BND · VANGUARD TOTAL BOND MARKET INDEX FUND · Holdings ETF

$70.73 +0.13 (+0.18%)

Volume · Oct 20 6.9M Avg daily vol (3M) 9.7M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 398

Total Value: $3,353,853,336

Total Shares: 47,809,744

Showing 1–100 of 398 holdings by value · page 1 of 4

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 398 13F filers · Δ vs Jun 30, 2026

Top Holder

6.3%

−6.1 pts

Top 5

26.1%

−22.7 pts

Top 10

38.7%

−20.9 pts

HHI

216

Broadly held−334

Who Holds BND

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 1,830 filers, like-for-like change +7.3%; actively managed books +8.4%; index-like books +1.5%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	41.6%	1,258	+11.0%	89	53
Exempt adviser	0.0%	4	+14.8%	1	0
Adviser	1.2%	13	+4.0%	1	1
Bank	19.6%	46	+6.8%	2	0
Insurer	0.1%	3	+9.5%	0	0
Broker-dealer	1.6%	1	+3.5%	0	0
Benefit plan	0.8%	3	+0.7%	1	0
Non-US	0.1%	6	+3.4%	1	0
Holding company	12.1%	11	+1.2%	0	0
Unknown	22.8%	485	+5.6%	34	31

Style	Share	Filers	Change	New	Exited
Index-like	13.3%	12	+1.5%	0	0
Systematic-like	0.0%	7	-39.5%	4	3
Concentrated	24.2%	919	+13.7%	56	45
Diversified active	61.8%	889	+6.5%	69	35
Unknown	0.7%	3	-1.2%	0	2
Not measured	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	86.7%	1,298	+6.9%	85	36
Medium turnover	3.9%	267	-2.3%	25	26
High turnover	0.1%	25	-52.2%	8	9
Unknown	9.3%	240	+18.8%	11	14
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	9.2%	234	+19.7%	18	15
Medium horizon	6.2%	478	+1.8%	37	35
Long horizon	84.1%	1,080	+6.7%	72	30
Unknown	0.4%	38	-13.8%	2	5
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	7.3%	1,143	+4.6%	86	62
$1B to $10B	12.6%	528	+11.7%	35	18
$10B to $100B	17.2%	116	+14.8%	6	2
$100B or more	62.9%	43	+5.0%	2	3
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	35.7%	1,134	+11.7%	77	46
Pooled investment vehicles	1.6%	11	+12.5%	2	0
Registered funds and BDCs	1.4%	17	+2.1%	5	1
Pension and profit sharing plans	1.2%	23	+6.6%	0	2
Insurance companies	0.0%	4	+0.4%	0	1
Charitable organizations	0.2%	7	+121.5%	1	0
Governments and sovereign funds	0.3%	5	+5.1%	0	0
Banks and thrifts	0.1%	3	-23.4%	0	0
Corporations	0.0%	4	-7.3%	1	0
Other investment advisers	0.2%	10	+2.7%	1	2
Other	0.0%	3	-23.3%	1	0
Diversified	0.8%	31	+0.1%	0	1
Unknown	58.4%	578	+4.9%	41	32

Private funds	Share	Filers	Change	New	Exited
Hedge funds	0.4%	50	-1.3%	8	2
Private equity funds	10.9%	39	+7.2%	5	2
Venture capital funds	0.1%	8	-5.3%	0	0
Real estate funds	0.1%	13	+15.1%	0	0
Liquidity funds	0.0%	1	-71.5%	0	0
Securitized asset funds	0.1%	4	-0.1%	0	0
Other private funds	1.3%	45	+9.1%	5	1
Mixed private funds	0.1%	9	-32.2%	1	0
Private funds, type not stated	0.2%	8	+5.7%	0	2
No private funds	28.5%	1,083	+13.4%	71	46
Unknown	58.4%	570	+4.9%	39	32

Location	Share	Filers	Change	New	Exited
United States	96.4%	1,770	+6.8%	122	79
Outside the US	3.6%	60	+22.5%	7	5
Unknown	0.0%	0	-100.0%	0	1

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 32 holders with no observed 2026-03-31 13F and 29 holders with no observed 2026-06-30 13F. Compared across CIK changes: 4 filers continue as Evelyn Partners Group Ltd.

Conviction and Crowding

1,830 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

508

27.8% of filers hold it in their top 10

Mar 31, 2026: 556

Holders above 5%

161

median weight 0.210%

Mar 31, 2026: 197

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

59.7%

of 13F shares, Herfindahl 0.055

Active holders

+8.4%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 21.8 quarters

Under 1 year 9.84% 1 to 3 years 7.18% 3 years or more 83.0% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $68,095 (1 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$73.81

estimated per share

Mar 31, 2026: $73.89

Quarter-end price

$73.39

implied by 13F values

Estimated gain or loss

-0.6%

price against the estimated cost

Estimated at a loss

38.1%

of costed 13F value

Estimated cost covers 8.54% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of BND by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 14,044,351 shares.

Fund type	Shares	Funds
Index funds	0	0
Index ETFs	14,044,351	2
Active ETFs	1,269,097	2
Active funds	293,200	4
Unclassified	110,439	1
All registered funds	15,717,087	9

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Quarterly Activity

vs Jun 30, 2026

New

Increased

202

Decreased

125

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -1,444

Institutional value: -96.4%

Shares held: -96.2%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Mid ARMSTRONG ADVISORY GROUP, INC	+2,119,510	2,989,249
Mid Charles Schwab Trust Co	+957,851	1,614,434
Mid Apella Capital, LLC	+181,617	2,002,610
Mid CoreCap Advisors, LLC	+139,147	1,535,928
Small Trust Co	+137,786	1,118,579

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Small Boston Standard Wealth Management, LLC	−527,949	26,060
Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	−237,049	934,826
Mid SAX WEALTH ADVISORS, LLC	−217,342	186,173
Small CMG Global Holdings, LLC	−154,739	33,790
Mid Legacy Private Trust Co.	−147,328	645,234

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Small SARD WEALTH MANAGEMENT GROUP, LLC	342,356	$24,016,273
Small Essex LLC	135,497	$9,505,114
Small Schear Investment Advisers, LLC	46,679	$3,274,531
Small Armbruster Capital Management, Inc.	34,975	$2,453,496
Small GEN Financial Management, INC.	34,181	$2,397,797

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Micro Newport Capital Group, LLC	204,409	$15,005,664
Small ALM First Financial Advisors, LLC	174,200	$12,788,022
Small FIDUCIARY ADVISORS, INC.	15,210	$1,116,566
Mid Goelzer Investment Management, Inc.	12,500	$917,625
Mid BURNEY CO/	8,968	$658,340

Filter: New 29 Increased 202 Reduced 125 Sold out 23 Unchanged 41

Holder type: Registered adviser 271 Exempt adviser 2 Bank 3 Unknown 122

Showing 100 of 398

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

ARMSTRONG ADVISORY GROUP, INC BND

$209,695,817

6.25%

2,989,249

Stairway Partners, LLC BND

$204,490,897

6.10%

2,915,052

Foster Group, Inc. BND

$184,727,889

5.51%

2,633,327

Apella Capital, LLC BND

$140,483,091

4.19%

2,002,610

PATRIOT INVESTMENT MANAGEMENT GROUP, INC. BND

$135,420,646

4.04%

1,930,444

Charles Schwab Trust Co BND

$113,252,545

3.38%

1,614,434

CoreCap Advisors, LLC BND

$107,745,349

3.21%

1,535,928

Trust Co BND

$78,468,316

2.34%

1,118,579

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC BND

$65,578,043

1.96%

934,826

Twele Capital Management, Inc. BND

$59,320,804

1.77%

845,628

Cambridge Advisors Inc. BND

$57,645,902

1.72%

821,752

Newton One Investments LLC BND

$54,845,304

1.64%

781,829

Farther Finance Advisors, LLC BND

$53,529,430

1.60%

763,071

Gridiron Partners, LLC BND

$46,304,612

1.38%

660,080

Legacy Private Trust Co. BND

$45,263,164

1.35%

645,234

First PREMIER Bank BND

$43,747,854

1.30%

623,633

Avior Wealth Management, LLC BND

$41,910,135

1.25%

597,436

Tenon Financial LLC BND

$41,160,512

1.23%

586,750

ASPIRIANT, LLC BND

$40,615,867

1.21%

578,986

TOMPKINS FINANCIAL CORP BND

$39,247,802

1.17%

559,484

Acropolis Investment Management, LLC BND

$37,028,396

1.10%

527,846

RIVERSEDGE ADVISORS, LLC BND

$35,793,546

1.07%

510,243

KWMG, LLC BND

$35,251,778

1.05%

502,520

Global Wealth Strategies & Associates BND

$32,021,510

0.95%

456,472

Sound Stewardship, LLC BND

$31,809,377

0.95%

453,448

Dynamic Advisor Solutions LLC BND

$30,626,297

0.91%

436,583

Prospera Capital Management, LLC BND

$29,218,737

0.87%

416,518

Aletheian Wealth Advisors LLC BND

$28,125,730

0.84%

400,937

Wealth Analytics Partners, LLC BND

$27,069,552

0.81%

385,881

Greenbush Financial Group, LLC BND

$25,749,750

0.77%

367,067

Atria Investments, Inc BND

$25,693,209

0.77%

366,261

McNaughton Wealth Management, LLC BND

$25,478,620

0.76%

363,202

Hobart Private Capital, LLC BND

$24,764,352

0.74%

353,020

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
AE Wealth Management LLC	3,371	$236,475	1.0%	Defined
Held directly	349,649	$24,527,877	99.0%	Sole

SARD WEALTH MANAGEMENT GROUP, LLC BND

$24,016,273

0.72%

342,356

Great Waters Wealth Management BND

$23,303,970

0.69%

332,202

Veery Capital, LLC BND

$22,429,059

0.67%

319,730

ATMOS ADVISORY, LLC BND

$21,879,855

0.65%

311,901

Luminvest Wealth Management LLC BND

$21,835,941

0.65%

311,275

IFP Advisors, Inc BND

$20,556,685

0.61%

293,039

Cherry Tree Wealth Management, LLC BND

$20,222,631

0.60%

288,277

PFG Advisors BND

$20,186,434

0.60%

287,761

Vannoy Advisory Group, Inc. BND

$19,845,435

0.59%

282,900

Lexington Hill Partners, LLC BND

$19,617,237

0.58%

279,647

Financial Architects, LLC BND

$19,060,456

0.57%

271,710

Attessa Capital LLC BND

$18,580,630

0.55%

264,870

Acorn Wealth Advisors, LLC BND

$18,339,875

0.55%

261,438

McKinley Carter Wealth Services, Inc. BND

$18,219,989

0.54%

259,729

Galvin, Gaustad & Stein, LLC BND

$17,878,288

0.53%

254,858

Dynamic Wealth Strategies, LLC BND

$16,233,832

0.48%

231,416

MATHER GROUP, LLC. BND

$16,134,219

0.48%

229,996

INDEPENDENT FINANCIAL GROUP, LLC BND

$15,611,742

0.47%

222,548

CFS Investment Advisory Services, LLC BND

$15,597,151

0.47%

222,340

FOCUS Wealth Advisors, LLC BND

$15,395,960

0.46%

219,472

Brindle & Bay Financial Advisors, LLC BND

$15,060,222

0.45%

214,686

Trellis Wealth Advisors LLC BND

$15,037,003

0.45%

214,355

Signal Advisors Wealth, LLC BND

$14,909,049

0.44%

212,531

Cyr Financial Inc. BND

$14,787,339

0.44%

210,796

Regent Peak Wealth Advisors LLC BND

$14,661,911

0.44%

209,008

SAX WEALTH ADVISORS, LLC BND

$13,060,035

0.39%

186,173

Powers Advisory Group, LLC BND

$12,631,910

0.38%

180,070

Main Line Retirement Advisors, LLC BND

$12,284,948

0.37%

175,124

LVW Advisors, LLC BND

$11,934,829

0.36%

170,133

Concurrent Investment Advisors, LLC BND

$11,888,741

0.35%

169,476

Meritas Wealth Management, LLC BND

$11,695,057

0.35%

166,715

Zeit Capital LLC BND

$11,597,969

0.35%

165,331

NewCorp Financial Services, Inc. BND

$11,269,878

0.34%

160,654

FIDELIS iM, LLC BND

$10,591,527

0.32%

150,984

Platt Investment Counsel, LLC BND

$10,392,792

0.31%

148,151

Discipline Wealth Solutions, LLC BND

$10,078,731

0.30%

143,674

Wiser Wealth Management, Inc BND

$10,055,090

0.30%

143,337

Harpswell Capital Advisors, LLC BND

$9,937,589

0.30%

141,662

Pioneer Wealth Management Group BND

$9,676,701

0.29%

137,943

Essex LLC BND

$9,505,114

0.28%

135,497

PHILLIPS FINANCIAL MANAGEMENT, LLC BND

$9,481,965

0.28%

135,167

BEACON INVESTMENT ADVISORY SERVICES, INC. BND

$9,443,522

0.28%

134,619

TD Waterhouse Canada Inc. BND

$9,184,388

0.27%

130,925

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TORONTO DOMINION BANK	130,925	$9,184,388	100.0%	Defined

Valeo Financial Advisors, LLC BND

$9,037,214

0.27%

128,827

TITLEIST ASSET MANAGEMENT, LLC BND

$8,778,921

0.26%

125,145

Archford Capital Strategies, LLC BND

$8,726,028

0.26%

124,391

Intelligent Financial Strategies BND

$8,647,881

0.26%

123,277

New Covenant Trust Company, N.A. BND

$8,088,715

0.24%

115,306

PRIVATE CLIENT SERVICES, LLC BND

$7,795,769

0.23%

111,130

COURIER CAPITAL LLC BND

$7,790,227

0.23%

111,051

First Heartland Consultants, Inc. BND

$7,673,638

0.23%

109,389

RTD Financial Advisors, Inc. BND

$7,586,932

0.23%

108,153

LifeGoal Investments, LLC BND

$7,540,984

0.22%

107,498

Manuka Financial, LLC BND

$7,510,679

0.22%

107,066

Farrell Financial LLC BND

$7,383,848

0.22%

105,258

LAUREL OAK WEALTH MANAGEMENT, LLC BND

$7,313,628

0.22%

104,257

Grove Bank & Trust BND

$7,238,427

0.22%

103,185

Matrix Trust Co BND

$7,085,851

0.21%

101,010

Graves Light Lenhart Wealth, Inc. BND

$7,077,363

0.21%

100,889

GoalFusion Wealth Management, LLC BND

$6,977,750

0.21%

99,469

Stonekeep Investments, LLC BND

$6,791,431

0.20%

96,813

Sarasin & Partners LLP BND

$6,623,983

0.20%

94,426

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Sarasin Asset Management Ltd	94,426	$6,623,983	100.0%	Defined

Horizons Wealth Management BND

$6,561,901

0.20%

93,541

Clarus Wealth Advisors BND

$6,522,967

0.19%

92,986

Womack Financial LLC BND

$6,496,661

0.19%

92,611

Tanager Wealth Management LLP BND

$6,464,462

0.19%

92,152

VERUS WEALTH MANAGEMENT, LLC BND

$6,415,217

0.19%

91,450

Showing the top 100 of 398 holders. Create a free account to see every holder, past quarters, search, filters and CSV export.