BILL Holdings
BILL
362 hedge funds and large institutions have $5.43B invested in BILL Holdings in 2025 Q3 according to their latest regulatory filings, with 77 funds opening new positions, 102 increasing their positions, 130 reducing their positions, and 83 closing their positions.
212% more call options, than puts
Call options by funds: $654M | Put options by funds: $210M
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
22% more capital invested
Capital invested by funds: $4.47B → $5.43B (+$963M)
7.24% more ownership
Funds ownership: 93.62% → 100.86% (+7.2%)
7% less first-time investments, than exits
New positions opened: 77 | Existing positions closed: 83
2% less funds holding
Funds holding: 369 → 362 (-7)
22% less repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 130
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Starboard Value
New York
|
+$326M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$147M |
| 3 |
EIM
Elliott Investment Management
West Palm Beach,
Florida
|
+$139M |
| 4 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$89.4M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$78.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$354M |
| 2 |
ACA
Abdiel Capital Advisors
New York
|
-$119M |
| 3 |
Two Sigma Advisers
New York
|
-$56.6M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
-$53.6M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$49.7M |
BILL Hedge Fund Activity: Q3 2025 in Review
362 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in BILL Holdings (BILL) for Q3 2025, worth a combined $5.43B — up 22% from $4.47B a quarter earlier.
Sellers outnumbered buyers: 83 funds closed out of BILL and 77 opened new positions — a net loss of 6 holders — while 130 trimmed existing stakes and 102 added.
The largest buyer was Starboard Value, opening a new position worth an estimated $326M. The largest seller was T. Rowe Price Associates, cutting an estimated $354M.
- 362 institutional investors held BILL Holdings (BILL) as of Q3 2025, down from 369 in Q2 2025.
- Funds reported $5.43B of BILL Holdings stock for Q3 2025, up 22% quarter-over-quarter.
- 77 funds opened new BILL Holdings positions in Q3 2025 and 83 closed out, a net change of -6 holders.
- The largest BILL Holdings buyer in Q3 2025 was Starboard Value, an estimated $326M added.
- The largest BILL Holdings seller in Q3 2025 was T. Rowe Price Associates, an estimated $354M sold.
Based on aggregated 13F filings for Q3 2025.