Marshfield Associates’s State Street SPDR Bloomberg 1-3 Month T-Bill ETF BIL Stock Holding History

Marshfield Associates’s Portfolio BIL Stock Details BIL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-139,663	Closed	-$12.8M	–	18
2025 Q2	$12.8M	Buy	139,663 +7,621	+6%	+$698K	0.26%	18
2025 Q1	$12.1M	Sell	132,042 -1,933	-1%	-$177K	0.26%	17
2024 Q4	$12.2M	Buy	133,975 +11,014	+9%	+$1.01M	0.27%	17
2024 Q3	$11.3M	Sell	122,961 -2,019	-2%	-$185K	0.24%	17
2024 Q2	$11.5M	Buy	124,980 +43,390	+53%	+$3.98M	0.25%	17
2024 Q1	$7.49M	Buy	81,590 +49,432	+154%	+$4.53M	0.15%	17
2023 Q4	$2.94M	Hold	32,158	–	–	0.06%	19
2023 Q3	$2.95M	Hold	32,158	–	–	0.07%	20
2023 Q2	$2.95M	Hold	32,158	–	–	0.08%	19
2023 Q1	$2.95M	Hold	32,158	–	–	0.09%	18
2022 Q4	$2.94M	Hold	32,158	–	–	0.09%	19
2022 Q3	$2.95M	Sell	32,158 -2,302	-7%	-$211K	0.11%	19
2022 Q2	$3.15M	Sell	34,460 -7,614	-18%	-$696K	0.12%	19
2022 Q1	$3.85M	Buy	42,074 +1,320	+3%	+$121K	0.15%	19
2021 Q4	$3.73M	Sell	40,754 -4,612	-10%	-$422K	0.15%	18
2021 Q3	$4.15M	Buy	45,366 +10,949	+32%	+$1M	0.18%	18
2021 Q2	$3.15M	Buy	34,417 +2,055	+6%	+$188K	0.13%	19
2021 Q1	$2.96M	Buy	32,362 +6,563	+25%	+$601K	0.14%	19
2020 Q4	$2.36M	Buy	25,799 +7,921	+44%	+$725K	0.11%	19
2020 Q3	$1.64M	Buy	17,878 +10,338	+137%	+$946K	0.08%	20
2020 Q2	$690K	Sell	7,540 -660	-8%	-$60.4K	0.04%	20
2020 Q1	$751K	Hold	8,200	–	–	0.05%	20
2019 Q4	$750K	Hold	8,200	–	–	0.04%	19
2019 Q3	$751K	Hold	8,200	–	–	0.05%	19
2019 Q2	$751K	Buy	+8,200	New	+$750K	0.05%	19

Other funds holding BIL

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Stifel Financial St. Louis, Missouri $109B AUM 21.36% 1-Year Est. Return

CWP

Capital Wealth Planning Naples, Florida $18.1B AUM 26.68% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $374B AUM 17.66% 1-Year Est. Return

AQR Capital Management Greenwich, Connecticut $218B AUM 29.41% 1-Year Est. Return

Marshfield Associates's BIL Position: Q3 2025 in Review

Marshfield Associates sold out of State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) in Q3 2025, closing a stake of 139,663 shares — an estimated $12.8M sold.

Marshfield Associates first reported a position in BIL in Q2 2019 and held it in 25 quarters. The position peaked at $12.8M in Q2 2025. 1,165 funds tracked by Wall St. Rank hold BIL as of Q3 2025.

Marshfield Associates reported no remaining State Street SPDR Bloomberg 1-3 Month T-Bill ETF position as of Q3 2025 after selling out during the quarter.
Marshfield Associates sold 139,663 State Street SPDR Bloomberg 1-3 Month T-Bill ETF shares in Q3 2025, an estimated $12.8M.
Marshfield Associates first reported a position in State Street SPDR Bloomberg 1-3 Month T-Bill ETF in Q2 2019 and held it in 25 quarters.
Marshfield Associates's State Street SPDR Bloomberg 1-3 Month T-Bill ETF position peaked at $12.8M in Q2 2025.
1,165 funds tracked by Wall St. Rank held State Street SPDR Bloomberg 1-3 Month T-Bill ETF as of Q3 2025.

Based on Marshfield Associates's 13F filing for Q3 2025, filed 14 Nov 2025.