US Treasury 6 Month Bill ETF
XBIL
88 hedge funds and large institutions have $451M invested in US Treasury 6 Month Bill ETF in 2025 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 41 increasing their positions, 26 reducing their positions, and 8 closing their positions.
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
58% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 26
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
9% more capital invested
Capital invested by funds: $413M → $451M (+$38.5M)
5% more funds holding
Funds holding: 84 → 88 (+4)
0.99% less ownership
Funds ownership: 57.97% → 56.98% (-0.99%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$16.7M |
| 2 |
MAM
Milestone Asset Management
Pittsburgh,
Pennsylvania
|
+$9.23M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$7.66M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$6.85M |
| 5 |
FMI
F/M Investments
Washington,
District of Columbia
|
+$4.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$9.05M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.29M |
| 3 |
ABWM
Alpine Bank Wealth Management
Grand Junction,
Colorado
|
-$3.36M |
| 4 |
AFAS
Acorn Financial Advisory Services
Reston,
Virginia
|
-$3M |
| 5 |
ARC
Advisor Resource Council
Dallas,
Texas
|
-$2.54M |
XBIL Hedge Fund Activity: Q2 2025 in Review
88 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in US Treasury 6 Month Bill ETF (XBIL) for Q2 2025, worth a combined $451M — up 9.3% from $413M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new XBIL positions and 8 closed out — a net gain of 5 holders — while 41 added to existing stakes and 26 trimmed.
The largest buyer was LPL Financial, adding an estimated $16.7M. The largest seller was Cetera Investment Advisers, cutting an estimated $9.05M.
- 88 institutional investors held US Treasury 6 Month Bill ETF (XBIL) as of Q2 2025, up from 84 in Q1 2025.
- Funds reported $451M of US Treasury 6 Month Bill ETF stock for Q2 2025, up 9.3% quarter-over-quarter.
- 13 funds opened new US Treasury 6 Month Bill ETF positions in Q2 2025 and 8 closed out, a net change of +5 holders.
- The largest US Treasury 6 Month Bill ETF buyer in Q2 2025 was LPL Financial, an estimated $16.7M added.
- The largest US Treasury 6 Month Bill ETF seller in Q2 2025 was Cetera Investment Advisers, an estimated $9.05M sold.
Based on aggregated 13F filings for Q2 2025.