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TBIL

F/m US Treasury 3 Month Bill Fund
TBIL

154 hedge funds and large institutions have $1.2B invested in F/m US Treasury 3 Month Bill Fund in 2023 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 75 increasing their positions, 34 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

121% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 34

95% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 19

45% more capital invested

Capital invested by funds: $828M → $1.2B (+$372M)

33% more funds holding in top 10

Funds holding in top 10: 9 → 12 (+3)

12% more funds holding

Funds holding: 138 → 154 (+16)

4.74% more ownership

Funds ownership: 39.03% → 43.77% (+4.7%)

Holders
154
Holders Change
+16
Holders Change %
+11.59%
% of All Funds
2.25%
Holding in Top 10
12
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+33.33%
% of All Funds
0.17%
New
37
Increased
75
Reduced
34
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$171M
2
LPL Financial
LPL Financial
California
+$78.8M
3
Renaissance Technologies
Renaissance Technologies
New York
+$30.2M
4
RWP
Revolve Wealth Partners
New Jersey
+$22.9M
5
Stifel Financial
Stifel Financial
Missouri
+$14.3M

Top Sellers

Rank Fund Capital Flow
1
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$10.2M
2
RJFSA
Raymond James Financial Services Advisors
Florida
-$9.75M
3
CFG
Compton Financial Group
Maryland
-$9.15M
4
BRWA
B. Riley Wealth Advisors
Florida
-$7.2M
5
Jane Street
Jane Street
New York
-$5.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
DWM
26
Denver Wealth Management
Colorado
$7.29M -$201K -4,023 -3%
IFG
27
Independent Financial Group
California
$7.03M +$502K +10,046 +8%
SC
28
Scotia Capital
Ontario, Canada
$6.39M -$12K -240 -0.2%
SSWM
29
Strait & Sound Wealth Management
California
$6.1M +$6.1M +122,075 New
FMI
30
F/M Investments
District of Columbia
$5.75M -$1.09M -21,896 -16%
KAS
31
Kestra Advisory Services
Texas
$5.49M +$1.41M +28,134 +34%
ARC
32
Advisor Resource Council
Texas
$5.15M +$5.16M +103,315 New
FHC
33
First Heartland Consultants
Missouri
$4.92M -$59.7K -1,194 -1%
KLC
34
Knowledge Leaders Capital
Colorado
$4.78M -$389K -7,778 -8%
WP
35
WealthSource Partners
California
$4.63M +$2.11M +42,162 +83%
SWP
36
Stratos Wealth Partners
Ohio
$4.37M -$998K -19,984 -19%
EH
37
Equitable Holdings
New York
$4.18M +$1.53M +30,618 +58%
AAS
38
Avantax Advisory Services
Texas
$4.02M +$2.9M +58,022 +256%
BCA
39
Bay Colony Advisors
Massachusetts
$3.94M +$2.64M +52,854 +202%
WA
40
Wealthstar Advisors
Texas
$3.78M +$141K +2,815 +4%
Northwestern Mutual Wealth Management
41
Northwestern Mutual Wealth Management
Wisconsin
$3.75M +$355K +7,110 +10%
Truist Financial
42
Truist Financial
North Carolina
$3.51M -$285K -5,709 -8%
AWM
43
AE Wealth Management
Kansas
$3.45M +$2.45M +49,038 +246%
FAM
44
Formidable Asset Management
Ohio
$3.36M +$2.14M +42,830 +175%
ATPW
45
Ashton Thomas Private Wealth
Arizona
$3.25M +$15.8K +316 +0.5%
Jane Street
46
Jane Street
New York
$3.18M -$5.6M -112,167 -64%
Koshinski Asset Management
47
Koshinski Asset Management
Illinois
$3.02M +$2.09M +41,916 +224%
Mariner
48
Mariner
Kansas
$2.89M +$18.8K +376 +0.7%
TCM
49
Tuttle Capital Management
Connecticut
$2.88M +$2.89M +57,800 New
HGERS
50
Householder Group Estate & Retirement Specialist
Arizona
$2.76M +$219K +4,385 +9%
1
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TBIL Hedge Fund Activity: Q4 2023 in Review

154 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in F/m US Treasury 3 Month Bill Fund (TBIL) for Q4 2023, worth a combined $1.2B — up 45% from $828M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new TBIL positions and 19 closed out — a net gain of 18 holders — while 75 added to existing stakes and 34 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $171M. The largest seller was Janney Montgomery Scott, cutting an estimated $10.2M.

  • 154 institutional investors held F/m US Treasury 3 Month Bill Fund (TBIL) as of Q4 2023, up from 138 in Q3 2023.
  • Funds reported $1.2B of F/m US Treasury 3 Month Bill Fund stock for Q4 2023, up 45% quarter-over-quarter.
  • 37 funds opened new F/m US Treasury 3 Month Bill Fund positions in Q4 2023 and 19 closed out, a net change of +18 holders.
  • The largest F/m US Treasury 3 Month Bill Fund buyer in Q4 2023 was Morgan Stanley, an estimated $171M added.
  • The largest F/m US Treasury 3 Month Bill Fund seller in Q4 2023 was Janney Montgomery Scott, an estimated $10.2M sold.

Based on aggregated 13F filings for Q4 2023.