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.
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 (+$526M)
35% more funds holding
Funds holding: 203 → 274 (+71)
7.32% less ownership
Funds ownership: 54.12% → 46.81% (-7.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NHC
Nicholas Hoffman & Company
Atlanta,
Georgia
|
+$107M |
| 2 |
SCM
SCS Capital Management
Boston,
Massachusetts
|
+$102M |
| 3 |
EAM
Evanson Asset Management
Carmel,
California
|
+$40.9M |
| 4 |
Morgan Stanley
New York
|
+$29.7M |
| 5 |
AFG
Altiora Financial Group
Lebanon,
Ohio
|
+$23.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAG
Armstrong Advisory Group
Needham,
Massachusetts
|
-$46.5M |
| 2 |
GC
Garde Capital
Seattle,
Washington
|
-$29.5M |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
-$25.8M |
| 4 |
FWM
Focused Wealth Management
Newburgh,
New York
|
-$22.7M |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$20.9M |
VBIL Hedge Fund Activity: Q4 2025 in Review
274 of the 8,267 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.