State Street SPDR Bloomberg 1-3 Month T-Bill ETF
1,241 hedge funds and large institutions have $22.3B invested in State Street SPDR Bloomberg 1-3 Month T-Bill ETF in 2025 Q4 according to their latest regulatory filings, with 198 funds opening new positions, 513 increasing their positions, 464 reducing their positions, and 105 closing their positions.
89% more first-time investments, than exits
New positions opened: 198 | Existing positions closed: 105
11% more repeat investments, than reductions
Existing positions increased: 513 | Existing positions reduced: 464
6% more funds holding
Funds holding: 1,168 → 1,241 (+73)
6% more funds holding in top 10
Funds holding in top 10: 177 → 187 (+10)
1.35% more ownership
Funds ownership: 51.65% → 53% (+1.4%)
3% more capital invested
Capital invested by funds: $21.8B → $22.3B (+$545M)
80% less call options, than puts
Call options by funds: $265K | Put options by funds: $1.33M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Corient Private Wealth
Miami,
Florida
|
+$387M |
| 2 |
3AM
3EDGE Asset Management
Naples,
Florida
|
+$114M |
| 3 |
GAM
Gotham Asset Management
New York
|
+$102M |
| 4 |
PGCM
Prescott Group Capital Management
Tulsa,
Oklahoma
|
+$95.1M |
| 5 |
IC
IEQ Capital
Foster City,
California
|
+$77.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truist Financial
Charlotte,
North Carolina
|
-$176M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$137M |
| 3 |
SAM
Synergy Asset Management
Vancouver,
Washington
|
-$119M |
| 4 |
Morgan Stanley
New York
|
-$90.7M |
| 5 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
-$76M |
BIL Hedge Fund Activity: Q4 2025 in Review
1,241 of the 8,261 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) for Q4 2025, worth a combined $22.3B — up 2.5% from $21.8B a quarter earlier.
Buyers outnumbered sellers: 198 funds opened new BIL positions and 105 closed out — a net gain of 93 holders — while 513 added to existing stakes and 464 trimmed.
The largest buyer was Corient Private Wealth, adding an estimated $387M. The largest seller was Truist Financial, cutting an estimated $176M.
- 1,241 institutional investors held State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) as of Q4 2025, up from 1,168 in Q3 2025.
- Funds reported $22.3B of State Street SPDR Bloomberg 1-3 Month T-Bill ETF stock for Q4 2025, up 2.5% quarter-over-quarter.
- 198 funds opened new State Street SPDR Bloomberg 1-3 Month T-Bill ETF positions in Q4 2025 and 105 closed out, a net change of +93 holders.
- The largest State Street SPDR Bloomberg 1-3 Month T-Bill ETF buyer in Q4 2025 was Corient Private Wealth, an estimated $387M added.
- The largest State Street SPDR Bloomberg 1-3 Month T-Bill ETF seller in Q4 2025 was Truist Financial, an estimated $176M sold.
Based on aggregated 13F filings for Q4 2025.