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Institutional Ownership · SEC Form 13F

Who owns BND (BND)


Which tracked institutional funds hold BND, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BND company fundamentals →

Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

1,757
Institutional holders
1,163,298,797
Shares held (tracked funds)

How the tape is positioned

504 tracked funds added or opened BND while 314 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.

A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.

Conviction spread

BND’s largest tracked holder by dollar value, JPMORGAN CHASE & CO, sizes it at 0.7% of its own reported 13F book, while the median holder sizes it at 1.2% of theirs — a 0.5pp gap the other way — the median holder sizes BND more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in BND divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.

Institutional & insider positioning

Between 2025-Q4 and 2026-Q1, across 1757 tracked filers holding BND, 1015 increased or opened the position and 729 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.

This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.

New buyers & exits

Funds opening or closing a position in BND between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.

New buyers 64

  • VANGUARD ADVISERS INC$4.1B
  • Vanguard Global Advisers, LLC$1.3B
  • VANGUARD CAPITAL MANAGEMENT LLC$814M
  • TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC$134M
  • Constellation Investments, Inc.$81M
  • Boston Partners$45M

Full exits 70

  • VANGUARD GROUP INC$5.8B
  • Arizona PSPRS Trust$726M
  • Diana Davis Spencer Foundation$119M
  • Orgel Wealth Management, LLC$116M
  • AllGen Financial Advisors, Inc.$80M
  • COMERICA BANK$76M

Largest adds

  • NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$9.9B
  • Savant Capital, LLC$646M
  • M&T Bank Corp$295M
  • AMERIPRISE FINANCIAL INC$254M
  • Creative Planning$215M
  • Allworth Financial LP$206M

Largest trims

  • Bank of New York Mellon Corp$315M
  • TIAA TRUST, NATIONAL ASSOCIATION$144M
  • Ocean Park Asset Management, LLC$110M
  • Bricktown Capital, LLC$81M
  • Valpey Financial Services, LLC$66M
  • MANUFACTURERS LIFE INSURANCE COMPANY, THE$62M

Institutional holders

One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).

FundSharesReported value% of valueQuarter
JPMORGAN CHASE & CO added142,837,967$10.5B12.9%2026-Q1
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added134,816,565$9.9B12.2%2026-Q1
MORGAN STANLEY added125,018,604$9.2B11.3%2026-Q1
Creative Planning added121,385,406$8.9B11.0%2026-Q1
VANGUARD ADVISERS INC new56,134,617$4.1B5.1%2026-Q1
WELLS FARGO & COMPANY/MN added26,033,142$1.9B2.4%2026-Q1
BANK OF AMERICA CORP /DE/ added25,672,831$1.9B2.3%2026-Q1
Allworth Financial LP added24,193,579$1.8B2.2%2026-Q1
ENVESTNET ASSET MANAGEMENT INC added23,879,834$1.8B2.2%2026-Q1
LPL Financial LLC added19,093,602$1.4B1.7%2026-Q1
SEI INVESTMENTS CO added18,628,006$1.4B1.7%2026-Q1
Vanguard Global Advisers, LLC new17,033,303$1.3B1.5%2026-Q1
Savant Capital, LLC added16,874,567$1.2B1.5%2026-Q1
GOLDMAN SACHS GROUP INC trimmed13,731,470$1.0B1.2%2026-Q1
MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed12,121,494$893M1.1%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new11,054,067$814M1.0%2026-Q1
AMERIPRISE FINANCIAL INC added9,443,157$695M0.9%2026-Q1
MASTERCARD FOUNDATION ASSET MANAGEMENT CORP8,862,905$653M0.8%2026-Q1
Pure Financial Advisors, LLC added8,627,785$635M0.8%2026-Q1
CBIZ Investment Advisory Services, LLC added8,579,414$632M0.8%2026-Q1
BlackRock, Inc. trimmed7,915,573$583M0.7%2026-Q1
RAYMOND JAMES FINANCIAL INC added7,756,971$571M0.7%2026-Q1
Cetera Investment Advisers trimmed7,625,939$562M0.7%2026-Q1
Facet Wealth, Inc. added7,113,723$524M0.6%2026-Q1
UBS Group AG added6,762,413$498M0.6%2026-Q1
ROYAL BANK OF CANADA added5,577,371$411M0.5%2026-Q1
STATE STREET CORP added5,348,975$394M0.5%2026-Q1
Corient Private Wealth LLC added5,230,610$381M0.5%2026-Q1
ASSETMARK, INC added4,951,598$365M0.4%2026-Q1
Composition Wealth, LLC added4,241,740$312M0.4%2026-Q1
JONES FINANCIAL COMPANIES LLLP added4,207,293$308M0.4%2026-Q1
HighTower Advisors, LLC trimmed4,053,484$299M0.4%2026-Q1
M&T Bank Corp added4,016,196$296M0.4%2026-Q1
PNC FINANCIAL SERVICES GROUP, INC. trimmed3,622,747$267M0.3%2026-Q1
FRANKLIN RESOURCES INC trimmed3,600,796$265M0.3%2026-Q1
Retirement Systems of Alabama added3,215,296$237M0.3%2026-Q1
Alesco Advisors, LLC, An ESL Co added2,748,378$202M0.2%2026-Q1
Cambridge Investment Research Advisors, Inc. added2,707,953$199M0.2%2026-Q1
First Financial Bankshares Inc added2,655,286$196M0.2%2026-Q1
MML INVESTORS SERVICES, LLC trimmed2,644,586$195M0.2%2026-Q1
Beacon Pointe Advisors, LLC added2,599,326$191M0.2%2026-Q1
TRUIST FINANCIAL CORP trimmed2,596,461$191M0.2%2026-Q1
Stairway Partners, LLC added2,573,111$189M0.2%2026-Q1
CHOREO, LLC added2,439,340$180M0.2%2026-Q1
Foster Group, Inc. added2,434,537$179M0.2%2026-Q1
RiverFront Investment Group, LLC added2,395,967$176M0.2%2026-Q1
OSAIC HOLDINGS, INC. added2,359,609$174M0.2%2026-Q1
OAKWORTH CAPITAL, INC. added2,206,842$163M0.2%2026-Q1
Alaska Permanent Capital Management, LLC added2,192,270$161M0.2%2026-Q1
Voya Financial Advisors, Inc. added2,156,873$158M0.2%2026-Q1
RITHOLTZ WEALTH MANAGEMENT added2,122,005$156M0.2%2026-Q1
Mariner, LLC added2,113,128$156M0.2%2026-Q1
MCMORGAN & CO LLC added1,995,233$147M0.2%2026-Q1
PATRIOT INVESTMENT MANAGEMENT GROUP, INC. added1,889,555$139M0.2%2026-Q1
Vestmark Advisory Solutions, Inc. added1,825,484$134M0.2%2026-Q1
TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC new1,822,695$134M0.2%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC added1,817,727$134M0.2%2026-Q1
Apella Capital, LLC added1,796,418$133M0.2%2026-Q1
Verus Financial Partners, Inc. added1,782,940$132M0.2%2026-Q1
Capstone Financial Advisors, Inc. added1,771,936$130M0.2%2026-Q1
GenTrust, LLC added1,748,560$129M0.2%2026-Q1
Wealthfront Advisers LLC trimmed1,733,719$128M0.2%2026-Q1
Betterment LLC trimmed1,601,843$118M0.1%2026-Q1
Chandler Asset Management, Inc. trimmed1,591,957$117M0.1%2026-Q1
AMG National Trust Bank added1,583,689$117M0.1%2026-Q1
Trajan Wealth LLC added1,556,487$115M0.1%2026-Q1
Bogart Wealth, LLC trimmed1,545,387$114M0.1%2026-Q1
Efficient Advisors, LLC added1,543,560$114M0.1%2026-Q1
VICTORY CAPITAL MANAGEMENT INC added1,540,374$113M0.1%2026-Q1
Global Endowment Management, LP trimmed1,491,319$110M0.1%2026-Q1
Lutz Financial Services LLC added1,431,140$105M0.1%2026-Q1
Integrated Wealth Concepts LLC added1,426,107$105M0.1%2026-Q1
Stratos Wealth Partners, LTD. trimmed1,424,547$105M0.1%2026-Q1
Kestra Advisory Services, LLC added1,406,434$104M0.1%2026-Q1
Prime Capital Investment Advisors, LLC added1,403,857$103M0.1%2026-Q1
CoreCap Advisors, LLC trimmed1,388,516$102M0.1%2026-Q1
Bryn Mawr Trust Advisors, LLC added1,346,630$99M0.1%2026-Q1
Envestnet Portfolio Solutions, Inc. trimmed1,319,664$97M0.1%2026-Q1
Baker Avenue Asset Management, LP added1,316,515$97M0.1%2026-Q1
Pathstone Holdings, LLC added1,316,285$97M0.1%2026-Q1
Financial Advisors Network, Inc. added1,294,629$95M0.1%2026-Q1
ALLIANCEBERNSTEIN L.P. added1,286,917$95M0.1%2026-Q1
PRUDENTIAL FINANCIAL INC added1,272,662$94M0.1%2026-Q1
Alaska Wealth Advisors, LLC added1,190,886$88M0.1%2026-Q1
B & T Capital Management DBA Alpha Capital Management added1,149,292$85M0.1%2026-Q1
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed1,144,831$83M0.1%2026-Q1
FIFTH THIRD BANCORP added1,123,323$83M0.1%2026-Q1
ALPS ADVISORS INC trimmed1,121,934$83M0.1%2026-Q1
MERCER GLOBAL ADVISORS INC /ADV trimmed1,115,685$82M0.1%2026-Q1
NEOS Investment Management LLC added1,107,859$81M0.1%2026-Q1
Pacific Capital Wealth Advisors, Inc. added1,102,510$81M0.1%2026-Q1
Constellation Investments, Inc. new1,100,000$81M0.1%2026-Q1
BURRUS FINANCIAL SERVICES, INC. added1,079,257$79M0.1%2026-Q1
Focus Partners Wealth added1,072,338$79M0.1%2026-Q1
VANGUARD GROUP INC added78,757,756$5.8B7.2%2025-Q4 stale
Arizona PSPRS Trust added9,807,009$726M0.9%2025-Q4 stale
Diana Davis Spencer Foundation1,608,100$119M0.1%2025-Q4 stale
Garde Capital, Inc. added1,576,373$117M0.1%2025-Q3 stale
Orgel Wealth Management, LLC added1,565,416$116M0.1%2025-Q4 stale
AllGen Financial Advisors, Inc. added1,085,910$80M0.1%2025-Q4 stale

Ownership over time

Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.

HoldersTotal shares

Reading this table

Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.

About 13F filings

A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.

Learn how to read institutional ownership