State Street SPDR Bloomberg 3-12 Month T-Bill ETF

BILS

Market cap $3.86B

BILS Hedge Fund Activity: Q3 2025 in Review

266 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) for Q3 2025, worth a combined $2.43B — down 0.54% from $2.44B a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of BILS and 19 opened new positions — a net loss of 15 holders — while 125 trimmed existing stakes and 102 added.

The largest buyer was LPL Financial, adding an estimated $35.2M. The largest seller was SoundView Advisors, exiting entirely with an estimated $27.3M sold.

• 266 institutional investors held State Street SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) as of Q3 2025, down from 288 in Q2 2025.
• Funds reported $2.43B of State Street SPDR Bloomberg 3-12 Month T-Bill ETF stock for Q3 2025, down 0.54% quarter-over-quarter.
• 19 funds opened new State Street SPDR Bloomberg 3-12 Month T-Bill ETF positions in Q3 2025 and 34 closed out, a net change of -15 holders.
• The largest State Street SPDR Bloomberg 3-12 Month T-Bill ETF buyer in Q3 2025 was LPL Financial, an estimated $35.2M added.
• The largest State Street SPDR Bloomberg 3-12 Month T-Bill ETF seller in Q3 2025 was SoundView Advisors, an estimated $27.3M sold.

Based on aggregated 13F filings for Q3 2025.