F/m US Treasury 3 Month Bill Fund
TBIL
317 hedge funds and large institutions have $3.26B invested in F/m US Treasury 3 Month Bill Fund in 2026 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 122 increasing their positions, 121 reducing their positions, and 35 closing their positions.
11% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 35
1% more capital invested
Capital invested by funds: $3.23B → $3.26B (+$30M)
1% more repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 121
1% less funds holding
Funds holding: 321 → 317 (-4)
1.78% less ownership
Funds ownership: 47.28% → 45.5% (-1.8%)
28% less funds holding in top 10
Funds holding in top 10: 18 → 13 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$88.5M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$58.2M |
| 3 |
LPL Financial
San Diego,
California
|
+$17.5M |
| 4 |
Neuberger Berman Group
New York
|
+$14.2M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$12.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$57.1M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$44.6M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$34.8M |
| 4 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$25.6M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$12.9M |
TBIL Hedge Fund Activity: Q2 2026 in Review
317 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in F/m US Treasury 3 Month Bill Fund (TBIL) for Q2 2026, worth a combined $3.26B — up 0.93% from $3.23B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new TBIL positions and 35 closed out — a net gain of 4 holders — while 122 added to existing stakes and 121 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $88.5M. The largest seller was Independent Advisor Alliance, cutting an estimated $57.1M.
- 317 institutional investors held F/m US Treasury 3 Month Bill Fund (TBIL) as of Q2 2026, down from 321 in Q1 2026.
- Funds reported $3.26B of F/m US Treasury 3 Month Bill Fund stock for Q2 2026, up 0.93% quarter-over-quarter.
- 39 funds opened new F/m US Treasury 3 Month Bill Fund positions in Q2 2026 and 35 closed out, a net change of +4 holders.
- The largest F/m US Treasury 3 Month Bill Fund buyer in Q2 2026 was Morgan Stanley, an estimated $88.5M added.
- The largest F/m US Treasury 3 Month Bill Fund seller in Q2 2026 was Independent Advisor Alliance, an estimated $57.1M sold.
Based on aggregated 13F filings for Q2 2026.