State Street SPDR Bloomberg 3-12 Month T-Bill ETF
BILS
266 hedge funds and large institutions have $2.43B invested in State Street SPDR Bloomberg 3-12 Month T-Bill ETF in 2025 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 102 increasing their positions, 125 reducing their positions, and 34 closing their positions.
0.49% less ownership
Funds ownership: 63.24% → 62.75% (-0.49%)
1% less capital invested
Capital invested by funds: $2.44B → $2.43B (-$13.1M)
8% less funds holding
Funds holding: 288 → 266 (-22)
18% less funds holding in top 10
Funds holding in top 10: 28 → 23 (-5)
18% less repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 125
44% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$35.2M |
| 2 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$33.8M |
| 3 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$27.4M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$16.9M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$9.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SA
SoundView Advisors
Olympia,
Washington
|
-$27.3M |
| 2 |
PCIG
Partners Capital Investment Group
Boston,
Massachusetts
|
-$13.3M |
| 3 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
-$12.9M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$9.47M |
| 5 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
-$9.15M |
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.