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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
Cerity Partners
126
Cerity Partners
New York
$225K +$23.2K +465 +11%
SFA
127
Semmax Financial Advisors
North Carolina
$217K -$42.4K -849 -16%
LA
128
Lindenwold Advisors
Pennsylvania
$207K – – –
HCA
129
Heck Capital Advisors
Wisconsin
$204K +$84.6K +1,693 +71%
AP
130
Americana Partners
Texas
$203K -$35K -700 -15%
WWM
131
Western Wealth Management
Colorado
$202K +$203K +4,059 New
PWM
132
Power Wealth Management
Georgia
$200K +$201K +4,020 New
UFF
133
USA Financial Formulas
Michigan
$190K +$190K +3,803 New
Bank of America
134
Bank of America
North Carolina
$186K +$179K +3,583 +2,437%
PTC
135
Private Trust Company
Ohio
$166K -$556K -11,122 -77%
WIM
136
Westside Investment Management
California
$144K +$93.9K +1,880 +188%
Royal Bank of Canada
137
Royal Bank of Canada
Ontario, Canada
$85K -$480K -9,602 -85%
CP
138
Castleview Partners
Texas
$70.2K +$3.45K +69 +5%
IGWM
139
ICA Group Wealth Management
Colorado
$60.8K +$61K +1,220 New
AWM
140
Avior Wealth Management
Nebraska
$52.8K +$699 +14 +1%
T
141
Tidemark
California
$37.9K +$38K +760 New
PA
142
PSI Advisors
Florida
$37.8K +$37.9K +758 New
AF
143
Allworth Financial
California
$32.4K -$50K -1,000 -61%
CPA
144
Clear Point Advisors
New York
$29K +$29K +581 New
PCM
145
Perritt Capital Management
Illinois
$25.6K +$649 +13 +3%
SPIA
146
Steward Partners Investment Advisory
New York
$17.5K +$17.5K +350 New
NFSG
147
Newbridge Financial Services Group
Florida
$9.97K – – –
ASN
148
Advisory Services Network
Georgia
$9.97K +$9.99K +200 New
C
149
Covestor
United Kingdom
$7K -$14.5K -290 -66%
PCM
150
Penserra Capital Management
California
$7K +$50 +1 +0.7%
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.