State Street SPDR Bloomberg 1-3 Month T-Bill ETF
1,170 hedge funds and large institutions have $21.8B invested in State Street SPDR Bloomberg 1-3 Month T-Bill ETF in 2025 Q3 according to their latest regulatory filings, with 125 funds opening new positions, 487 increasing their positions, 488 reducing their positions, and 108 closing their positions.
16% more first-time investments, than exits
New positions opened: 125 | Existing positions closed: 108
0% less repeat investments, than reductions
Existing positions increased: 487 | Existing positions reduced: 488
1% less funds holding
Funds holding: 1,178 → 1,170 (-8)
0.69% less ownership
Funds ownership: 52.39% → 51.7% (-0.69%)
3% less capital invested
Capital invested by funds: $22.4B → $21.8B (-$651M)
10% less funds holding in top 10
Funds holding in top 10: 197 → 178 (-19)
53% less call options, than puts
Call options by funds: $2.14M | Put options by funds: $4.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$210M |
| 2 |
Morgan Stanley
New York
|
+$188M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$118M |
| 4 |
SAM
Synergy Asset Management
Vancouver,
Washington
|
+$114M |
| 5 |
IC
IEQ Capital
Foster City,
California
|
+$106M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$180M |
| 2 |
AssetMark Inc
Concord,
California
|
-$164M |
| 3 |
AM
AGF Management
Toronto,
Ontario, Canada
|
-$134M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$125M |
| 5 |
3AM
3EDGE Asset Management
Naples,
Florida
|
-$122M |
BIL Hedge Fund Activity: Q3 2025 in Review
1,170 of the 7,646 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) for Q3 2025, worth a combined $21.8B — down 2.9% from $22.4B a quarter earlier.
Buyers outnumbered sellers: 125 funds opened new BIL positions and 108 closed out — a net gain of 17 holders — while 487 added to existing stakes and 488 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $210M. The largest seller was CAPTRUST Financial Advisors, cutting an estimated $180M.
- 1,170 institutional investors held State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) as of Q3 2025, down from 1,178 in Q2 2025.
- Funds reported $21.8B of State Street SPDR Bloomberg 1-3 Month T-Bill ETF stock for Q3 2025, down 2.9% quarter-over-quarter.
- 125 funds opened new State Street SPDR Bloomberg 1-3 Month T-Bill ETF positions in Q3 2025 and 108 closed out, a net change of +17 holders.
- The largest State Street SPDR Bloomberg 1-3 Month T-Bill ETF buyer in Q3 2025 was AQR Capital Management, an estimated $210M added.
- The largest State Street SPDR Bloomberg 1-3 Month T-Bill ETF seller in Q3 2025 was CAPTRUST Financial Advisors, an estimated $180M sold.
Based on aggregated 13F filings for Q3 2025.