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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
GJIA
76
Glass Jacobson Investment Advisors
Maryland
$1.1M -$140K -2,802 -11%
SAW
77
Signal Advisors Wealth
Michigan
$995K +$997K +19,946 New
GAA
78
Global Assets Advisory
Florida
$967K -$103K -2,067 -10%
BWA
79
BlueChip Wealth Advisors
Georgia
$925K +$927K +18,552 New
CIA
80
Concurrent Investment Advisors
Florida
$912K +$914K +18,295 New
MCC
81
Money Concepts Capital
Florida
$911K +$220K +4,407 +32%
RJA
82
Raymond James & Associates
Florida
$885K +$645K +12,903 +267%
CWG
83
Crown Wealth Group
North Carolina
$864K +$865K +17,320 New
SIG
84
Spinnaker Investment Group
California
$863K +$236K +4,720 +38%
FTUS
85
Flow Traders U.S.
New York
$819K +$821K +16,433 New
GIA
86
Gladstone Institutional Advisory
Florida
$780K +$70.5K +1,412 +10%
ASFA
87
All Season Financial Advisors
Colorado
$762K -$1.72M -34,356 -69%
RJFSA
88
Raymond James Financial Services Advisors
Florida
$722K -$9.75M -195,186 -93%
PA
89
PFG Advisors
Arizona
$664K -$445K -8,897 -40%
SWM
90
Silverlake Wealth Management
Vermont
$637K +$167K +3,334 +35%
TCG
91
Transcendent Capital Group
Oklahoma
$625K +$627K +12,544 New
JWCA
92
J.W. Cole Advisors
Florida
$620K +$175K +3,494 +39%
EAM
93
Empirical Asset Management
Massachusetts
$553K -$30.8K -616 -5%
KWA
94
Kingswood Wealth Advisors
California
$511K +$277K +5,543 +118%
FGG
95
Financial Guidance Group
Florida
$499K – – –
CF
96
Centaurus Financial
California
$498K -$290K -5,802 -37%
CCM
97
Crew Capital Management
Ohio
$475K +$3.4K +68 +0.7%
NWM
98
Napa Wealth Management
California
$466K +$467K +9,346 New
NA
99
NewEdge Advisors
Louisiana
$450K +$61.3K +1,226 +16%
KDA
100
Kraft Davis & Associates
Missouri
$424K +$424K +8,477 New
2 3
4
5 6

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.