State Street SPDR Bloomberg 3-12 Month T-Bill ETF
BILS
289 hedge funds and large institutions have $2.44B invested in State Street SPDR Bloomberg 3-12 Month T-Bill ETF in 2025 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 120 increasing their positions, 106 reducing their positions, and 25 closing their positions.
60% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 25
13% more repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 106
4% more funds holding
Funds holding: 277 → 289 (+12)
4% more funds holding in top 10
Funds holding in top 10: 27 → 28 (+1)
9% more capital inflows, than outflows
Capital inflows: $367M | Capital outflows: $335M
2.41% less ownership
Funds ownership: 66.06% → 63.65% (-2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$40.4M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$27.4M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$17.3M |
| 4 |
Running Point Capital Advisors
El Segundo,
California
|
+$11.9M |
| 5 |
Cerity Partners
New York
|
+$10.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$95.4M |
| 2 |
Proficio Capital Partners
Newton,
Massachusetts
|
-$44.2M |
| 3 |
Partners Capital Investment Group
Boston,
Massachusetts
|
-$29.3M |
| 4 |
Ashton Thomas Private Wealth
Scottsdale,
Arizona
|
-$19.4M |
| 5 |
Armstrong Advisory Group
Needham,
Massachusetts
|
-$16.6M |
BILS Hedge Fund Activity: Q2 2025 in Review
289 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) for Q2 2025, worth a combined $2.44B — up 1.1% from $2.41B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new BILS positions and 25 closed out — a net gain of 15 holders — while 120 added to existing stakes and 106 trimmed.
The largest buyer was LPL Financial, adding an estimated $40.4M. The largest seller was Renaissance Technologies, exiting entirely with an estimated $95.4M sold.
- 289 institutional investors held State Street SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) as of Q2 2025, up from 277 in Q1 2025.
- Funds reported $2.44B of State Street SPDR Bloomberg 3-12 Month T-Bill ETF stock for Q2 2025, up 1.1% quarter-over-quarter.
- 40 funds opened new State Street SPDR Bloomberg 3-12 Month T-Bill ETF positions in Q2 2025 and 25 closed out, a net change of +15 holders.
- The largest State Street SPDR Bloomberg 3-12 Month T-Bill ETF buyer in Q2 2025 was LPL Financial, an estimated $40.4M added.
- The largest State Street SPDR Bloomberg 3-12 Month T-Bill ETF seller in Q2 2025 was Renaissance Technologies, an estimated $95.4M sold.
Based on aggregated 13F filings for Q2 2025.