FBND
CROWD: AMBER
Institutional ownership is building here (9 rising quarters). Not yet crowded, but the quiet phase is ending.
Active holders
618
of 749 total, index funds excluded
Conviction
53 bps
median holder weight: modest
Streak
9q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2016Mar 2026
Holdings as of Mar 31, 2026, filed by May 16, 2026. Counts for the newest quarter keep settling for a few weeks as amendments land.
The tide
funds in (up) vs out (down)
Top holders
by reported value · $21.6B held
| Fund | Value | Note |
|---|
| NORTHWESTERN MUTUAL WEALTH … |
$4.4B |
|
| MORGAN STANLEY |
$1.6B |
|
| Gallagher Fiduciary Advisor… |
$732M |
|
| BANK OF AMERICA CORP /DE/ |
$671M |
|
| FMR LLC |
$661M |
|
| JPMORGAN CHASE & CO |
$602M |
|
| LPL Financial LLC |
$485M |
|
| Dynasty Wealth Management, … |
$466M |
|
| RAYMOND JAMES FINANCIAL INC |
$357M |
|
| ENVESTNET ASSET MANAGEMENT … |
$341M |
|
Tourists vs true believers
every holder a dot · right = bigger bet in their own book, up = patient money
Hover any dot for the fund and its bet size. Patience is measured from each filer's actual quarter-to-quarter turnover across our whole database.