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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
Comerica Bank
101
Comerica Bank
Texas
$422K +$64.3K +1,286 +18%
SFG
102
Sovereign Financial Group
Connecticut
$417K +$126K +2,515 +43%
MF
103
Montis Financial
Massachusetts
$363K +$363K +7,271 New
ACM
104
Andina Capital Management
Utah
$335K +$335K +6,713 New
US Bancorp
105
US Bancorp
Minnesota
$332K +$16.7K +334 +5%
MSA
106
Marino Stram & Associates
Massachusetts
$331K +$128K +2,553 +63%
BCM
107
Brookstone Capital Management
Illinois
$314K -$445K -8,897 -59%
BCI
108
Brinker Capital Investments
Pennsylvania
$313K +$313K +6,273 New
OPS
109
Orion Portfolio Solutions
Nebraska
$313K +$313K +6,273 New
ACM
110
Allred Capital Management
Texas
$309K +$34.2K +684 +12%
B
111
Bridgeworth
Alabama
$296K – – –
DP
112
Divergent Planning
Maryland
$295K +$67.1K +1,343 +29%
Fidelity Investments
113
Fidelity Investments
Massachusetts
$288K +$288K +5,755 +23,020%
National Bank of Canada
114
National Bank of Canada
Quebec, Canada
$277K +$93K +1,861 +50%
AWS
115
Atria Wealth Solutions
New York
$272K -$260K -5,204 -49%
VVP
116
Venture Visionary Partners
Ohio
$269K – – –
LJAC
117
L.J. Altfest & Co
New York
$266K +$11.5K +230 +5%
PCIA
118
Prime Capital Investment Advisors
Kansas
$254K +$255K +5,100 New
Wells Fargo
119
Wells Fargo
California
$253K +$254K +5,081 +508,100%
OAM
120
Occidental Asset Management
California
$249K – – –
ACM
121
AlphaStar Capital Management
North Carolina
$249K +$250K +5,000 New
NL
122
NWAM LLC
Washington
$241K +$241K +4,827 New
CWM
123
Cornerstone Wealth Management
Missouri
$240K +$241K +4,823 New
HCA
124
Harbour Capital Advisors
Virginia
$235K +$236K +4,715 New
Wealth Enhancement Advisory Services
125
Wealth Enhancement Advisory Services
Minnesota
$230K +$231K +4,615 New
3 4
5
6 7

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.