F/m US Treasury 3 Month Bill Fund
TBIL
321 hedge funds and large institutions have $3.23B invested in F/m US Treasury 3 Month Bill Fund in 2026 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 118 increasing their positions, 124 reducing their positions, and 26 closing their positions.
77% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 26
24.88% more ownership
Funds ownership: 22.4% → 47.28% (+25%)
15% more capital invested
Capital invested by funds: $2.82B → $3.23B (+$413M)
5% more funds holding
Funds holding: 306 → 321 (+15)
5% less repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 124
14% less funds holding in top 10
Funds holding in top 10: 21 → 18 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$86.2M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$62.3M |
| 3 |
Morgan Stanley
New York
|
+$62.3M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$59.2M |
| 5 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$57.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$50.2M |
| 2 |
MML Investors Services
Springfield,
Massachusetts
|
-$31.7M |
| 3 |
Mariner
Overland Park,
Kansas
|
-$30.4M |
| 4 |
TIM
Total Investment Management
Scottsdale,
Arizona
|
-$30M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$22.6M |
TBIL Hedge Fund Activity: Q1 2026 in Review
321 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in F/m US Treasury 3 Month Bill Fund (TBIL) for Q1 2026, worth a combined $3.23B — up 15% from $2.82B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new TBIL positions and 26 closed out — a net gain of 20 holders — while 118 added to existing stakes and 124 trimmed.
The largest buyer was HighTower Advisors, adding an estimated $86.2M. The largest seller was Wealth Enhancement Advisory Services, cutting an estimated $50.2M.
- 321 institutional investors held F/m US Treasury 3 Month Bill Fund (TBIL) as of Q1 2026, up from 306 in Q4 2025.
- Funds reported $3.23B of F/m US Treasury 3 Month Bill Fund stock for Q1 2026, up 15% quarter-over-quarter.
- 46 funds opened new F/m US Treasury 3 Month Bill Fund positions in Q1 2026 and 26 closed out, a net change of +20 holders.
- The largest F/m US Treasury 3 Month Bill Fund buyer in Q1 2026 was HighTower Advisors, an estimated $86.2M added.
- The largest F/m US Treasury 3 Month Bill Fund seller in Q1 2026 was Wealth Enhancement Advisory Services, an estimated $50.2M sold.
Based on aggregated 13F filings for Q1 2026.