Fidelity Total Bond

FBND • ARCA

Fidelity Total Bond is an exchange-traded fund on ARCA. As of Q3 2025, 646 institutional investors hold shares in this ETF, with total holdings valued at $17.4B. NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO is the largest holder with a position valued at $4.1B.

Overview

Overview of institutional ownership in FBND as of Q3 2025

All Institutions

Institutions: 646
Value Held: $17.4B
Shares Held: 383.3M
Avg Position: $26.9M
Median Position: $3.4M

Hedge Funds

Hedge Funds: 8
Value Held: $47.2M
Shares Held: 1.0M
Avg Position: $5.9M
Median Position: $522.3K

Biggest Investors

Institutions with the largest positions in FBND as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	-	$4.1B 2.76% of portfolio	89.5M shares	Q2 2021 Held for 4y 5m	$149.83B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.4B 0.08% of portfolio	29.9M shares	Q2 2016 Held for 9y 5m	$1.65T
FMR LLC Institution	-	$602.8M 0.03% of portfolio	13.0M shares	Q4 2022 Held for 2y 11m	$1.92T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$599.0M 0.04% of portfolio	13.0M shares	Q1 2016 Held for 9y 8m	$1.33T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$425.4M 0.03% of portfolio	9.2M shares	Q3 2015 Held for 10y 2m	$1.56T
L LPL Financial LLC Institution	-	$346.8M 0.10% of portfolio	7.5M shares	Q2 2017 Held for 8y 5m	$340.07B
Dynasty Wealth Management, LLC Fund of Funds	Shirl Thomas Penney CEO	$307.8M 4.12% of portfolio	6.7M shares	Q2 2024 Held for 1y 5m	$7.5B
C COUNTRY TRUST BANK Institution	-	$290.0M 6.35% of portfolio	6.3M shares	Q1 2020 Held for 5y 8m	$4.6B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$289.5M 0.08% of portfolio	6.3M shares	Q3 2018 Held for 7y 2m	$341.99B
UBS Group AG Institution	Sergio P. Ermotti CEO	$261.4M 0.05% of portfolio	5.7M shares	Q1 2016 Held for 9y 8m	$511.54B

Net Capital Flow

Institutional buying and selling activity for FBND in Q3 2025

Net Flow: +$1.0B
Buyers: 411
Sellers: 168
Total Bought: +$1.5B
Total Sold: −$482.9M
Avg Position: $27.8M

Biggest Buyers

Institution	Net Bought	Current Position
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	+$156.8M +3.4M shares	$4.1B 89.5M shares
L LPL Financial LLC Institution	+$87.8M +1.9M shares	$346.8M 7.5M shares
Cetera Investment Advisers RIA/Wealth	+$81.2M +1.8M shares	$188.0M 4.1M shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	+$37.8M +816.4K shares	$138.2M 3.0M shares
Dynasty Wealth Management, LLC Fund of Funds	+$36.4M +786.7K shares	$307.8M 6.7M shares
Modern Wealth Management, LLC RIA/Wealth	+$35.3M +764.1K shares	$100.4M 2.2M shares
SAX WEALTH ADVISORS, LLC RIA/Wealth	+$35.3M +762.7K shares	$157.6M 3.4M shares
MORGAN STANLEY RIA/Wealth	+$34.9M +754.5K shares	$1.4B 29.9M shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	+$34.8M +752.9K shares	$202.2M 4.4M shares
BANK OF AMERICA CORP /DE/ Institution	+$31.6M +683.9K shares	$599.0M 13.0M shares

Biggest Sellers

Institution	Net Sold	Current Position
Gallagher Fiduciary Advisors, LLC Pension/Endowment	−$90.9M −2.0M shares	$2.4M 52.4K shares
GOLDMAN SACHS GROUP INC Institution	−$62.1M −1.3M shares	$573.3K 12.4K shares
A Accredited Wealth Management, LLC RIA/Wealth	−$54.2M −115.5K shares	$6.6M 14.0K shares
Creative Planning RIA/Wealth	−$24.2M −524.0K shares	$53.7M 1.2M shares
Ameritas Advisory Services, LLC RIA/Wealth	−$24.1M −520.6K shares	$15.1M 326.6K shares
WNY Asset Management, LLC RIA/Wealth	−$21.8M −471.6K shares	$13.4M 290.5K shares
Duncan Williams Asset Management, LLC RIA/Wealth	−$15.5M −339.2K shares	Sold Off 0 shares
Vestmark Advisory Solutions, Inc. Fund of Funds	−$13.9M −301.1K shares	$25.7M 556.5K shares
Foundations Investment Advisors, LLC RIA/Wealth	−$13.7M −296.4K shares	$1.1M 24.7K shares
Kestra Investment Management, LLC Long Only Manager	−$13.1M −283.3K shares	$6.5M 140.2K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited FBND in Q3 2025

New Positions: 40
New Value: $126.1M
Exited Positions: 31
Exited Value: $43.7M

New Positions

Institution	Position Value
Presper Financial Architects, LLC RIA/Wealth	$26.6M 575.7K shares
Summit Financial, LLC RIA/Wealth	$18.3M 395.9K shares
T Tidemark, LLC RIA/Wealth	$15.7M 339.3K shares
Sonoma Allocations LLC RIA/Wealth	$13.6M 290.3K shares
FIRST COMMONWEALTH FINANCIAL CORP /PA/ Institution	$11.8M 255.7K shares
F Flavin Financial Services, Inc. RIA/Wealth	$7.2M 156.0K shares
Eaton Financial Holdings Company, LLC RIA/Wealth	$5.9M 127.6K shares
Ullmann Financial Group, Inc. Institution	$5.8M 124.6K shares
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC Insurance Manager	$5.0M 107.7K shares
F/M Investments LLC ETF Provider	$4.5M 98.3K shares

Exited Positions

Institution	Previous Position
Duncan Williams Asset Management, LLC RIA/Wealth	$15.5M 339.2K shares
E EXCHANGE TRADED CONCEPTS, LLC Institution	$8.7M 190.5K shares
Andrew Hill Investment Advisors, Inc. RIA/Wealth	$5.0M 110.4K shares
Tradewinds, LLC. RIA/Wealth	$5.0M 110.3K shares
Beta Wealth Group, Inc. RIA/Wealth	$2.9M 62.3K shares
Legacy Financial Advisors, Inc. RIA/Wealth	$1.6M 33.9K shares
E EWG Elevate Inc. Institution	$1.3M 28.5K shares
Apexium Financial, LP RIA/Wealth	$546.1K 11.9K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$519.8K 11.3K shares
L Lion Street Advisors, LLC RIA/Wealth	$429.8K 9.4K shares

Options Activity

Institutions with the largest Call and Put options positions in FBND as of Q3 2025

Call Positions: 2
Call Value: $2.4M
Put Positions: 1
Put Value: $462.4K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.4M 514.0 contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$462.4K 100.0 contracts

Most Committed Institutions

Institutions with FBND as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Sherrill & Hutchins Financial Advisory, Inc RIA/Wealth	Paul George Anthes President	29.47% $40.7M	879.8K shares	Q4 2023 Held for 1y 11m	$138.0M
HICKS CAPITAL MANAGEMENT LLC RIA/Wealth	Timothy D Hicks Managing Partner	17.25% $10.5M	226.3K shares	Q1 2025 Held for 8 months	$60.6M
BG Investment Services, Inc. RIA/Wealth	Donald Harvey Clark CCO	15.66% $15.9M	343.3K shares	Q4 2024 Held for 11 months	$101.4M
Presper Financial Architects, LLC RIA/Wealth	Thomas Michael Presper Managing Partner	15.44% $26.6M	575.7K shares	Q3 2025 Held for 2 months	$172.4M
SAR WEALTH MANAGEMENT GROUP, LLC RIA/Wealth	Adam Michael Mark President	14.19% $24.8M	537.2K shares	Q4 2023 Held for 1y 11m	$175.1M
POWER WEALTH MANAGEMENT LLC RIA/Wealth	Brett Andrew Power President	13.13% $36.1M	780.0K shares	Q4 2023 Held for 1y 11m	$274.6M
O OLIO Financial Planning RIA/Wealth	James Barber Twining CEO	12.51% $42.7M	922.4K shares	Q1 2022 Held for 3y 8m	$340.9M
Goodwin Investment Advisory RIA/Wealth	Timothy John Goodwin President	12.28% $11.5M	247.7K shares	Q4 2022 Held for 2y 11m	$93.3M
PRUDENT INVESTORS NETWORK RIA/Wealth	Jeremy Le Van Lau CEO	12.16% $49.6M	1.1M shares	Q1 2025 Held for 8 months	$408.3M
Navalign, LLC RIA/Wealth	David William Jacobs Member	11.46% $43.4M	939.1K shares	Q2 2022 Held for 3y 5m	$379.0M

Hedge Fund Spotlight

Discover hedge funds investing in FBND

Fermata Advisors, LLC

Hedge Fund • Sector

Portfolio ManagerNelson Moonhun Seo

Portfolio Value: $371.6M
Positions: 207
Last Reported: Q3 2025

Sector Allocation

Position in Fidelity Total Bond

Market Value: $297.3K
Shares Held: 6.4K
Portfolio Weight: 0.08%
Owned Since: 2023-Q3

Top Holding	Sector	Market Value	Weight
1 Apple AAPL	Consumer Electronics Technology	$13.6M	3.67%
2 JPMorgan Equity Premium Income JEPI	ETF ETF	$13.1M	3.53%
3 Dimensional International Core Equity Market DFAI	ETF ETF	$12.7M	3.43%