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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
FC
51
Family CFO
California
$2.04M +$1.63M +21,570 +400%
WFP
52
Wrenne Financial Planning
Kentucky
$2.01M +$5.88K +78 +0.3%
CISOA
53
Capital Investment Services of America
Wisconsin
$1.89M +$1.88M +25,000 New
EI
54
eCIO Inc
Wisconsin
$1.79M +$1.78M +23,668 New
Cambridge Investment Research Advisors
55
Cambridge Investment Research Advisors
Iowa
$1.64M +$138K +1,836 +9%
KPWS
56
Kestra Private Wealth Services
Texas
$1.57M +$1.57M +20,795 New
PCM
57
Pennsylvania Capital Management
Pennsylvania
$1.5M +$1.5M +19,852 New
PA
58
PFW Advisors
Georgia
$1.49M -$312K -4,136 -17%
CCFM
59
Clear Creek Financial Management
Washington
$1.49M +$1.49M +19,700 New
PWM
60
Praetorian Wealth Management
California
$1.48M +$1.47M +19,558 New
SIC
61
SJS Investment Consulting
Ohio
$1.46M +$1.18M +15,603 +418%
CF
62
Centaurus Financial
California
$1.45M +$348K +4,618 +32%
IA
63
IFP Advisors
Florida
$1.39M +$669K +8,874 +93%
BNP Paribas Financial Markets
64
BNP Paribas Financial Markets
France
$1.31M +$1.31M +17,361 New
FPCP
65
Fort Point Capital Partners
California
$1.31M +$1.31M +17,319 New
CW
66
CreativeOne Wealth
Kansas
$1.19M +$1.19M +15,811 New
BEW
67
Burton Enright Welch
California
$1.18M +$1.18M +15,663 New
CTC
68
Central Trust Company
Missouri
$1.18M -$564K -7,478 -32%
Commonwealth Equity Services
69
Commonwealth Equity Services
Massachusetts
$1.16M +$267K +3,536 +30%
Osaic Holdings
70
Osaic Holdings
Arizona
$1.06M +$1.06M +14,037 New
JP Morgan Chase
71
JP Morgan Chase
New York
$1.02M +$1.02M +13,502 New
Creative Planning
72
Creative Planning
Kansas
$1M +$737K +9,777 +281%
MWA
73
Mills Wealth Advisors
Texas
$949K +$16.1K +213 +2%
FA
74
Fortis Advisors
Pennsylvania
$866K +$864K +11,463 New
BAM
75
Belpointe Asset Management
Nevada
$844K -$4.08M -54,111 -83%
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.