State Street SPDR Bloomberg 3-12 Month T-Bill ETF
BILS
267 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, 103 increasing their positions, 125 reducing their positions, and 34 closing their positions.
1% more capital inflows, than outflows
Capital inflows: $244M | Capital outflows: $240M
0.9% less ownership
Funds ownership: 63.65% → 62.76% (-0.9%)
8% less funds holding
Funds holding: 289 → 267 (-22)
18% less repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 125
18% less funds holding in top 10
Funds holding in top 10: 28 → 23 (-5)
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
|
+$9.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SoundView Advisors
Olympia,
Washington
|
-$27.3M |
| 2 |
Partners Capital Investment Group
Boston,
Massachusetts
|
-$13.3M |
| 3 |
Financial Advocates Investment Management
Olympia,
Washington
|
-$12.9M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$9.47M |
| 5 |
Proficio Capital Partners
Newton,
Massachusetts
|
-$9.15M |
BILS Hedge Fund Activity: Q3 2025 in Review
267 of the 7,650 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 103 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.
- 267 institutional investors held State Street SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) as of Q3 2025, down from 289 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.