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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
IWM
101
IHT Wealth Management
Illinois
$292K +$291K +5,826 New
WDC
102
Woodward Diversified Capital
California
$286K +$285K +5,710 New
MA
103
Mutual Advisors
Nebraska
$284K +$72.9K +1,459 +35%
ACM
104
Allred Capital Management
Texas
$276K +$275K +5,503 New
VVP
105
Venture Visionary Partners
Ohio
$270K +$270K +5,402 New
SFA
106
Semmax Financial Advisors
North Carolina
$259K +$259K +5,187 New
LJAC
107
L.J. Altfest & Co
New York
$256K – – –
OAM
108
Occidental Asset Management
California
$250K – – –
Susquehanna International Group
109
Susquehanna International Group
Pennsylvania
$244K -$1.59M -31,814 -87%
RJA
110
Raymond James & Associates
Florida
$242K +$242K +4,841 New
AP
111
Americana Partners
Texas
$239K +$238K +4,769 New
KWA
112
Kingswood Wealth Advisors
California
$235K +$235K +4,700 New
DP
113
Divergent Planning
Maryland
$228K +$228K +4,569 New
LA
114
Lindenwold Advisors
Pennsylvania
$208K – – –
UBS Group
115
UBS Group
Switzerland
$208K +$140K +2,794 +206%
MSA
116
Marino Stram & Associates
Massachusetts
$204K – – –
Cerity Partners
117
Cerity Partners
New York
$203K +$202K +4,047 New
National Bank of Canada
118
National Bank of Canada
Quebec, Canada
$184K +$185K +3,700 New
YAL
119
Your Advocates Ltd
Texas
$162K +$161K +3,231 New
HCA
120
Heck Capital Advisors
Wisconsin
$120K -$31.6K -633 -21%
Carson Wealth (CWM LLC)
121
Carson Wealth (CWM LLC)
Nebraska
$117K -$1.75K -35 -1%
AF
122
Allworth Financial
California
$82.6K +$50K +1,000 +154%
CP
123
Castleview Partners
Texas
$67K +$12.8K +256 +24%
HNB
124
Huntington National Bank
Ohio
$63.6K – – –
GRP
125
Global Retirement Partners
California
$59.9K +$60K +1,200 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.