F/m US Treasury 3 Month Bill Fund
TBIL
276 hedge funds and large institutions have $2.61B invested in F/m US Treasury 3 Month Bill Fund in 2025 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 114 increasing their positions, 98 reducing their positions, and 31 closing their positions.
39% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 31
16% more repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 98
6% more capital invested
Capital invested by funds: $2.45B → $2.61B (+$158M)
5% more funds holding in top 10
Funds holding in top 10: 20 → 21 (+1)
4% more funds holding
Funds holding: 266 → 276 (+10)
1.48% less ownership
Funds ownership: 46.13% → 44.66% (-1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$91.7M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$53.4M |
| 3 |
TIM
Total Investment Management
Scottsdale,
Arizona
|
+$51.1M |
| 4 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$17.1M |
| 5 |
FMI
F/M Investments
Washington,
District of Columbia
|
+$12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$115M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
-$25.8M |
| 3 |
ARC
Advisor Resource Council
Dallas,
Texas
|
-$10.9M |
| 4 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$9.66M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$8.17M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WF
301
Wayfinding Financial
Lynnwood,
Washington
| – | -$93K | -1,873 | Closed |
|
|
PA
302
PSI Advisors
Tampa,
Florida
| – | -$78.7K | -1,574 | Closed |
|
|
IWM
303
Inlight Wealth Management
Atlanta,
Georgia
| – | -$28.6K | -572 | Closed |
|
|
OWP
304
ORG Wealth Partners
Dallas,
Texas
| – | -$8.34K | -167 | Closed |
|
|
SIM
305
Synergy Investment Management
Altamonte Springs,
Florida
| – | -$5.23K | -104 | Closed |
|
|
SIC
306
SJS Investment Consulting
Sylvania,
Ohio
| – | -$3.2K | -64 | Closed |
|
307
Simplex Trading
Chicago,
Illinois
| – | +$100 | +2 | New |
|
TBIL Hedge Fund Activity: Q2 2025 in Review
276 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in F/m US Treasury 3 Month Bill Fund (TBIL) for Q2 2025, worth a combined $2.61B — up 6.5% from $2.45B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new TBIL positions and 31 closed out — a net gain of 12 holders — while 114 added to existing stakes and 98 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $91.7M. The largest seller was Renaissance Technologies, exiting entirely with an estimated $115M sold.
- 276 institutional investors held F/m US Treasury 3 Month Bill Fund (TBIL) as of Q2 2025, up from 266 in Q1 2025.
- Funds reported $2.61B of F/m US Treasury 3 Month Bill Fund stock for Q2 2025, up 6.5% quarter-over-quarter.
- 43 funds opened new F/m US Treasury 3 Month Bill Fund positions in Q2 2025 and 31 closed out, a net change of +12 holders.
- The largest F/m US Treasury 3 Month Bill Fund buyer in Q2 2025 was Morgan Stanley, an estimated $91.7M added.
- The largest F/m US Treasury 3 Month Bill Fund seller in Q2 2025 was Renaissance Technologies, an estimated $115M sold.
Based on aggregated 13F filings for Q2 2025.