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VBIL

Vanguard 0-3 Month Treasury Bill ETF
VBIL

203 hedge funds and large institutions have $1.44B invested in Vanguard 0-3 Month Treasury Bill ETF in 2025 Q3 according to their latest regulatory filings, with 84 funds opening new positions, 87 increasing their positions, 21 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

460% more first-time investments, than exits

New positions opened: 84 | Existing positions closed: 15

314% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 21

92% more capital invested

Capital invested by funds: $748M → $1.44B (+$689M)

51% more funds holding

Funds holding: 134 → 203 (+69)

38% more funds holding in top 10

Funds holding in top 10: 13 → 18 (+5)

3.88% more ownership

Funds ownership: 50.24% → 54.12% (+3.9%)

Holders
203
Holders Change
+69
Holders Change %
+51.49%
% of All Funds
2.66%
Holding in Top 10
18
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+38.46%
% of All Funds
0.24%
New
84
Increased
87
Reduced
21
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
OA
Oxbow Advisors
Texas
+$157M
2
Bank of America
Bank of America
North Carolina
+$56.9M
3
GA
Greenhaven Associates
New York
+$37.7M
4
Truist Financial
Truist Financial
North Carolina
+$31.4M
5
TRCT
Tower Research Capital (TRC)
New York
+$29.2M

Top Sellers

Rank Fund Capital Flow
1
SC
Sykon Capital
New York
-$11.1M
2
Citadel Advisors
Citadel Advisors
Florida
-$6.7M
3
Raymond James Financial
Raymond James Financial
Florida
-$6.1M
4
BCM
Basso Capital Management
Connecticut
-$3.78M
5
AC
Apella Capital
Connecticut
-$3.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCM
126
Triumph Capital Management
Colorado
$751K +$340K +4,507 +83%
DAS
127
Diversify Advisory Services
Utah
$747K +$359K +4,762 +93%
CP
128
Castleview Partners
Texas
$747K +$420K +5,570 +129%
IWP
129
Innova Wealth Partners
Pennsylvania
$723K +$1.21K +16 +0.2%
EL
130
Essex LLC
Illinois
$707K +$706K +9,349 New
CAMG
131
CWA Asset Management Group
Florida
$704K +$703K +9,313 New
CL
132
Choreo LLC
Illinois
$670K +$669K +8,864 New
BPAMU
133
BTG Pactual Asset Management US
New York
$649K +$648K +8,585 New
P
134
&Partners
Tennessee
$641K +$640K +8,480 New
RIS
135
Retirement Income Solutions
Michigan
$631K – – –
TIM
136
Tortoise Investment Management
New York
$631K +$559K +7,410 +797%
Comerica Bank
137
Comerica Bank
Texas
$614K +$143K +1,900 +31%
HIM
138
Harbour Investment Management
Washington
$581K +$580K +7,690 New
BI
139
Beckerman Institutional
New Jersey
$567K – – –
WAP
140
Wealthcare Advisory Partners
Pennsylvania
$551K +$550K +7,289 New
PCI
141
Planning Center Inc
Illinois
$542K +$21K +278 +4%
RGC
142
Roberts, Glore & Co
Illinois
$524K +$523K +6,925 New
BCP
143
Blackhawk Capital Partners
Wisconsin
$517K +$516K +6,832 New
TSW
144
Thompson Siegel & Walmsley
Virginia
$510K +$509K +6,749 New
Goldman Sachs
145
Goldman Sachs
New York
$498K +$497K +6,582 New
ACA
146
Affinity Capital Advisors
California
$494K +$16.2K +215 +3%
SG
147
StoneX Group
New York
$467K +$466K +6,174 New
NIWA
148
New Insight Wealth Advisors
California
$458K -$121K -1,606 -21%
FPAS
149
Focus Partners Advisor Solutions
Missouri
$450K +$225K +2,982 +100%
WEG
150
World Equity Group
Illinois
$450K +$449K +5,945 New
4 5
6
7 8

VBIL Hedge Fund Activity: Q3 2025 in Review

203 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Vanguard 0-3 Month Treasury Bill ETF (VBIL) for Q3 2025, worth a combined $1.44B — up 92% from $748M a quarter earlier.

Buyers outnumbered sellers: 84 funds opened new VBIL positions and 15 closed out — a net gain of 69 holders — while 87 added to existing stakes and 21 trimmed.

The largest buyer was Oxbow Advisors, opening a new position worth an estimated $157M. The largest seller was Sykon Capital, exiting entirely with an estimated $11.1M sold.

  • 203 institutional investors held Vanguard 0-3 Month Treasury Bill ETF (VBIL) as of Q3 2025, up from 134 in Q2 2025.
  • Funds reported $1.44B of Vanguard 0-3 Month Treasury Bill ETF stock for Q3 2025, up 92% quarter-over-quarter.
  • 84 funds opened new Vanguard 0-3 Month Treasury Bill ETF positions in Q3 2025 and 15 closed out, a net change of +69 holders.
  • The largest Vanguard 0-3 Month Treasury Bill ETF buyer in Q3 2025 was Oxbow Advisors, an estimated $157M added.
  • The largest Vanguard 0-3 Month Treasury Bill ETF seller in Q3 2025 was Sykon Capital, an estimated $11.1M sold.

Based on aggregated 13F filings for Q3 2025.