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TBIL

F/m US Treasury 3 Month Bill Fund

306 hedge funds and large institutions have $2.82B invested in F/m US Treasury 3 Month Bill Fund in 2025 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 131 increasing their positions, 95 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 23

38% more repeat investments, than reductions

Existing positions increased: 131 | Existing positions reduced: 95

9% more capital invested

Capital invested by funds: $2.59B → $2.82B (+$228M)

7% more funds holding

Funds holding: 286306 (+20)

0% more funds holding in top 10

Funds holding in top 10: 2121 (0)

21.05% less ownership

Funds ownership: 43.46%22.4% (-21%)

Holders
306
Holders Change
+20
Holders Change %
+6.99%
% of All Funds
3.72%
Holding in Top 10
21
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.26%
New
50
Increased
131
Reduced
95
Closed
23
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
LPL Financial
1
LPL Financial
California
$490M +$11.9M +238,360 +2%
Morgan Stanley
2
Morgan Stanley
New York
$490M +$51.7M +1,035,768 +12%
Raymond James Financial
3
Raymond James Financial
Florida
$119M +$7.69M +153,945 +7%
Stifel Financial
4
Stifel Financial
Missouri
$103M +$2.42M +48,435 +2%
Wells Fargo
5
Wells Fargo
California
$93.4M +$21.6M +433,029 +30%
Wealth Enhancement Advisory Services
6
Wealth Enhancement Advisory Services
Minnesota
$92.6M +$5.62M +112,590 +6%
OWP
7
Obermeyer Wealth Partners
Colorado
$66.3M +$9.33M +186,777 +16%
MML Investors Services
8
MML Investors Services
Massachusetts
$62.5M +$24.5M +491,167 +64%
JSW
9
Journey Strategic Wealth
New Jersey
$53.2M -$1.55M -31,020 -3%
Mariner
10
Mariner
Kansas
$52.5M +$27.8M +556,797 +112%
BEI
11
Benjamin Edwards Inc
Missouri
$52M +$4.34M +86,842 +9%
TIM
12
Total Investment Management
Arizona
$49.5M -$631K -12,642 -1%
Envestnet Asset Management
13
Envestnet Asset Management
Illinois
$45.6M +$2.4M +48,126 +6%
Commonwealth Equity Services
14
Commonwealth Equity Services
Massachusetts
$42.7M +$1.99M +39,899 +5%
FMI
15
F/M Investments
District of Columbia
$40M +$1.24M +24,857 +3%
PAG
16
Private Advisor Group
New Jersey
$40M +$5.42M +108,571 +16%
AQR Capital Management
17
AQR Capital Management
Connecticut
$37.6M +$35M +700,916 +1,301%
Mirae Asset Global Investments
18
Mirae Asset Global Investments
South Korea
$35.6M +$22.6M +453,000 +174%
UBS Group
19
UBS Group
Switzerland
$33.9M -$2.6M -52,137 -7%
Cambridge Investment Research Advisors
20
Cambridge Investment Research Advisors
Iowa
$25.2M +$124K +2,481 +0.5%
RWP
21
Revolve Wealth Partners
New Jersey
$24.2M -$1.26M -25,168 -5%
CTC
22
Central Trust Company
Missouri
$21.4M -$2.25M -45,034 -10%
Cetera Investment Advisers
23
Cetera Investment Advisers
Illinois
$20.4M +$540K +10,812 +3%
SC
24
Scotia Capital
Ontario, Canada
$19.4M -$6.58M -131,790 -25%
SPIA
25
Steward Partners Investment Advisory
New York
$16.7M +$1.72M +34,411 +11%