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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
AAS
51
Avantax Advisory Services
Texas
$650K +$648K +12,966 New
SIG
52
Spinnaker Investment Group
California
$639K +$638K +12,764 New
EAM
53
Empirical Asset Management
Massachusetts
$587K +$32.6K +653 +6%
CF
54
Centaurus Financial
California
$522K -$491K -9,830 -49%
MWM
55
Meridian Wealth Management
Kentucky
$519K +$265K +5,305 +105%
FFA
56
Farther Finance Advisors
California
$501K +$500K +10,000 New
CCM
57
Crew Capital Management
Ohio
$477K -$2.1K -42 -0.4%
FAM
58
Formidable Asset Management
Ohio
$474K +$273K +5,470 +137%
MCC
59
Money Concepts Capital
Florida
$460K +$459K +9,184 New
JWCA
60
J.W. Cole Advisors
Florida
$401K +$191K +3,813 +91%
TA
61
Tactive Advisors
Florida
$351K – – –
SF
62
Synovus Financial
Georgia
$317K +$316K +6,330 New
US Bancorp
63
US Bancorp
Minnesota
$305K +$304K +6,080 New
AWM
64
AE Wealth Management
Kansas
$259K +$259K +5,172 New
LJAC
65
L.J. Altfest & Co
New York
$256K – – –
BJL
66
Brighton Jones LLC
Washington
$255K +$255K +5,092 New
OAM
67
Occidental Asset Management
California
$251K – – –
PCM
68
Prelude Capital Management
New York
$251K – – –
SWA
69
Stratos Wealth Advisors
Ohio
$214K -$790K -15,802 -79%
Cetera Investment Advisers
70
Cetera Investment Advisers
Illinois
$212K +$212K +4,236 New
MA
71
Mutual Advisors
Nebraska
$211K +$210K +4,207 New
LA
72
Lindenwold Advisors
Pennsylvania
$208K +$207K +4,149 New
MSA
73
Marino Stram & Associates
Massachusetts
$205K -$239K -4,777 -54%
WP
74
WealthPLAN Partners
Nebraska
$171K +$650 +13 +0.4%
HCA
75
Heck Capital Advisors
Wisconsin
$152K +$152K +3,032 New
1 2
3
4

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.