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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
CAS
151
Coppell Advisory Solutions
Texas
$6.93K +$6.95K +139 New
LF
152
Lee Financial
Texas
$4.99K – – –
DFA
153
DHJJ Financial Advisors
Illinois
$100 – – –
CFG
154
Compton Financial Group
Maryland
– -$9.15M -182,788 Closed
Citadel Advisors
155
Citadel Advisors
Florida
– -$5.3M -105,752 Closed
DWM
156
Drive Wealth Management
Utah
– -$2.8M -56,000 Closed
P
157
Pitcairn
Pennsylvania
– -$2.59M -51,755 Closed
AI
158
Atria Investments
North Carolina
– -$1.03M -20,495 Closed
SPC
159
Sigma Planning Corp
Michigan
– -$622K -12,413 Closed
AWM
160
Axxcess Wealth Management
California
– -$615K -12,280 Closed
HWAM
161
Hennion & Walsh Asset Management
New Jersey
– -$507K -10,120 Closed
AWA
162
Arkadios Wealth Advisors
Georgia
– -$417K -8,321 Closed
TA
163
Tactive Advisors
Florida
– -$350K -7,000 Closed
Osaic Holdings
164
Osaic Holdings
Arizona
– -$324K -6,463 Closed
LFAS
165
Level Four Advisory Services
Texas
– -$303K -6,048 Closed
WDC
166
Woodward Diversified Capital
California
– -$286K -5,710 Closed
Susquehanna International Group
167
Susquehanna International Group
Pennsylvania
– -$244K -4,880 Closed
YAL
168
Your Advocates Ltd
Texas
– -$162K -3,231 Closed
Carson Wealth (CWM LLC)
169
Carson Wealth (CWM LLC)
Nebraska
– -$117K -2,344 Closed
GRP
170
Global Retirement Partners
California
– -$59.9K -1,200 Closed
Simplex Trading
171
Simplex Trading
Illinois
– -$20K -400 Closed
IA
172
IFP Advisors
Florida
– -$851 -17 Closed
CMP
173
Coston McIsaac & Partners
Maine
– +$100 +2 +200%
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.