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VBIL

Vanguard 0-3 Month Treasury Bill ETF
VBIL

274 hedge funds and large institutions have $1.96B invested in Vanguard 0-3 Month Treasury Bill ETF in 2025 Q4 according to their latest regulatory filings, with 94 funds opening new positions, 106 increasing their positions, 54 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

370% more first-time investments, than exits

New positions opened: 94 | Existing positions closed: 20

96% more repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 54

50% more funds holding in top 10

Funds holding in top 10: 18 → 27 (+9)

37% more capital invested

Capital invested by funds: $1.44B → $1.96B (+$528M)

35% more funds holding

Funds holding: 203 → 274 (+71)

7.28% less ownership

Funds ownership: 54.12% → 46.85% (-7.3%)

Holders
274
Holders Change
+71
Holders Change %
+34.98%
% of All Funds
3.33%
Holding in Top 10
27
Holding in Top 10 Change
+9
Holding in Top 10 Change %
+50%
% of All Funds
0.33%
New
94
Increased
106
Reduced
54
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
NHC
Nicholas Hoffman & Company
Georgia
+$107M
2
SCM
SCS Capital Management
Massachusetts
+$102M
3
EAM
Evanson Asset Management
California
+$40.9M
4
Morgan Stanley
Morgan Stanley
New York
+$29.7M
5
AFG
Altiora Financial Group
Ohio
+$23.3M

Top Sellers

1
AAG
Armstrong Advisory Group
Massachusetts
-$46.5M
2
GC
Garde Capital
Washington
-$29.5M
3
OA
Oxbow Advisors
Texas
-$25.8M
4
FWM
Focused Wealth Management
New York
-$22.7M
5
TRCT
Tower Research Capital (TRC)
New York
-$20.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
GWM
176
GSB Wealth Management
Connecticut
$752K – – –
SDWIA
177
Schwarz Dygos Wheeler Investment Advisors
Minnesota
$749K +$749K +9,925 New
WKWM
178
Walter & Keenan Wealth Management
Indiana
$744K +$744K +9,857 New
ARA
179
Approach Retirement Advisors
Alabama
$742K +$742K +9,832 New
CL
180
Choreo LLC
Illinois
$721K +$52.3K +693 +8%
BWP
181
Burling Wealth Partners
Illinois
$705K -$656K -8,689 -48%
CAG
182
Carroll Advisory Group
Texas
$688K +$689K +9,127 New
CA
183
Clune & Associates
Illinois
$673K +$674K +8,923 New
CPW
184
Catalyst Private Wealth
California
$663K -$113K -1,503 -15%
FWM
185
Focused Wealth Management
New York
$642K -$22.7M -300,114 -97%
RIS
186
Retirement Income Solutions
Michigan
$629K – – –
GFM
187
GEN Financial Management
Minnesota
$616K +$617K +8,168 New
TC
188
TAGStone Capital
North Carolina
$607K +$200K +2,656 +49%
BI
189
Beckerman Institutional
New Jersey
$566K – – –
PNAA
190
Pictet North America Advisors
Switzerland
$566K +$271K +3,590 +92%
TCP
191
TMB Capital Partners
Arkansas
$535K +$536K +7,095 New
PAG
192
Private Advisor Group
New Jersey
$534K -$265K -3,513 -33%
PIFP
193
Partners in Financial Planning
Virginia
$534K +$266K +3,520 +99%
BCP
194
Blackhawk Capital Partners
Wisconsin
$515K – – –
MWM
195
Modern Wealth Management
Kansas
$513K -$4.46M -59,142 -90%
PPC
196
Pennington Partners & Co
Maryland
$510K +$510K +6,760 New
MCIA
197
Mountain Capital Investment Advisors
Colorado
$504K +$503K +6,662 New
PCI
198
Planning Center Inc
Illinois
$495K -$45.9K -608 -8%
KAS
199
Kestra Advisory Services
Texas
$493K +$493K +6,532 New
CFC
200
Coyle Financial Counsel
Illinois
$479K +$479K +6,349 New
6 7
8
9 10

VBIL Hedge Fund Activity: Q4 2025 in Review

274 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Vanguard 0-3 Month Treasury Bill ETF (VBIL) for Q4 2025, worth a combined $1.96B — up 37% from $1.44B a quarter earlier.

Buyers outnumbered sellers: 94 funds opened new VBIL positions and 20 closed out — a net gain of 74 holders — while 106 added to existing stakes and 54 trimmed.

The largest buyer was Nicholas Hoffman & Company, adding an estimated $107M. The largest seller was Armstrong Advisory Group, cutting an estimated $46.5M.

  • 274 institutional investors held Vanguard 0-3 Month Treasury Bill ETF (VBIL) as of Q4 2025, up from 203 in Q3 2025.
  • Funds reported $1.96B of Vanguard 0-3 Month Treasury Bill ETF stock for Q4 2025, up 37% quarter-over-quarter.
  • 94 funds opened new Vanguard 0-3 Month Treasury Bill ETF positions in Q4 2025 and 20 closed out, a net change of +74 holders.
  • The largest Vanguard 0-3 Month Treasury Bill ETF buyer in Q4 2025 was Nicholas Hoffman & Company, an estimated $107M added.
  • The largest Vanguard 0-3 Month Treasury Bill ETF seller in Q4 2025 was Armstrong Advisory Group, an estimated $46.5M sold.

Based on aggregated 13F filings for Q4 2025.