BNDW · VANGUARD TOTAL WORLD BOND ETF · Holdings ETF

$66.33 +0.02 (+0.03%)

Volume · Oct 21 35.4K Avg daily vol (3M) 119.41K

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: 23

Total Value: $40,523,311

Total Shares: 615,379

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 23 13F filers · Δ vs Jun 30, 2026

Top Holder

44.0%

−7.9 pts

Top 5

88.2%

+19.9 pts

Top 10

96.8%

+14.9 pts

HHI

2,665

Highly concentrated−151

Who Holds BNDW

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: 120 filers, like-for-like change +76.8%; actively managed books +21.9%; index-like books +203.7%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	32.9%	76	+26.1%	10	7
Exempt adviser	0.0%	1	+14.8%	0	0
Adviser	0.3%	1	-0.9%	0	0
Bank	5.7%	7	+9.5%	1	2
Broker-dealer	0.5%	1	-11.8%	0	0
Holding company	52.0%	3	+201.9%	0	2
Insurer	0.0%	0	—	0	0
Unknown	8.6%	31	+20.2%	8	4

Style	Share	Filers	Change	New	Exited
Index-like	51.9%	1	+203.7%	0	1
Systematic-like	0.2%	1	+23.2%	0	0
Concentrated	22.0%	51	+11.4%	7	2
Diversified active	25.9%	67	+32.3%	12	12
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	87.5%	90	+73.5%	11	11
Medium turnover	5.6%	16	+772.6%	5	3
High turnover	1.0%	4	+246.5%	2	1
Unknown	5.9%	10	+13.9%	1	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	6.5%	12	+26.0%	3	0
Medium horizon	7.7%	22	+5.5%	4	2
Long horizon	85.7%	85	+94.7%	12	13
Unknown	0.0%	1	-1.6%	0	0
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	18.3%	43	+9.4%	6	2
$1B to $10B	2.1%	37	+38.0%	9	4
$10B to $100B	12.8%	24	-1.4%	3	4
$100B or more	66.7%	16	+164.3%	1	5
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	25.0%	69	+6.9%	9	7
Pooled investment vehicles	0.2%	1	+23.2%	0	0
Registered funds and BDCs	5.0%	1	new	1	0
Pension and profit sharing plans	2.7%	2	+5.7%	0	0
Charitable organizations	0.0%	1	+84.4%	0	0
Diversified	0.0%	1	0.0%	0	0
Corporations	0.0%	0	—	0	0
Other	0.0%	0	—	0	0
Other investment advisers	0.0%	0	—	0	0
Unknown	67.1%	45	+120.4%	9	8

Private funds	Share	Filers	Change	New	Exited
Hedge funds	0.3%	2	+18.4%	0	0
Private equity funds	6.0%	4	+559.9%	1	0
Venture capital funds	0.0%	1	+7.4%	0	0
Real estate funds	0.0%	1	-34.0%	0	1
Other private funds	5.4%	5	+1.1%	0	1
No private funds	21.1%	62	+8.6%	9	5
Private funds, type not stated	0.2%	1	-2.0%	0	0
Mixed private funds	0.0%	0	—	0	0
Unknown	67.0%	44	+120.5%	9	8

Location	Share	Filers	Change	New	Exited
United States	98.5%	113	+76.8%	17	14
Outside the US	1.5%	7	+76.1%	2	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 2 holders with no observed 2026-03-31 13F and 2 holders with no observed 2026-06-30 13F.

Conviction and Crowding

120 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

29.2% of filers hold it in their top 10

Mar 31, 2026: 37

Holders above 5%

median weight 0.006%

Mar 31, 2026: 5

Crowding

—

no cover-page share count is dated within about a year of the quarter end

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

no cover-page share count is dated within about a year of the quarter end

Top 10 holders

82.0%

of 13F shares, Herfindahl 0.282

Active holders

+21.9%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 15.5 quarters

Under 1 year 16.1% 1 to 3 years 15.2% 3 years or more 68.7% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 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

$68.66

estimated per share

Mar 31, 2026: $69.19

Quarter-end price

$68.53

implied by 13F values

Estimated gain or loss

-0.2%

price against the estimated cost

Estimated at a loss

88.2%

of costed 13F value

Estimated cost covers 75.9% 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.

Quarterly Activity

vs Jun 30, 2026

New

Increased

Decreased

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: -98

Institutional value: -94.6%

Shares held: -94.4%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Small Stone Summit Wealth LLC	+14,972	143,098
Mid CFS Investment Advisory Services, LLC	+14,791	24,963
Small Two West Capital Advisors LLC	+3,433	270,984
Mid Blue Trust, Inc.	+2,052	2,252
Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	+677	6,415

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Small Alhambra Investment Management LLC	−51,227	35,834
Small Five Pine Wealth Management	−18,027	62,874
Mid Apella Capital, LLC	−3,158	6,572
Small Professional Financial Advisors, LLC	−1,084	30,066
Large Farther Finance Advisors, LLC	−142	2,379

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Small Braun-Bostich & Associates Inc.	6,712	$441,991
Small Abel Hall, LLC	3,278	$215,859
Large TD Waterhouse Canada Inc.	603	$39,708
Small Investment Research & Advisory Group, Inc.	8	$526

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Small ABLE Financial Group, LLC	7,300	$500,269
Micro Newport Capital Group, LLC	3,626	$248,489
Small Robinswood Financial LLC	137	$9,388
Mid AdvisorNet Financial, Inc	62	$4,248

Filter: New 4 Increased 7 Reduced 6 Sold out 4 Unchanged 6

Holder type: Registered adviser 12 Adviser 1 Unknown 10

Showing 23 of 23

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Two West Capital Advisors LLC

$17,844,567

44.04%

270,984

Stone Summit Wealth LLC

$9,423,146

23.25%

143,098

Five Pine Wealth Management

$4,140,315

10.22%

62,874

Alhambra Investment Management LLC

$2,359,704

5.82%

35,834

Professional Financial Advisors, LLC

$1,979,876

4.89%

30,066

CFS Investment Advisory Services, LLC

$1,643,838

4.06%

24,963

Clark Asset Management, LLC

$544,587

1.34%

8,270

Braun-Bostich & Associates Inc.

$441,991

1.09%

6,712

Apella Capital, LLC

$432,772

1.07%

6,572

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC

$422,434

1.04%

6,415

Wedmont Private Capital

$226,593

0.56%

3,441

Abel Hall, LLC

$215,859

0.53%

3,278

Luminvest Wealth Management LLC

$202,689

0.50%

3,078

S.A. Mason LLC

$176,678

0.44%

2,683

Farther Finance Advisors, LLC

$156,659

0.39%

2,379

Blue Trust, Inc.

$148,296

0.37%

2,252

BROWN, LISLE/CUMMINGS, INC.

$55,973

0.14%

850

CoreCap Advisors, LLC

$50,112

0.12%

761

TD Waterhouse Canada Inc.

$39,708

0.10%

603

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

Manager	Shares	Value (USD)	% of position	Discretion
TORONTO DOMINION BANK	603	$39,708	100.0%	Defined

IFP Advisors, Inc

$12,643

0.03%

192

3 FACTOR INDEXING, LLC

$4,214

0.01%

Investment Research & Advisory Group, Inc.

$526

0.00%

Kroeger Financial Partners

$131

0.00%