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TBIL

F/m US Treasury 3 Month Bill Fund
TBIL

57 hedge funds and large institutions have $179M invested in F/m US Treasury 3 Month Bill Fund in 2023 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 13 increasing their positions, 9 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

417% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 6

120% more capital invested

Capital invested by funds: $81.1M → $179M (+$97.8M)

100% more funds holding in top 10

Funds holding in top 10: 3 → 6 (+3)

68% more funds holding

Funds holding: 34 → 57 (+23)

44% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 9

8.97% less ownership

Funds ownership: 40.48% → 31.51% (-9%)

Holders
57
Holders Change
+23
Holders Change %
+67.65%
% of All Funds
0.91%
Holding in Top 10
6
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+100%
% of All Funds
0.1%
New
31
Increased
13
Reduced
9
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SEA
Stegent Equity Advisors
Texas
+$20.3M
2
LPL Financial
LPL Financial
California
+$18.4M
3
Stifel Financial
Stifel Financial
Missouri
+$12.9M
4
HighTower Advisors
HighTower Advisors
Illinois
+$9.7M
5
Renaissance Technologies
Renaissance Technologies
New York
+$8.79M

Top Sellers

Rank Fund Capital Flow
1
W
Wealthquest
Ohio
-$7.01M
2
FTUS
Flow Traders U.S.
New York
-$2.35M
3
CP
Castleview Partners
Texas
-$1.72M
4
MF
Manchester Financial
California
-$1.19M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$706K
Name Holding Trade Value Shares
Change 		Change in
Stake
GF
1
Gries Financial
Ohio
$21.3M +$7.61M +152,424 +56%
SEA
2
Stegent Equity Advisors
Texas
$20.3M +$20.3M +405,950 New
LPL Financial
3
LPL Financial
California
$19.4M +$18.4M +369,089 +2,060%
W
4
Wealthquest
Ohio
$15M -$7.01M -140,247 -32%
Stifel Financial
5
Stifel Financial
Missouri
$12.9M +$12.9M +257,256 New
Lido Advisors
6
Lido Advisors
California
$10.1M +$3.74M +74,912 +59%
HighTower Advisors
7
HighTower Advisors
Illinois
$9.75M +$9.7M +194,172 New
Renaissance Technologies
8
Renaissance Technologies
New York
$8.81M +$8.79M +175,900 New
MSAM
9
Moloney Securities Asset Management
Missouri
$6.57M -$249K -4,985 -4%
CA
10
Cetera Advisors
Colorado
$5.55M +$687K +13,754 +14%
KLC
11
Knowledge Leaders Capital
Colorado
$5.22M +$5.2M +104,180 New
MFS
12
Madrona Financial Services
Washington
$4.4M -$52K -1,042 -1%
ARS
13
Adirondack Retirement Specialists
New York
$3.76M +$3.76M +75,265 New
Janney Montgomery Scott
14
Janney Montgomery Scott
Pennsylvania
$2.83M +$2.82M +56,504 New
FMI
15
F/M Investments
District of Columbia
$2.77M +$824K +16,488 +42%
IA
16
Inspire Advisors
Idaho
$2.35M +$399K +7,988 +21%
DC
17
Davenport & Co
Virginia
$2.13M +$56.1K +1,123 +3%
BRWA
18
B. Riley Wealth Advisors
Florida
$2.01M +$2M +40,079 New
BFM
19
Boothbay Fund Management
New York
$1.88M +$1.87M +37,500 New
HW
20
Hamilton Wealth
California
$1.82M +$1.81M +36,261 New
Cambridge Investment Research Advisors
21
Cambridge Investment Research Advisors
Iowa
$1.75M +$816K +16,333 +88%
WI
22
WBI Investments
New Jersey
$1.74M +$1.73M +34,663 New
1IA
23
1834 Investment Advisors
Wisconsin
$1.61M +$999K +20,000 +164%
Envestnet Asset Management
24
Envestnet Asset Management
Illinois
$1.56M -$706K -14,138 -31%
MML Investors Services
25
MML Investors Services
Massachusetts
$1.45M +$844K +16,896 +141%
1
2 3

TBIL Hedge Fund Activity: Q1 2023 in Review

57 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in F/m US Treasury 3 Month Bill Fund (TBIL) for Q1 2023, worth a combined $179M — up 120% from $81.1M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new TBIL positions and 6 closed out — a net gain of 25 holders — while 13 added to existing stakes and 9 trimmed.

The largest buyer was Stegent Equity Advisors, opening a new position worth an estimated $20.3M. The largest seller was Wealthquest, cutting an estimated $7.01M.

  • 57 institutional investors held F/m US Treasury 3 Month Bill Fund (TBIL) as of Q1 2023, up from 34 in Q4 2022.
  • Funds reported $179M of F/m US Treasury 3 Month Bill Fund stock for Q1 2023, up 120% quarter-over-quarter.
  • 31 funds opened new F/m US Treasury 3 Month Bill Fund positions in Q1 2023 and 6 closed out, a net change of +25 holders.
  • The largest F/m US Treasury 3 Month Bill Fund buyer in Q1 2023 was Stegent Equity Advisors, an estimated $20.3M added.
  • The largest F/m US Treasury 3 Month Bill Fund seller in Q1 2023 was Wealthquest, an estimated $7.01M sold.

Based on aggregated 13F filings for Q1 2023.