US Treasury 6 Month Bill ETF
XBIL
88 hedge funds and large institutions have $436M invested in US Treasury 6 Month Bill ETF in 2025 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 32 increasing their positions, 35 reducing their positions, and 8 closing their positions.
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
0% more funds holding
Funds holding: 88 → 88 (0)
3% less capital invested
Capital invested by funds: $451M → $436M (-$15.5M)
9% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 35
2.66% less ownership
Funds ownership: 56.98% → 54.32% (-2.7%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$12.9M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$10.5M |
| 3 |
LPL Financial
San Diego,
California
|
+$3.95M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$3.8M |
| 5 |
FMI
F/M Investments
Washington,
District of Columbia
|
+$3.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$10.4M |
| 2 |
MAM
Milestone Asset Management
Pittsburgh,
Pennsylvania
|
-$9.23M |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$8.69M |
| 4 |
4WM
49 Wealth Management
Austin,
Texas
|
-$6.22M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$1.79M |
XBIL Hedge Fund Activity: Q3 2025 in Review
88 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in US Treasury 6 Month Bill ETF (XBIL) for Q3 2025, worth a combined $436M — down 3.4% from $451M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new XBIL positions and 8 closed out — a net gain of 3 holders — while 32 added to existing stakes and 35 trimmed.
The largest buyer was Stifel Financial, adding an estimated $12.9M. The largest seller was UBS Group, cutting an estimated $10.4M.
- 88 institutional investors held US Treasury 6 Month Bill ETF (XBIL) as of Q3 2025, unchanged from Q2 2025.
- Funds reported $436M of US Treasury 6 Month Bill ETF stock for Q3 2025, down 3.4% quarter-over-quarter.
- 11 funds opened new US Treasury 6 Month Bill ETF positions in Q3 2025 and 8 closed out, a net change of +3 holders.
- The largest US Treasury 6 Month Bill ETF buyer in Q3 2025 was Stifel Financial, an estimated $12.9M added.
- The largest US Treasury 6 Month Bill ETF seller in Q3 2025 was UBS Group, an estimated $10.4M sold.
Based on aggregated 13F filings for Q3 2025.