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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

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

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
OA
1
Oxbow Advisors
Texas
$157M +$157M +2,079,988 New
EAM
2
Evanson Asset Management
California
$103M +$23.4M +309,999 +29%
AAG
3
Armstrong Advisory Group
Massachusetts
$96.8M +$1.53M +20,203 +2%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$57.8M +$16.6M +219,569 +40%
Bank of America
5
Bank of America
North Carolina
$57.5M +$56.9M +754,438 +11,702%
BAG
6
Bridgewealth Advisory Group
California
$54.4M +$7.06M +93,555 +15%
BFA
7
Bragg Financial Advisors
North Carolina
$45.8M – – –
Truist Financial
8
Truist Financial
North Carolina
$39.7M +$31.4M +416,189 +382%
FLPIM
9
F.L. Putnam Investment Management
Massachusetts
$38.8M +$13.2M +174,249 +51%
GA
10
Greenhaven Associates
New York
$37.8M +$37.7M +500,000 New
UBS Group
11
UBS Group
Switzerland
$36.4M +$524K +6,941 +1%
CC
12
Cypress Capital
Tennessee
$32.4M +$9.6M +127,223 +42%
GC
13
Garde Capital
Washington
$29.5M +$6.7M +88,715 +29%
NHC
14
Nicholas Hoffman & Company
Georgia
$29.4M +$28.9M +382,387 +6,332%
TRCT
15
Tower Research Capital (TRC)
New York
$29.2M +$29.2M +386,776 New
PFA
16
Pathway Financial Advisors
Vermont
$26.4M +$5.82M +77,079 +28%
BEI
17
Benjamin Edwards Inc
Missouri
$24.6M -$1.04M -13,766 -4%
FWM
18
Focused Wealth Management
New York
$23.3M +$23.3M +308,620 New
HSBC Holdings
19
HSBC Holdings
United Kingdom
$18.2M +$6.39M +84,700 +54%
Corient Private Wealth
20
Corient Private Wealth
Florida
$17.8M +$18.2M +240,912 +4,792%
JSA
21
Jim Saulnier & Associates
Colorado
$16.6M +$11.4M +150,913 +222%
GP
22
Greenline Partners
New York
$16M +$13M +172,635 +446%
EWA
23
EverSource Wealth Advisors
Alabama
$15.7M +$5.22M +69,125 +50%
DIM
24
Delta Investment Management
California
$15.7M +$15.6M +207,219 New
Raymond James Financial
25
Raymond James Financial
Florida
$15M -$6.1M -80,872 -29%
1
2 3 4 5

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.