add +3.1% | 21,272,987 | $1.6B |
| LPL Financial LLC | 0.38% | Add +5.5% | 18,586,676 | $1.4B |
| Sei Investments Co. | 1.31% | Add +5.8% | 17,855,111 | $1.3B |
| Goldman Sachs Group Inc. | 0.15% | Add +0.1% | 14,258,624 | $1.1B |
| Manufacturers Life Insurance Company, The | 0.79% | Reduce -5.2% | 12,887,730 | $954.6M |
| Arizona PSPRS Trust | 26.74% | Add +0.7% | 9,807,009 | $726.4M |
| Mastercard Foundation Asset Management Corp. | 1.60% | No change | 8,862,905 | $656.5M |
| BlackRock, Inc. | 0.01% | Add +4.6% | 8,571,066 | $634.9M |
| Savant Capital, LLC | 3.39% | Add +17.1% | 8,054,977 | $596.6M |
| CBIZ Investment Advisory Services, LLC | 22.43% | Add +5.2% | 8,006,493 | $593.0M |
| Pure Financial Advisors, LLC | 8.83% | Add +9.3% | 7,953,607 | $589.1M |
| Raymond James Financial Inc. | 0.18% | Add +12.6% | 7,735,108 | $572.9M |
| Cetera Investment Advisers | 0.62% | Add +3.8% | 7,691,585 | $569.7M |
| Facet Wealth, Inc. | 8.72% | Add +15.8% | 6,636,749 | $492.8M |
| UBS Group AG | 0.09% | Add +2.4% | 6,215,916 | $460.4M |
| Ameriprise Financial Inc. | 0.10% | Add +8.7% | 5,959,797 | $441.2M |
| Royal Bank of Canada | 0.07% | Add +4.9% | 5,450,973 | $403.8M |
| State Street Corp. | 0.01% | Add +18.1% | 5,193,064 | $384.7M |
| Bank of New York Mellon Corp | 0.07% | Add +0.6% | 5,171,121 | $383.0M |
| Assetmark, Inc. | 0.70% | Add +2.5% | 4,636,873 | $343.5M |
| Corient Private Wealth LP | 0.42% | Add +49.5% | 4,182,255 | $309.8M |
| HighTower Advisors, LLC | 0.33% | Add +2.0% | 4,071,280 | $301.6M |
| M&T Bank Corp | 0.91% | Add +0.7% | 3,837,282 | $284.2M |
| PNC Financial Services Group, Inc. | 0.15% | Add +3.5% | 3,737,360 | $276.8M |
| Franklin Resources Inc. | 0.07% | Add +2.2% | 3,631,542 | $269.0M |
| Jones Financial Companies LLLP | 0.16% | Add +6.0% | 3,580,407 | $265.2M |
| Composition Wealth, LLC | 3.22% | Reduce -10.4% | 3,032,282 | $224.6M |
| Retirement Systems of Alabama | 0.72% | Reduce -0.5% | 3,001,761 | $222.3M |
| MML Investors Services, LLC | 0.50% | Add +10.6% | 2,784,632 | $206.3M |
| Truist Financial Corp. | 0.28% | Add +1.9% | 2,783,045 | $206.1M |
| First Financial Bankshares Inc | 3.94% | Add +1.6% | 2,645,255 | $195.9M |
| Alesco Advisors, LLC, An ESL Co | 4.87% | Add +12.3% | 2,544,118 | $188.4M |
| Stairway Partners, LLC | 9.59% | Add +16.2% | 2,499,911 | $185.2M |
| Cambridge Investment Research Advisors, Inc. | 0.49% | Add +4.0% | 2,484,285 | $184.0M |
| RiverFront Investment Group, LLC | 2.90% | Reduce -0.3% | 2,376,713 | $176.0M |
| Tiaa Trust, National Association | 0.41% | Reduce -7.5% | 2,318,306 | $171.7M |
| Foster Group, Inc. | 5.18% | Add +4.4% | 2,312,615 | $171.3M |
| Choreo, LLC | 2.04% | Add +17.1% | 2,158,395 | $160.3M |
| Osaic Holdings, Inc. | 0.23% | Reduce -0.8% | 2,153,369 | $159.5M |
| Oakworth Capital, Inc. | 8.40% | Add +8.6% | 2,077,828 | $153.9M |
| Voya Financial Advisors, Inc. | 14.42% | Add +4.4% | 2,020,700 | $150.1M |
| McMorgan & Co. LLC | 24.13% | Add +2.1% | 1,966,377 | $145.6M |
| Ritholtz Wealth Management | 2.58% | Add +10.0% | 1,905,207 | $141.1M |
| Global Endowment Management, LP | 17.38% | Reduce -3.0% | 1,879,532 | $139.2M |
| Alaska Permanent Capital Management, LLC | 10.54% | Add +0.9% | 1,877,846 | $139.1M |
| Vestmark Advisory Solutions, Inc. | 1.79% | Add +9.1% | 1,787,067 | $132.4M |
| Patriot Investment Management Group, Inc. | 8.36% | Add +4.5% | 1,781,109 | $131.9M |
| Capstone Financial Advisors, Inc. | 6.97% | Add +2.3% | 1,765,970 | $130.8M |
| Wealthfront Advisers LLC | 0.29% | Add +5.1% | 1,753,658 | $129.9M |
| Beacon Pointe Advisors, LLC | 0.90% | Add +27.9% | 1,727,380 | $127.9M |
| Verus Financial Partners, Inc. | 11.71% | Add +4.3% | 1,711,886 | $127.3M |
| Betterment LLC | 0.24% | Reduce -6.5% | 1,718,105 | $127.3M |
| Commonwealth Equity Services, LLC | 0.17% | Add +1.2% | 1,688,926 | $125.1M |
| Mariner, LLC | 0.15% | Add +5.3% | 1,684,074 | $124.7M |
| Chandler Asset Management, Inc. | 19.72% | Reduce -0.3% | 1,682,087 | $124.6M |
| Apella Capital, LLC | 2.42% | Add +2.9% | 1,653,788 | $122.5M |
| Bogart Wealth, LLC | 4.80% | Add +3.7% | 1,612,951 | $119.5M |
| Diana Davis Spencer Foundation | 40.20% | No change | 1,608,100 | $119.1M |
| Stratos Wealth Partners, LTD. | 1.32% | Add +3.5% | 1,566,678 | $116.0M |
| Orgel Wealth Management, LLC | 2.56% | Add +4.9% | 1,565,416 | $116.0M |
| GenTrust, LLC | 5.01% | Add +11.4% | 1,562,158 | $115.7M |
| Envestnet Portfolio Solutions, Inc. | 0.39% | Add +5.7% | 1,515,588 | $112.3M |
| Efficient Advisors, LLC | 6.54% | Add +0.3% | 1,511,694 | $112.0M |
| Ocean Park Asset Management, LLC | 5.24% | Reduce -20.2% | 1,506,900 | $111.6M |
| Wealth Enhancement Advisory Services, LLC | 0.14% | Add +1.4% | 1,441,348 | $106.9M |
| AMG National Trust Bank | 2.50% | Add +0.5% | 1,433,840 | $106.2M |
| Trajan Wealth LLC | 4.39% | Add +17.9% | 1,422,462 | $105.4M |
| CoreCap Advisors, LLC | 3.63% | Add +5.6% | 1,404,556 | $104.0M |
| Lutz Financial Services LLC | 6.87% | Add +7.8% | 1,362,944 | $101.0M |
| Prime Capital Investment Advisors, LLC | 1.19% | Add +3.0% | 1,324,196 | $98.1M |
| Bryn Mawr Trust Advisors, LLC | 4.63% | Add +3.3% | 1,299,013 | $96.2M |
| Pathstone Holdings, LLC | 0.37% | Reduce -0.7% | 1,296,825 | $96.1M |
| Kestra Advisory Services, LLC | 0.39% | Add +3.5% | 1,282,232 | $95.0M |
| Baker Avenue Asset Management, LP | 2.19% | Add +6.0% | 1,281,726 | $94.9M |
| Alps Advisors Inc. | 0.55% | Add +5.1% | 1,277,079 | $94.6M |
| Prudential Financial Inc. | 0.11% | Reduce -9.5% | 1,261,987 | $93.5M |
| Armstrong Advisory Group, Inc. | 6.31% | Add +3.8% | 1,259,561 | $93.3M |
| Bricktown Capital, LLC | 14.55% | Reduce -27.1% | 1,167,075 | $86.4M |
| Mercer Global Advisors Inc. | 0.13% | Add +5.4% | 1,166,330 | $86.4M |
| Integrated Wealth Concepts LLC | 1.02% | Add +2.4% | 1,154,063 | $85.5M |
| Alaska Wealth Advisors, LLC | 10.69% | Add +3.9% | 1,132,993 | $83.9M |
| Financial Advisors Network, Inc. | 11.20% | Add +2.4% | 1,103,579 | $81.7M |
| NewEdge Advisors, LLC | 0.29% | Add +6.5% | 1,088,068 | $80.6M |
| B & T Capital Management DBA Alpha Capital Management | 11.35% | Add +6176.7% | 1,087,255 | $80.5M |
| AllGen Financial Advisors, Inc. | 19.08% | Add +6.6% | 1,085,910 | $80.4M |
| Focus Partners Wealth | 0.09% | Add +6.5% | 1,050,629 | $77.8M |
| Acropolis Investment Management, LLC | 3.47% | Reduce -53.4% | 1,039,888 | $77.0M |
| Financial Engines Advisors L.L.C. | 0.15% | Add +0.3% | 1,036,106 | $76.7M |
| Apriem Advisors | 7.03% | Add +1.9% | 1,033,471 | $76.5M |
| Pacific Capital Wealth Advisors, Inc. | 13.10% | Add +1.9% | 1,031,913 | $76.4M |
| Comerica Bank | 0.30% | Add +5.6% | 1,026,577 | $76.0M |
| Merit Financial Group, LLC | 0.60% | Reduce -2.0% | 1,015,856 | $75.2M |
"% of holder's portfolio" is BND's weight in each manager's 13F, not the share of Vanguard Total Bond Market the manager owns.