F/m US Treasury 3 Month Bill Fund
TBIL
287 hedge funds and large institutions have $2.59B invested in F/m US Treasury 3 Month Bill Fund in 2025 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 111 increasing their positions, 103 reducing their positions, and 27 closing their positions.
59% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 27
4% more funds holding
Funds holding: 277 → 287 (+10)
8% more repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 103
0% more funds holding in top 10
Funds holding in top 10: 21 → 21 (0)
4% less capital inflows, than outflows
Capital inflows: $320M | Capital outflows: $333M
1.39% less ownership
Funds ownership: 44.85% → 43.46% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Journey Strategic Wealth
Summit,
New Jersey
|
+$54.8M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$20.9M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$17M |
| 4 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$16M |
| 5 |
Scotia Capital
Toronto,
Ontario, Canada
|
+$15.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
-$101M |
| 2 |
MSAM
Moloney Securities Asset Management
Manchester,
Missouri
|
-$33.8M |
| 3 |
LPL Financial
San Diego,
California
|
-$20.6M |
| 4 |
FMI
F/M Investments
Washington,
District of Columbia
|
-$12.2M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$12M |
TBIL Hedge Fund Activity: Q3 2025 in Review
287 of the 7,647 institutional investors tracked by Wall St. Rank reported a position in F/m US Treasury 3 Month Bill Fund (TBIL) for Q3 2025, worth a combined $2.59B — down 0.82% from $2.61B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new TBIL positions and 27 closed out — a net gain of 16 holders — while 111 added to existing stakes and 103 trimmed.
The largest buyer was Journey Strategic Wealth, opening a new position worth an estimated $54.8M. The largest seller was Oxbow Advisors, cutting an estimated $101M.
- 287 institutional investors held F/m US Treasury 3 Month Bill Fund (TBIL) as of Q3 2025, up from 277 in Q2 2025.
- Funds reported $2.59B of F/m US Treasury 3 Month Bill Fund stock for Q3 2025, down 0.82% quarter-over-quarter.
- 43 funds opened new F/m US Treasury 3 Month Bill Fund positions in Q3 2025 and 27 closed out, a net change of +16 holders.
- The largest F/m US Treasury 3 Month Bill Fund buyer in Q3 2025 was Journey Strategic Wealth, an estimated $54.8M added.
- The largest F/m US Treasury 3 Month Bill Fund seller in Q3 2025 was Oxbow Advisors, an estimated $101M sold.
Based on aggregated 13F filings for Q3 2025.