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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$171M |
| 2 |
LPL Financial
San Diego,
California
|
+$78.8M |
| 3 |
Renaissance Technologies
New York
|
+$30.2M |
| 4 |
RWP
Revolve Wealth Partners
Hackensack,
New Jersey
|
+$22.9M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$14.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$10.2M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$9.75M |
| 3 |
CFG
Compton Financial Group
Towson,
Maryland
|
-$9.15M |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$7.2M |
| 5 |
Jane Street
New York
|
-$5.6M |
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.