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TBIL

F/m US Treasury 3 Month Bill Fund
TBIL

138 hedge funds and large institutions have $828M invested in F/m US Treasury 3 Month Bill Fund in 2023 Q3 according to their latest regulatory filings, with 58 funds opening new positions, 55 increasing their positions, 17 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

480% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 10

224% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 17

125% more funds holding in top 10

Funds holding in top 10: 4 → 9 (+5)

124% more capital invested

Capital invested by funds: $370M → $828M (+$457M)

53% more funds holding

Funds holding: 90 → 138 (+48)

6.15% more ownership

Funds ownership: 32.88% → 39.03% (+6.1%)

Holders
138
Holders Change
+48
Holders Change %
+53.33%
% of All Funds
2.19%
Holding in Top 10
9
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+125%
% of All Funds
0.14%
New
58
Increased
55
Reduced
17
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$137M
2
Morgan Stanley
Morgan Stanley
New York
+$52.8M
3
HighTower Advisors
HighTower Advisors
Illinois
+$23.7M
4
Stifel Financial
Stifel Financial
Missouri
+$18.9M
5
MML Investors Services
MML Investors Services
Massachusetts
+$13.8M

Top Sellers

Rank Fund Capital Flow
1
MFS
Madrona Financial Services
Washington
-$3.8M
2
SEA
Stegent Equity Advisors
Texas
-$3.56M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.59M
4
BCI
Brinker Capital Investments
Pennsylvania
-$1.15M
5
OPS
Orion Portfolio Solutions
Nebraska
-$1.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
IFG
26
Independent Financial Group
California
$6.55M +$2.38M +47,661 +57%
SC
27
Scotia Capital
Ontario, Canada
$6.43M +$3.77M +75,434 +142%
Cetera Investment Advisers
28
Cetera Investment Advisers
Illinois
$5.47M +$5.25M +105,035 +2,480%
SWP
29
Stratos Wealth Partners
Ohio
$5.39M +$5.38M +107,592 New
Citadel Advisors
30
Citadel Advisors
Florida
$5.3M +$4.31M +86,299 +444%
IA
31
Inspire Advisors
Idaho
$5.24M +$2.9M +58,047 +125%
KLC
32
Knowledge Leaders Capital
Colorado
$5.19M -$21.6K -432 -0.4%
FHC
33
First Heartland Consultants
Missouri
$5.01M +$5M +99,977 New
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$4.34M +$1.58M +31,532 +57%
KAS
35
Kestra Advisory Services
Texas
$4.1M +$2.19M +43,904 +116%
SEA
36
Stegent Equity Advisors
Texas
$3.85M -$3.56M -71,240 -48%
Truist Financial
37
Truist Financial
North Carolina
$3.81M +$1.27M +25,376 +50%
WA
38
Wealthstar Advisors
Texas
$3.65M +$3.65M +72,988 New
Northwestern Mutual Wealth Management
39
Northwestern Mutual Wealth Management
Wisconsin
$3.4M +$3.37M +67,401 +11,234%
ATPW
40
Ashton Thomas Private Wealth
Arizona
$3.25M +$3.25M +64,956 New
AAS
41
Ameritas Advisory Services
Nebraska
$3.13M +$3.12M +62,413 New
Mariner
42
Mariner
Kansas
$2.88M +$1.42M +28,475 +98%
DWM
43
Drive Wealth Management
Utah
$2.8M +$2.8M +56,000 New
EH
44
Equitable Holdings
New York
$2.67M +$1.58M +31,580 +146%
P
45
Pitcairn
Pennsylvania
$2.59M +$386K +7,722 +18%
HGERS
46
Householder Group Estate & Retirement Specialist
Arizona
$2.56M +$2.55M +51,033 New
WP
47
WealthSource Partners
California
$2.53M +$2.53M +50,624 New
ASFA
48
All Season Financial Advisors
Colorado
$2.49M +$2.48M +49,636 New
MWM
49
Meridian Wealth Management
Kentucky
$2.34M +$1.81M +36,296 +351%
DC
50
Davenport & Co
Virginia
$2.19M -$62.6K -1,252 -3%
1
2
3 4 5

TBIL Hedge Fund Activity: Q3 2023 in Review

138 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in F/m US Treasury 3 Month Bill Fund (TBIL) for Q3 2023, worth a combined $828M — up 124% from $370M a quarter earlier.

Buyers outnumbered sellers: 58 funds opened new TBIL positions and 10 closed out — a net gain of 48 holders — while 55 added to existing stakes and 17 trimmed.

The largest buyer was LPL Financial, adding an estimated $137M. The largest seller was Madrona Financial Services, exiting entirely with an estimated $3.8M sold.

  • 138 institutional investors held F/m US Treasury 3 Month Bill Fund (TBIL) as of Q3 2023, up from 90 in Q2 2023.
  • Funds reported $828M of F/m US Treasury 3 Month Bill Fund stock for Q3 2023, up 124% quarter-over-quarter.
  • 58 funds opened new F/m US Treasury 3 Month Bill Fund positions in Q3 2023 and 10 closed out, a net change of +48 holders.
  • The largest F/m US Treasury 3 Month Bill Fund buyer in Q3 2023 was LPL Financial, an estimated $137M added.
  • The largest F/m US Treasury 3 Month Bill Fund seller in Q3 2023 was Madrona Financial Services, an estimated $3.8M sold.

Based on aggregated 13F filings for Q3 2023.