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VBIL

Vanguard 0-3 Month Treasury Bill ETF
VBIL

134 hedge funds and large institutions have $748M invested in Vanguard 0-3 Month Treasury Bill ETF in 2025 Q2 according to their latest regulatory filings, with 88 funds opening new positions, 34 increasing their positions, 10 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

4,300% more first-time investments, than exits

New positions opened: 88 | Existing positions closed: 2

740% more capital invested

Capital invested by funds: $89M → $748M (+$659M)

333% more funds holding in top 10

Funds holding in top 10: 3 → 13 (+10)

240% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 10

173% more funds holding

Funds holding: 49 → 134 (+85)

32.76% more ownership

Funds ownership: 17.49% → 50.24% (+33%)

Holders
134
Holders Change
+85
Holders Change %
+173.47%
% of All Funds
1.76%
Holding in Top 10
13
Holding in Top 10 Change
+10
Holding in Top 10 Change %
+333.33%
% of All Funds
0.17%
New
88
Increased
34
Reduced
10
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAG
Armstrong Advisory Group
Massachusetts
+$95M
2
EAM
Evanson Asset Management
California
+$79.3M
3
BAG
Bridgewealth Advisory Group
California
+$46.5M
4
BFA
Bragg Financial Advisors
North Carolina
+$45.7M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$37M

Top Sellers

Rank Fund Capital Flow
1
BAM
Belpointe Asset Management
Nevada
-$4.08M
2
RAG
RIA Advisory Group
Iowa
-$3.41M
3
CI
Ceera Investments
Texas
-$1.33M
4
GS
GTS Securities
New York
-$1.14M
5
ACM
Avalon Capital Management
California
-$1.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
NW
26
NewEdge Wealth
Pennsylvania
$5.8M +$5.8M +76,877 New
RFG
27
RFP Financial Group
Georgia
$5.54M +$4.16M +55,145 +304%
JSA
28
Jim Saulnier & Associates
Colorado
$5.14M +$1.23M +16,302 +31%
PS
29
Planned Solutions
California
$4.99M +$4.98M +66,110 New
UCFA
30
United Capital Financial Advisors
Texas
$4.34M +$2.21M +29,312 +104%
MWM
31
Maltin Wealth Management
New Jersey
$4.33M +$4.32M +57,283 New
SFS
32
Sowell Financial Services
Arkansas
$4.08M +$4.07M +53,969 New
BCM
33
Basso Capital Management
Connecticut
$3.78M +$3.77M +50,000 New
PWM
34
Perigon Wealth Management
California
$3.76M +$3.75M +49,782 New
RAS
35
RPS Advisory Solutions
Kentucky
$3.66M +$3.65M +48,393 New
G
36
GenTrust
Florida
$3.57M +$3.16M +41,945 +788%
RPCA
37
Running Point Capital Advisors
California
$3.57M -$898K -11,908 -20%
Wealth Enhancement Advisory Services
38
Wealth Enhancement Advisory Services
Minnesota
$3.47M +$3.47M +46,014 New
FCA
39
FLC Capital Advisors
California
$3.39M +$2.82M +37,347 +494%
HighTower Advisors
40
HighTower Advisors
Illinois
$3.24M +$2.57M +34,091 +387%
CIM
41
Cambria Investment Management
California
$2.93M +$2.18M +28,901 +290%
GP
42
Greenline Partners
New York
$2.92M +$2.92M +38,679 New
ACM
43
Avalon Capital Management
California
$2.85M -$1.05M -13,937 -27%
RF
44
Robinswood Financial
Washington
$2.7M +$2.4M +31,794 +818%
SPIA
45
Steward Partners Investment Advisory
New York
$2.66M +$2.65M +35,165 New
WCWM
46
Willow Creek Wealth Management
California
$2.53M +$510K +6,769 +25%
PA
47
Parallel Advisors
California
$2.47M +$2.47M +32,722 New
CA
48
CoreCap Advisors
Michigan
$2.4M – – –
TWP
49
TFO Wealth Partners
Ohio
$2.35M +$2.35M +31,106 New
CFS
50
CRA Financial Services
New Jersey
$2.31M +$2.3M +30,523 New
1
2
3 4 5

VBIL Hedge Fund Activity: Q2 2025 in Review

134 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Vanguard 0-3 Month Treasury Bill ETF (VBIL) for Q2 2025, worth a combined $748M — up 740% from $89M a quarter earlier.

Buyers outnumbered sellers: 88 funds opened new VBIL positions and 2 closed out — a net gain of 86 holders — while 34 added to existing stakes and 10 trimmed.

The largest buyer was Armstrong Advisory Group, opening a new position worth an estimated $95M. The largest seller was Belpointe Asset Management, cutting an estimated $4.08M.

  • 134 institutional investors held Vanguard 0-3 Month Treasury Bill ETF (VBIL) as of Q2 2025, up from 49 in Q1 2025.
  • Funds reported $748M of Vanguard 0-3 Month Treasury Bill ETF stock for Q2 2025, up 740% quarter-over-quarter.
  • 88 funds opened new Vanguard 0-3 Month Treasury Bill ETF positions in Q2 2025 and 2 closed out, a net change of +86 holders.
  • The largest Vanguard 0-3 Month Treasury Bill ETF buyer in Q2 2025 was Armstrong Advisory Group, an estimated $95M added.
  • The largest Vanguard 0-3 Month Treasury Bill ETF seller in Q2 2025 was Belpointe Asset Management, an estimated $4.08M sold.

Based on aggregated 13F filings for Q2 2025.