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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
362
Holders Change
-7
Holders Change %
-1.9%
% of All Funds
4.75%
Holding in Top 10
11
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+37.5%
% of All Funds
0.14%
New
77
Increased
102
Reduced
130
Closed
83
Calls
$654M
Puts
$210M
Net Calls
+$444M
Net Calls Change
+$269M

Top Buyers

1
SV
Starboard Value
New York
+$326M
2
UBS Group
UBS Group
Switzerland
+$147M
3
EIM
Elliott Investment Management
Florida
+$139M
4
PCM
PAR Capital Management
Massachusetts
+$89.4M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$78.6M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$354M
2
ACA
Abdiel Capital Advisors
New York
-$119M
3
Two Sigma Advisers
Two Sigma Advisers
New York
-$56.6M
4
Nomura Holdings
Nomura Holdings
Japan
-$53.6M
5
Federated Hermes
Federated Hermes
Pennsylvania
-$49.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$574M +$17.2M +371,265 +4%
BlackRock
2
BlackRock
New York
$454M -$13.9M -298,368 -3%
SV
3
Starboard Value
New York
$372M +$326M +7,024,848 New
UBS Group
4
UBS Group
Switzerland
$316M +$147M +3,175,352 +114%
Wellington Management Group
5
Wellington Management Group
Massachusetts
$182M +$78.2M +1,683,022 +96%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$177M -$2.87M -61,703 -2%
CAM
7
Contour Asset Management
New York
$172M +$12.8M +276,071 +9%
T. Rowe Price Associates
8
T. Rowe Price Associates
Maryland
$164M -$354M -7,617,404 -71%
GF
9
Greenhouse Funds
Maryland
$160M +$6.31M +135,832 +5%
EIM
10
Elliott Investment Management
Florida
$159M +$139M +3,000,000 New
State Street
11
State Street
Massachusetts
$152M -$5.53M -119,039 -4%
Ameriprise
12
Ameriprise
Minnesota
$135M +$14.7M +317,014 +14%
Citadel Advisors
13
Citadel Advisors
Florida
$133M +$76.1M +1,639,070 +188%
Marshall Wace
14
Marshall Wace
United Kingdom
$115M +$66M +1,421,785 +191%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$105M +$78.6M +1,692,264 +599%
PCM
16
PAR Capital Management
Massachusetts
$102M +$89.4M +1,925,000 New
Point72 Asset Management
17
Point72 Asset Management
Connecticut
$94.6M -$15.2M -326,605 -15%
Geode Capital Management
18
Geode Capital Management
Massachusetts
$86.2M +$4.64K +100 +0%
UBS AM
19
UBS AM
Illinois
$80.6M +$11.8M +253,310 +20%
Balyasny Asset Management
20
Balyasny Asset Management
Illinois
$79.5M +$69.7M +1,501,354 New
Bank of America
21
Bank of America
North Carolina
$78.9M +$23.3M +501,882 +51%
TCIM
22
TOMS Capital Investment Management
New York
$71.7M +$62.9M +1,354,248 New
Fidelity Investments
23
Fidelity Investments
Massachusetts
$55M +$304K +6,542 +0.6%
SM
24
Senvest Management
New York
$53.3M -$38.2M -821,814 -45%
LSCM
25
Light Street Capital Management
California
$51M +$15M +322,680 +50%
1
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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.