BILL HOLDINGS INC BILL
COM · Common Stock · CUSIP 090043100 · ISIN US0900431000
Cloud-based business software company
- SectorTechnology
- IndustryServices-Prepackaged Software
- HeadquartersSan Jose, CA
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($5.5m this quarter). Holder counts are more reliable. Shares outstanding: 85.3m as of 2026-08-13, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $36.17. Options: 21 managers hold calls ($205.3m notional), 18 hold puts ($78.2m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 490 |
| Q4 2022 | 480 |
| Q1 2023 | 407 |
| Q2 2023 | 419 |
| Q3 2023 | 424 |
| Q4 2023 | 412 |
| Q1 2024 | 378 |
| Q2 2024 | 340 |
| Q3 2024 | 347 |
| Q4 2024 | 415 |
| Q1 2025 | 396 |
| Q2 2025 | 373 |
| Q3 2025 | 365 |
| Q4 2025 | 365 |
| Q1 2026 | 340 |
| Q2 2026 | 341 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 188 | 188 |
| Q4 2024 | 238 | 168 |
| Q1 2025 | 223 | 235 |
| Q2 2025 | 181 | 213 |
| Q3 2025 | 176 | 212 |
| Q4 2025 | 167 | 191 |
| Q1 2026 | 174 | 198 |
| Q2 2026 | 163 | 186 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $663.8m | $213.3m | 0.32 |
| Q4 2025 | $448.0m | $135.9m | 0.30 |
| Q1 2026 | $269.5m | $120.5m | 0.45 |
| Q2 2026 | $205.3m | $78.2m | 0.38 |
Biggest buyers
| AMERIPRISE FINANCIAL INC | Added | +2.7m |
| HRT FINANCIAL LP | New | +1.2m |
| JANE STREET GROUP, LLC | Added | +1.0m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +732.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +684.7k |
| GOLDMAN SACHS GROUP INC | Added | +567.0k |
| Clearline Capital LP | Added | +428.7k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Added | +416.0k |
| BlackRock, Inc. | Added | +378.1k |
| HSBC HOLDINGS PLC | New | +303.1k |
Biggest sellers
| Point72 Asset Management, L.P. | Reduced | -2.1m |
| Contour Asset Management LLC | Reduced | -1.9m |
| PARNASSUS INVESTMENTS, LLC | Sold out | -1.7m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.3m |
| NOMURA HOLDINGS INC | Reduced | -1.3m |
| CITADEL ADVISORS LLC | Reduced | -1.0m |
| MARSHALL WACE, LLP | Reduced | -657.8k |
| LIGHT STREET CAPITAL MANAGEMENT, LLC | Sold out | -625.0k |
| Balyasny Asset Management L.P. | Sold out | -570.5k |
| Greenhouse Funds LLLP | Reduced | -517.9k |
Biggest calls
| UBS Group AG | Unchanged | $73.6m2.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $27.5m759.9k shares |
| Balyasny Asset Management L.P. | Reduced | $18.1m500.0k shares |
| IMC-Chicago, LLC | Added | $15.5m427.3k shares |
| JANE STREET GROUP, LLC | Added | $11.7m324.8k shares |
| Verition Fund Management LLC | Added | $10.7m294.7k shares |
| CITADEL ADVISORS LLC | Added | $10.1m280.1k shares |
| Walleye Trading LLC | Added | $9.4m260.5k shares |
| Caption Management, LLC | Added | $6.5m180.0k shares |
| GROUP ONE TRADING LLC | Reduced | $5.2m145.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $27.7m765.6k shares |
| Balyasny Asset Management L.P. | Reduced | $14.5m400.0k shares |
| HRT FINANCIAL LP | New | $7.2m198.1k shares |
| IMC-Chicago, LLC | Added | $6.3m175.0k shares |
| CITADEL ADVISORS LLC | Reduced | $4.4m121.9k shares |
| JANE STREET GROUP, LLC | Added | $4.0m111.1k shares |
| Walleye Trading LLC | Added | $3.1m86.2k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $2.8m78.3k shares |
| SIMPLEX TRADING, LLC | Added | $2.2m61.9k shares |
| PEAK6 LLC | Unchanged | $1.8m50.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +1.4 pts · filed 2026-09-04 | 10.1% |
| Starboard Value LP 13D · may seek influence +1.5 pts · filed 2026-08-24 | 10.1% |
| ER Collective Holdings, LLC 13G · passive investor +1.5 pts · filed 2025-08-12 | 7.4% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.8% |
| AMERIPRISE FINANCIAL INC 13G · institution new · filed 2026-08-14 | 5.6% |
| Point72 Asset Management, L.P. 13G · passive investor new · filed 2025-11-24 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 3 | $670.8k | $670.8k |
| Q1 2025 | 0 | — | 3 | $650.3k | $650.3k |
| Q2 2025 | 0 | — | 2 | $265.3k | $265.3k |
| Q3 2025 | 0 | — | 2 | $257.4k | $257.4k |
| Q4 2025 | 0 | — | 1 | $56.6k | $56.6k |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 1 | $1.2m | $1.2m |
| Q3 2026 | 0 | — | 3 | $14.7m | $2.1m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-03 | Lacerte Rene A. CEO, director · See footnote | Sold | $1.4m26.9k shares |
| 2026-09-03 | Lacerte Rene A. CEO, director · See foornote | Sold | $768.8k15.4k shares |
| 2026-09-02 | Lacerte Rene A. CEO, director | Sold | $6.8m141.3k shares |
| 2026-09-02 | Lacerte Rene A. CEO, director · See footnote | Sold | $3.6m73.7k shares |
| 2026-09-01 | Jain Rohini Chief Financial Officer | Sold plan | $1.6m33.5k shares |
| 2026-08-31 | Cieri Michael Chief Product Officer | Sold plan | $528.3k10.8k shares |
| 2026-05-29 | Cieri Michael Chief Product Officer | Sold plan | $1.2m32.9k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 8.7m $315.9m | Added +378.1k |
| ER Collective Holdings, LLC 100.00% of their portfolio | 8.5m $308.0m | Unchanged |
| Starboard Value LP 5.62% of their portfolio | 7.0m $254.1m | Added +900 |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 5.7m $205.7m | Added +3.7k |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 5.6m $201.1m | Added +2.7m |
| Senvest Management, LLC 4.35% of their portfolio | 4.1m $148.4m | Added +267.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 3.9m $142.2m | Added +12.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 3.6m $128.8m | Reduced -299.9k |
| STATE STREET CORP 0.00% of their portfolio | 3.1m $113.6m | Added +43.9k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.9m $106.5m | Reduced -144.8k |
| Greenhouse Funds LLLP 5.09% of their portfolio | 2.7m $96.6m | Reduced -517.9k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.20% of their portfolio | 2.1m $74.3m | Added +57.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.6m $59.2m | Added +36.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.6m $59.0m | Reduced -346.8k |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 1.5m $55.8m | Added +1.0m |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.5m $54.6m | Reduced -21.5k |
| Contour Asset Management LLC 1.20% of their portfolio | 1.4m $50.6m | Reduced -1.9m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4m $50.4m | Added +233.7k |
| HRT FINANCIAL LP 0.10% of their portfolio | 1.2m $43.7m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.2m $42.2m | Added +567.0k |
| UBS Group AG 0.01% of their portfolio | 1.1m $39.1m | Reduced -204.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 948.7k $34.3m | Added +684.7k |
| Invenomic Capital Management LP 1.96% of their portfolio | 908.8k $32.9m | Reduced -124.5k |
| LPL Financial LLC 0.01% of their portfolio | 891.4k $32.2m | Added +12.5k |
| MANGROVE PARTNERS IM, LLC 1.99% of their portfolio | 839.0k $30.3m | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 829.0k $30.0m | Added +732.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 827.6k $29.9m | Added +43.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 773.1k $28.0m | Added +416.0k |
| FMR LLC 0.00% of their portfolio | 746.4k $27.0m | Reduced -181.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 709.5k $25.7m | Added +41.3k |
| MORGAN STANLEY 0.00% of their portfolio | 670.8k $24.3m | Added +16.9k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 623.7k $22.6m | Added +16.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 583.7k $21.1m | Added +145.6k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 560.6k $20.3m | Added +12.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 545.1k $19.7m | Added +226.2k |
| Retirement Systems of Alabama 0.05% of their portfolio | 475.1k $17.2m | Reduced -16.3k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 474.7k $17.2m | Added +181.8k |
| Clearline Capital LP 1.10% of their portfolio | 469.6k $17.0m | Added +428.7k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 464.6k $16.8m | Added +283.7k |
| NOMURA HOLDINGS INC 0.07% of their portfolio | 456.5k $16.5m | Reduced -1.3m |
| Nuveen, LLC 0.00% of their portfolio | 454.8k $16.4m | Added +204.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 411.9k $14.9m | Reduced -13.7k |
| NORGES BANK 0.00% of their portfolio | 390.3k $14.1m | Not comparable |
| ALGERT GLOBAL LLC 0.17% of their portfolio | 385.3k $13.9m | Added +205.0k |
| Pacer Advisors, Inc. 0.03% of their portfolio | 359.7k $13.0m | Added +21.6k |
| LOOMIS SAYLES & CO L P 0.01% of their portfolio | 329.5k $11.9m | Reduced -9.8k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 325.7k $11.8m | Reduced -1.0m |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 303.1k $10.9m | New |
| Quantinno Capital Management LP 0.01% of their portfolio | 300.3k $10.9m | Reduced -56.7k |
| BARCLAYS PLC 0.00% of their portfolio | 299.4k $10.8m | Reduced -142.2k |
| Invesco Ltd. 0.00% of their portfolio | 286.0k $10.3m | Added +17.1k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 244.5k $8.8m | Reduced -51.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 241.4k $8.7m | Reduced -95.4k |
| Verition Fund Management LLC 0.06% of their portfolio | 233.5k $8.4m | Reduced -202.7k |
| Yiheng Capital Management, L.P. 3.55% of their portfolio | 222.8k $8.1m | Unchanged |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 220.2k $8.0m | Reduced -3.3k |
| MONIMUS CAPITAL MANAGEMENT, LP 2.02% of their portfolio | 220.0k $8.0m | Reduced -62.5k |
| Tejara Capital Ltd 3.26% of their portfolio | 219.4k $7.9m | Added +101.9k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 211.5k $8.1m | Added +48.3k |
| XTX Topco Ltd 0.10% of their portfolio | 205.7k $7.4m | Added +177.5k |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 202.6k $7.3m | New |
| SEI INVESTMENTS CO 0.01% of their portfolio | 201.5k $7.3m | Added +92.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 201.3k $7.3m | Added +4.8k |
| PAR CAPITAL MANAGEMENT INC 0.18% of their portfolio | 200.0k $7.2m | Reduced -200.0k |
| BARINGTON COMPANIES MANAGEMENT, LLC 5.01% of their portfolio | 197.0k $7.1m | Reduced -116.8k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 195.0k $7.1m | Reduced -657.8k |
| IRIDIAN ASSET MANAGEMENT LLC/CT 2.33% of their portfolio | 187.8k $6.8m | Reduced -10.9k |
| Quinn Opportunity Partners LLC 0.32% of their portfolio | 187.1k $6.8m | New |
| ExodusPoint Capital Management, LP 0.06% of their portfolio | 185.7k $6.7m | Reduced -71.2k |
| ARMISTICE CAPITAL, LLC 0.18% of their portfolio | 181.6k $6.6m | Reduced -193.3k |
| California Public Employees Retirement System 0.00% of their portfolio | 181.3k $6.6m | Added +11.4k |
| IMMERSION CORP 3.64% of their portfolio | 180.0k $6.5m | New |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 167.9k $6.1m | Added +85.0k |
| Swiss National Bank 0.00% of their portfolio | 158.9k $5.7m | Reduced -9.5k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 153.4k $5.5m | Reduced -212.8k |
| Hudson Bay Capital Management LP 0.03% of their portfolio | 151.4k $5.5m | Reduced -99.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 137.7k $5.0m | Added +3.0k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 130.9k $4.7m | Added +7.4k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 130.3k $4.7m | Reduced -25.9k |
| Man Group plc 0.01% of their portfolio | 127.6k $4.6m | New |
| WINTON GROUP Ltd 0.14% of their portfolio | 123.7k $4.5m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 123.2k $4.5m | Added +81.5k |
| Potrero Capital Research LLC 2.61% of their portfolio | 117.7k $4.3m | Reduced -53.7k |
| Legal & General Group Plc 0.00% of their portfolio | 110.3k $4.0m | Reduced -7.8k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 109.0k $3.9m | Reduced -1.3m |
| SG Americas Securities, LLC 0.00% of their portfolio | 106.6k $3.9m | Reduced -34.3k |
| Cohen Capital Management, Inc. 0.52% of their portfolio | 104.8k $3.8m | Reduced -5.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 97.7k $3.5m | Reduced -2.6k |
| Sepio Capital, LP 0.18% of their portfolio | 96.5k $3.5m | Reduced -173 |
| Edgestream Partners, L.P. 0.10% of their portfolio | 95.9k $3.5m | Added +84.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 92.9k $3.4m | Added +75.4k |
| Sciencast Management LP 0.68% of their portfolio | 91.1k $3.3m | New |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 90.3k $3.3m | Reduced -1.4k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 89.4k $3.2m | Added +20.8k |
| PICTON MAHONEY ASSET MANAGEMENT 0.03% of their portfolio | 84.4k $3.1m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 83.9k $3.0m | Reduced -1.7k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 83.1k $3.0m | Reduced -12.1k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 81.7k $3.0m | Reduced -2.1m |
| M&G PLC 0.01% of their portfolio | 78.9k $2.8m | Unchanged |
| FORMULA GROWTH LTD 0.95% of their portfolio | 75.0k $2.7m | Unchanged |