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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
MCC
76
Money Concepts Capital
Florida
$694K +$234K +4,680 +51%
SIG
77
Spinnaker Investment Group
California
$630K -$9K -180 -1%
SPC
78
Sigma Planning Corp
Michigan
$622K +$620K +12,413 New
AWM
79
Axxcess Wealth Management
California
$615K +$614K +12,280 New
EAM
80
Empirical Asset Management
Massachusetts
$586K -$500 -10 -0.1%
Royal Bank of Canada
81
Royal Bank of Canada
Ontario, Canada
$566K +$565K +11,301 New
AWS
82
Atria Wealth Solutions
New York
$534K +$533K +10,665 New
HWAM
83
Hennion & Walsh Asset Management
New Jersey
$507K +$506K +10,120 New
FGG
84
Financial Guidance Group
Florida
$501K +$500K +10,000 New
SFM
85
Signet Financial Management
New Jersey
$482K -$591K -11,832 -55%
CCM
86
Crew Capital Management
Ohio
$474K -$3K -60 -0.6%
SWM
87
Silverlake Wealth Management
Vermont
$473K +$472K +9,443 New
BFEC
88
Benjamin F. Edwards & Company
Missouri
$449K +$449K +8,975 New
JWCA
89
J.W. Cole Advisors
Florida
$448K +$46.8K +936 +12%
T
90
TRUADVICE
Florida
$433K +$433K +8,668 New
AWA
91
Arkadios Wealth Advisors
Georgia
$417K +$416K +8,321 New
WAP
92
Wealthcare Advisory Partners
Pennsylvania
$407K +$407K +8,137 New
NA
93
NewEdge Advisors
Louisiana
$391K +$390K +7,806 New
Comerica Bank
94
Comerica Bank
Texas
$359K +$359K +7,174 New
TA
95
Tactive Advisors
Florida
$350K – – –
Osaic Holdings
96
Osaic Holdings
Arizona
$324K +$227K +4,540 +236%
US Bancorp
97
US Bancorp
Minnesota
$316K +$11.9K +238 +4%
LFAS
98
Level Four Advisory Services
Texas
$303K +$302K +6,048 New
B
99
Bridgeworth
Alabama
$297K +$296K +5,930 New
SFG
100
Sovereign Financial Group
Connecticut
$293K +$293K +5,854 New
2 3
4
5 6

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.