State Street SPDR Bloomberg 1-3 Month T-Bill ETF
1,245 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 200 funds opening new positions, 513 increasing their positions, 465 reducing their positions, and 105 closing their positions.
90% more first-time investments, than exits
New positions opened: 200 | Existing positions closed: 105
10% more repeat investments, than reductions
Existing positions increased: 513 | Existing positions reduced: 465
6% more funds holding
Funds holding: 1,170 → 1,245 (+75)
6% more funds holding in top 10
Funds holding in top 10: 178 → 188 (+10)
2% more capital invested
Capital invested by funds: $21.8B → $22.3B (+$493M)
0.42% more ownership
Funds ownership: 51.7% → 52.12% (+0.42%)
80% less call options, than puts
Call options by funds: $265K | Put options by funds: $1.33M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
3AM
3EDGE Asset Management
Naples,
Florida
|
+$114M |
| 2 |
GAM
Gotham Asset Management
New York
|
+$102M |
| 3 |
PGCM
Prescott Group Capital Management
Tulsa,
Oklahoma
|
+$95.1M |
| 4 |
IC
IEQ Capital
Foster City,
California
|
+$77.4M |
| 5 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$70.6M |
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
1,245 of the 8,284 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 2.3% from $21.8B a quarter earlier.
Buyers outnumbered sellers: 200 funds opened new BIL positions and 105 closed out — a net gain of 95 holders — while 513 added to existing stakes and 465 trimmed.
The largest buyer was 3EDGE Asset Management, adding an estimated $114M. The largest seller was Truist Financial, cutting an estimated $176M.
- 1,245 institutional investors held State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) as of Q4 2025, up from 1,170 in Q3 2025.
- Funds reported $22.3B of State Street SPDR Bloomberg 1-3 Month T-Bill ETF stock for Q4 2025, up 2.3% quarter-over-quarter.
- 200 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 +95 holders.
- The largest State Street SPDR Bloomberg 1-3 Month T-Bill ETF buyer in Q4 2025 was 3EDGE Asset Management, an estimated $114M 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.