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.
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).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| JPMORGAN CHASE & CO added | 142,837,967 | $10.5B | 12.9% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 134,816,565 | $9.9B | 12.2% | 2026-Q1 |
| MORGAN STANLEY added | 125,018,604 | $9.2B | 11.3% | 2026-Q1 |
| Creative Planning added | 121,385,406 | $8.9B | 11.0% | 2026-Q1 |
| VANGUARD ADVISERS INC new | 56,134,617 | $4.1B | 5.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 26,033,142 | $1.9B | 2.4% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 25,672,831 | $1.9B | 2.3% | 2026-Q1 |
| Allworth Financial LP added | 24,193,579 | $1.8B | 2.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 23,879,834 | $1.8B | 2.2% | 2026-Q1 |
| LPL Financial LLC added | 19,093,602 | $1.4B | 1.7% | 2026-Q1 |
| SEI INVESTMENTS CO added | 18,628,006 | $1.4B | 1.7% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 17,033,303 | $1.3B | 1.5% | 2026-Q1 |
| Savant Capital, LLC added | 16,874,567 | $1.2B | 1.5% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 13,731,470 | $1.0B | 1.2% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 12,121,494 | $893M | 1.1% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 11,054,067 | $814M | 1.0% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 9,443,157 | $695M | 0.9% | 2026-Q1 |
| MASTERCARD FOUNDATION ASSET MANAGEMENT CORP | 8,862,905 | $653M | 0.8% | 2026-Q1 |
| Pure Financial Advisors, LLC added | 8,627,785 | $635M | 0.8% | 2026-Q1 |
| CBIZ Investment Advisory Services, LLC added | 8,579,414 | $632M | 0.8% | 2026-Q1 |
| BlackRock, Inc. trimmed | 7,915,573 | $583M | 0.7% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 7,756,971 | $571M | 0.7% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 7,625,939 | $562M | 0.7% | 2026-Q1 |
| Facet Wealth, Inc. added | 7,113,723 | $524M | 0.6% | 2026-Q1 |
| UBS Group AG added | 6,762,413 | $498M | 0.6% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 5,577,371 | $411M | 0.5% | 2026-Q1 |
| STATE STREET CORP added | 5,348,975 | $394M | 0.5% | 2026-Q1 |
| Corient Private Wealth LLC added | 5,230,610 | $381M | 0.5% | 2026-Q1 |
| ASSETMARK, INC added | 4,951,598 | $365M | 0.4% | 2026-Q1 |
| Composition Wealth, LLC added | 4,241,740 | $312M | 0.4% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 4,207,293 | $308M | 0.4% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 4,053,484 | $299M | 0.4% | 2026-Q1 |
| M&T Bank Corp added | 4,016,196 | $296M | 0.4% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. trimmed | 3,622,747 | $267M | 0.3% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 3,600,796 | $265M | 0.3% | 2026-Q1 |
| Retirement Systems of Alabama added | 3,215,296 | $237M | 0.3% | 2026-Q1 |
| Alesco Advisors, LLC, An ESL Co added | 2,748,378 | $202M | 0.2% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 2,707,953 | $199M | 0.2% | 2026-Q1 |
| First Financial Bankshares Inc added | 2,655,286 | $196M | 0.2% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 2,644,586 | $195M | 0.2% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 2,599,326 | $191M | 0.2% | 2026-Q1 |
| TRUIST FINANCIAL CORP trimmed | 2,596,461 | $191M | 0.2% | 2026-Q1 |
| Stairway Partners, LLC added | 2,573,111 | $189M | 0.2% | 2026-Q1 |
| CHOREO, LLC added | 2,439,340 | $180M | 0.2% | 2026-Q1 |
| Foster Group, Inc. added | 2,434,537 | $179M | 0.2% | 2026-Q1 |
| RiverFront Investment Group, LLC added | 2,395,967 | $176M | 0.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 2,359,609 | $174M | 0.2% | 2026-Q1 |
| OAKWORTH CAPITAL, INC. added | 2,206,842 | $163M | 0.2% | 2026-Q1 |
| Alaska Permanent Capital Management, LLC added | 2,192,270 | $161M | 0.2% | 2026-Q1 |
| Voya Financial Advisors, Inc. added | 2,156,873 | $158M | 0.2% | 2026-Q1 |
| RITHOLTZ WEALTH MANAGEMENT added | 2,122,005 | $156M | 0.2% | 2026-Q1 |
| Mariner, LLC added | 2,113,128 | $156M | 0.2% | 2026-Q1 |
| MCMORGAN & CO LLC added | 1,995,233 | $147M | 0.2% | 2026-Q1 |
| PATRIOT INVESTMENT MANAGEMENT GROUP, INC. added | 1,889,555 | $139M | 0.2% | 2026-Q1 |
| Vestmark Advisory Solutions, Inc. added | 1,825,484 | $134M | 0.2% | 2026-Q1 |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC new | 1,822,695 | $134M | 0.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 1,817,727 | $134M | 0.2% | 2026-Q1 |
| Apella Capital, LLC added | 1,796,418 | $133M | 0.2% | 2026-Q1 |
| Verus Financial Partners, Inc. added | 1,782,940 | $132M | 0.2% | 2026-Q1 |
| Capstone Financial Advisors, Inc. added | 1,771,936 | $130M | 0.2% | 2026-Q1 |
| GenTrust, LLC added | 1,748,560 | $129M | 0.2% | 2026-Q1 |
| Wealthfront Advisers LLC trimmed | 1,733,719 | $128M | 0.2% | 2026-Q1 |
| Betterment LLC trimmed | 1,601,843 | $118M | 0.1% | 2026-Q1 |
| Chandler Asset Management, Inc. trimmed | 1,591,957 | $117M | 0.1% | 2026-Q1 |
| AMG National Trust Bank added | 1,583,689 | $117M | 0.1% | 2026-Q1 |
| Trajan Wealth LLC added | 1,556,487 | $115M | 0.1% | 2026-Q1 |
| Bogart Wealth, LLC trimmed | 1,545,387 | $114M | 0.1% | 2026-Q1 |
| Efficient Advisors, LLC added | 1,543,560 | $114M | 0.1% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 1,540,374 | $113M | 0.1% | 2026-Q1 |
| Global Endowment Management, LP trimmed | 1,491,319 | $110M | 0.1% | 2026-Q1 |
| Lutz Financial Services LLC added | 1,431,140 | $105M | 0.1% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 1,426,107 | $105M | 0.1% | 2026-Q1 |
| Stratos Wealth Partners, LTD. trimmed | 1,424,547 | $105M | 0.1% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 1,406,434 | $104M | 0.1% | 2026-Q1 |
| Prime Capital Investment Advisors, LLC added | 1,403,857 | $103M | 0.1% | 2026-Q1 |
| CoreCap Advisors, LLC trimmed | 1,388,516 | $102M | 0.1% | 2026-Q1 |
| Bryn Mawr Trust Advisors, LLC added | 1,346,630 | $99M | 0.1% | 2026-Q1 |
| Envestnet Portfolio Solutions, Inc. trimmed | 1,319,664 | $97M | 0.1% | 2026-Q1 |
| Baker Avenue Asset Management, LP added | 1,316,515 | $97M | 0.1% | 2026-Q1 |
| Pathstone Holdings, LLC added | 1,316,285 | $97M | 0.1% | 2026-Q1 |
| Financial Advisors Network, Inc. added | 1,294,629 | $95M | 0.1% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 1,286,917 | $95M | 0.1% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 1,272,662 | $94M | 0.1% | 2026-Q1 |
| Alaska Wealth Advisors, LLC added | 1,190,886 | $88M | 0.1% | 2026-Q1 |
| B & T Capital Management DBA Alpha Capital Management added | 1,149,292 | $85M | 0.1% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 1,144,831 | $83M | 0.1% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 1,123,323 | $83M | 0.1% | 2026-Q1 |
| ALPS ADVISORS INC trimmed | 1,121,934 | $83M | 0.1% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 1,115,685 | $82M | 0.1% | 2026-Q1 |
| NEOS Investment Management LLC added | 1,107,859 | $81M | 0.1% | 2026-Q1 |
| Pacific Capital Wealth Advisors, Inc. added | 1,102,510 | $81M | 0.1% | 2026-Q1 |
| Constellation Investments, Inc. new | 1,100,000 | $81M | 0.1% | 2026-Q1 |
| BURRUS FINANCIAL SERVICES, INC. added | 1,079,257 | $79M | 0.1% | 2026-Q1 |
| Focus Partners Wealth added | 1,072,338 | $79M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 78,757,756 | $5.8B | 7.2% | 2025-Q4 stale |
| Arizona PSPRS Trust added | 9,807,009 | $726M | 0.9% | 2025-Q4 stale |
| Diana Davis Spencer Foundation | 1,608,100 | $119M | 0.1% | 2025-Q4 stale |
| Garde Capital, Inc. added | 1,576,373 | $117M | 0.1% | 2025-Q3 stale |
| Orgel Wealth Management, LLC added | 1,565,416 | $116M | 0.1% | 2025-Q4 stale |
| AllGen Financial Advisors, Inc. added | 1,085,910 | $80M | 0.1% | 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.
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.