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TBIL

F/m US Treasury 3 Month Bill Fund

286 hedge funds and large institutions have $2.59B invested in F/m US Treasury 3 Month Bill Fund in 2025 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 111 increasing their positions, 103 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

59% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 27

4% more funds holding

Funds holding: 276286 (+10)

8% more repeat investments, than reductions

Existing positions increased: 111 | Existing positions reduced: 103

0% more funds holding in top 10

Funds holding in top 10: 2121 (0)

1% less capital invested

Capital invested by funds: $2.61B → $2.59B (-$21.6M)

1.2% less ownership

Funds ownership: 44.66%43.46% (-1.2%)

Holders
286
Holders Change
+10
Holders Change %
+3.62%
% of All Funds
3.75%
Holding in Top 10
21
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.28%
New
43
Increased
111
Reduced
103
Closed
27
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Carson Wealth (CWM LLC)
276
Carson Wealth (CWM LLC)
Nebraska
$29K -$48.9K -979 -63%
NS
277
NBC Securities
Alabama
$25K
TFGT
278
TS Financial Group (TSFG)
Illinois
$22K
GA
279
Guerra Advisors
Florida
$20.6K +$20.5K +411 New
Fidelity Investments
280
Fidelity Investments
Massachusetts
$19.3K -$11.8K -237 -38%
NFSG
281
Newbridge Financial Services Group
Florida
$10K
LBC
282
Lowe Brockenbrough & Co
Virginia
$6.75K +$6.74K +135 New
S
283
SignatureFD
Georgia
$5.95K +$50 +1 +0.8%
MPWT
284
MassMutual Private Wealth & Trust
Connecticut
$3K
Bank of America
285
Bank of America
North Carolina
$1.1K +$1.1K +22 New
DFA
286
DHJJ Financial Advisors
Illinois
$108
RAG
287
RIA Advisory Group
Iowa
-$8.75M -175,044 Closed
Citadel Advisors
288
Citadel Advisors
Florida
-$8.03M -160,665 Closed
Baird Financial Group
289
Baird Financial Group
Wisconsin
-$4.4M -88,014 Closed
GS
290
GTS Securities
New York
-$3.08M -61,609 Closed
Jane Street
291
Jane Street
New York
-$1.91M -38,193 Closed
SEA
292
Stegent Equity Advisors
Texas
-$1.83M -36,526 Closed
FAIM
293
Financial Advocates Investment Management
Washington
-$1.65M -33,032 Closed
Millennium Management
294
Millennium Management
New York
-$1.61M -32,122 Closed
P
295
Pitcairn
Pennsylvania
-$1.27M -25,450 Closed
BWA
296
BlueChip Wealth Advisors
Georgia
-$1.1M -21,985 Closed
FIM
297
Freedom Investment Management
Connecticut
-$864K -17,281 Closed
AWM
298
Apollon Wealth Management
South Carolina
-$622K -12,437 Closed
OMC
299
Old Mission Capital
Illinois
-$565K -11,299 Closed
KP
300
Keel Point
Alabama
-$401K -8,012 Closed

TBIL Hedge Fund Activity: Q3 2025 in Review

286 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in F/m US Treasury 3 Month Bill Fund (TBIL) for Q3 2025, worth a combined $2.59B — down 0.82% from $2.61B a quarter earlier.

Buyers outnumbered sellers: 43 funds opened new TBIL positions and 27 closed out — a net gain of 16 holders — while 111 added to existing stakes and 103 trimmed.

The largest buyer was Journey Strategic Wealth, opening a new position worth an estimated $54.8M. The largest seller was Oxbow Advisors, cutting an estimated $101M.

  • 286 institutional investors held F/m US Treasury 3 Month Bill Fund (TBIL) as of Q3 2025, up from 276 in Q2 2025.
  • Funds reported $2.59B of F/m US Treasury 3 Month Bill Fund stock for Q3 2025, down 0.82% quarter-over-quarter.
  • 43 funds opened new F/m US Treasury 3 Month Bill Fund positions in Q3 2025 and 27 closed out, a net change of +16 holders.
  • The largest F/m US Treasury 3 Month Bill Fund buyer in Q3 2025 was Journey Strategic Wealth, an estimated $54.8M added.
  • The largest F/m US Treasury 3 Month Bill Fund seller in Q3 2025 was Oxbow Advisors, an estimated $101M sold.

Based on aggregated 13F filings for Q3 2025.