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TBIL

F/m US Treasury 3 Month Bill Fund
TBIL

90 hedge funds and large institutions have $370M invested in F/m US Treasury 3 Month Bill Fund in 2023 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 33 increasing their positions, 13 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,133% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 3

154% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 13

107% more capital invested

Capital invested by funds: $179M → $370M (+$191M)

58% more funds holding

Funds holding: 57 → 90 (+33)

1.37% more ownership

Funds ownership: 31.51% → 32.88% (+1.4%)

33% less funds holding in top 10

Funds holding in top 10: 6 → 4 (-2)

Holders
90
Holders Change
+33
Holders Change %
+57.89%
% of All Funds
1.41%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
37
Increased
33
Reduced
13
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$67.2M
2
Renaissance Technologies
Renaissance Technologies
New York
+$21.5M
3
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$13.8M
4
Lido Advisors
Lido Advisors
California
+$9.88M
5
ARS
Adirondack Retirement Specialists
New York
+$8.39M

Top Sellers

Rank Fund Capital Flow
1
SEA
Stegent Equity Advisors
Texas
-$12.9M
2
BFM
Boothbay Fund Management
New York
-$1.88M
3
FMI
F/M Investments
District of Columbia
-$1.09M
4
SWA
Stratos Wealth Advisors
Ohio
-$790K
5
HW
Hamilton Wealth
California
-$666K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$2.27M +$2.26M +45,218 New
DC
27
Davenport & Co
Virginia
$2.25M +$121K +2,427 +6%
P
28
Pitcairn
Pennsylvania
$2.21M +$2.2M +44,033 New
MF
29
Manchester Financial
California
$2.07M +$2.07M +41,372 New
IWC
30
Integrated Wealth Concepts
Massachusetts
$2.06M +$2.06M +41,214 New
KAS
31
Kestra Advisory Services
Texas
$1.9M +$788K +15,769 +71%
Susquehanna International Group
32
Susquehanna International Group
Pennsylvania
$1.84M +$1.83M +36,694 New
DWM
33
Denver Wealth Management
Colorado
$1.83M +$1.48M +29,676 +430%
WI
34
WBI Investments
New Jersey
$1.7M -$37.8K -756 -2%
FMI
35
F/M Investments
District of Columbia
$1.67M -$1.09M -21,863 -40%
1IA
36
1834 Investment Advisors
Wisconsin
$1.61M – – –
Mariner
37
Mariner
Kansas
$1.46M +$1.45M +29,075 New
PWM
38
Perigon Wealth Management
California
$1.42M +$195K +3,900 +16%
Jane Street
39
Jane Street
New York
$1.37M +$597K +11,942 +77%
GJIA
40
Glass Jacobson Investment Advisors
Maryland
$1.33M +$1.33M +26,540 New
BCI
41
Brinker Capital Investments
Pennsylvania
$1.15M +$1.15M +22,961 New
OPS
42
Orion Portfolio Solutions
Nebraska
$1.15M +$1.15M +22,961 New
HW
43
Hamilton Wealth
California
$1.15M -$666K -13,327 -37%
VAG
44
VisionPoint Advisory Group
Texas
$1.1M +$367K +7,337 +50%
EH
45
Equitable Holdings
New York
$1.09M +$1.08M +21,668 New
SFM
46
Signet Financial Management
New Jersey
$1.07M +$1.07M +21,450 New
AI
47
Atria Investments
North Carolina
$1.01M +$1.01M +20,241 New
Citadel Advisors
48
Citadel Advisors
Florida
$975K +$972K +19,453 New
DCM
49
Donaldson Capital Management
Indiana
$760K +$54.8K +1,096 +8%
GIA
50
Gladstone Institutional Advisory
Florida
$713K +$69.9K +1,399 +11%
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TBIL Hedge Fund Activity: Q2 2023 in Review

90 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in F/m US Treasury 3 Month Bill Fund (TBIL) for Q2 2023, worth a combined $370M — up 107% from $179M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new TBIL positions and 3 closed out — a net gain of 34 holders — while 33 added to existing stakes and 13 trimmed.

The largest buyer was LPL Financial, adding an estimated $67.2M. The largest seller was Stegent Equity Advisors, cutting an estimated $12.9M.

  • 90 institutional investors held F/m US Treasury 3 Month Bill Fund (TBIL) as of Q2 2023, up from 57 in Q1 2023.
  • Funds reported $370M of F/m US Treasury 3 Month Bill Fund stock for Q2 2023, up 107% quarter-over-quarter.
  • 37 funds opened new F/m US Treasury 3 Month Bill Fund positions in Q2 2023 and 3 closed out, a net change of +34 holders.
  • The largest F/m US Treasury 3 Month Bill Fund buyer in Q2 2023 was LPL Financial, an estimated $67.2M added.
  • The largest F/m US Treasury 3 Month Bill Fund seller in Q2 2023 was Stegent Equity Advisors, an estimated $12.9M sold.

Based on aggregated 13F filings for Q2 2023.