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TBIL

F/m US Treasury 3 Month Bill Fund
TBIL

57 hedge funds and large institutions have $179M invested in F/m US Treasury 3 Month Bill Fund in 2023 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 13 increasing their positions, 9 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

417% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 6

120% more capital invested

Capital invested by funds: $81.1M → $179M (+$97.8M)

100% more funds holding in top 10

Funds holding in top 10: 3 → 6 (+3)

68% more funds holding

Funds holding: 34 → 57 (+23)

44% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 9

8.97% less ownership

Funds ownership: 40.48% → 31.51% (-9%)

Holders
57
Holders Change
+23
Holders Change %
+67.65%
% of All Funds
0.91%
Holding in Top 10
6
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+100%
% of All Funds
0.1%
New
31
Increased
13
Reduced
9
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SEA
Stegent Equity Advisors
Texas
+$20.3M
2
LPL Financial
LPL Financial
California
+$18.4M
3
Stifel Financial
Stifel Financial
Missouri
+$12.9M
4
HighTower Advisors
HighTower Advisors
Illinois
+$9.7M
5
Renaissance Technologies
Renaissance Technologies
New York
+$8.79M

Top Sellers

Rank Fund Capital Flow
1
W
Wealthquest
Ohio
-$7.01M
2
FTUS
Flow Traders U.S.
New York
-$2.35M
3
CP
Castleview Partners
Texas
-$1.72M
4
MF
Manchester Financial
California
-$1.19M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$706K
Name Holding Trade Value Shares
Change 		Change in
Stake
PWM
26
Perigon Wealth Management
California
$1.22M +$185K +3,695 +18%
KAS
27
Kestra Advisory Services
Texas
$1.11M +$1.11M +22,203 New
CF
28
Centaurus Financial
California
$1.01M +$1.01M +20,256 New
SWA
29
Stratos Wealth Advisors
Ohio
$1.01M +$1M +20,079 New
Jane Street
30
Jane Street
New York
$772K +$404K +8,079 +110%
VAG
31
VisionPoint Advisory Group
Texas
$725K +$726K +14,532 New
DCM
32
Donaldson Capital Management
Indiana
$705K +$703K +14,075 New
GIA
33
Gladstone Institutional Advisory
Florida
$643K +$641K +12,841 New
EAM
34
Empirical Asset Management
Massachusetts
$554K +$553K +11,068 New
CCM
35
Crew Capital Management
Ohio
$479K -$238K -4,771 -33%
MSA
36
Marino Stram & Associates
Massachusetts
$444K +$443K +8,861 New
TA
37
Tactive Advisors
Florida
$351K +$350K +7,000 New
DWM
38
Denver Wealth Management
Colorado
$346K +$345K +6,904 New
IFG
39
Independent Financial Group
California
$265K +$265K +5,300 New
PAG
40
Private Advisor Group
New Jersey
$258K +$258K +5,160 New
LJAC
41
L.J. Altfest & Co
New York
$256K +$255K +5,110 New
MWM
42
Meridian Wealth Management
Kentucky
$253K +$252K +5,050 New
PCM
43
Prelude Capital Management
New York
$250K – – –
OAM
44
Occidental Asset Management
California
$250K +$250K +5,000 New
JWCA
45
J.W. Cole Advisors
Florida
$210K -$92.4K -1,850 -31%
FTA
46
Financial & Tax Architects
Missouri
$201K – – –
FAM
47
Formidable Asset Management
Ohio
$200K +$200K +4,000 New
WP
48
WealthPLAN Partners
Nebraska
$170K +$170K +3,399 New
CP
49
Castleview Partners
Texas
$54.6K -$1.72M -34,442 -97%
AWM
50
Avior Wealth Management
Nebraska
$51K +$450 +9 +0.9%
1
2
3

TBIL Hedge Fund Activity: Q1 2023 in Review

57 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in F/m US Treasury 3 Month Bill Fund (TBIL) for Q1 2023, worth a combined $179M — up 120% from $81.1M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new TBIL positions and 6 closed out — a net gain of 25 holders — while 13 added to existing stakes and 9 trimmed.

The largest buyer was Stegent Equity Advisors, opening a new position worth an estimated $20.3M. The largest seller was Wealthquest, cutting an estimated $7.01M.

  • 57 institutional investors held F/m US Treasury 3 Month Bill Fund (TBIL) as of Q1 2023, up from 34 in Q4 2022.
  • Funds reported $179M of F/m US Treasury 3 Month Bill Fund stock for Q1 2023, up 120% quarter-over-quarter.
  • 31 funds opened new F/m US Treasury 3 Month Bill Fund positions in Q1 2023 and 6 closed out, a net change of +25 holders.
  • The largest F/m US Treasury 3 Month Bill Fund buyer in Q1 2023 was Stegent Equity Advisors, an estimated $20.3M added.
  • The largest F/m US Treasury 3 Month Bill Fund seller in Q1 2023 was Wealthquest, an estimated $7.01M sold.

Based on aggregated 13F filings for Q1 2023.