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 ($6.5m this quarter). Holder counts are more reliable. Shares outstanding: 99.6m as of 2026-04-30, 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 ≈ $38.32. Options: 30 managers hold calls ($269.5m notional), 21 hold puts ($120.5m).
Trends to Q1 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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 180 | 222 |
| 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 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $265.8m | $88.6m | 0.33 |
| Q3 2025 | $663.8m | $213.3m | 0.32 |
| Q4 2025 | $448.0m | $135.9m | 0.30 |
| Q1 2026 | $269.5m | $120.5m | 0.45 |
Biggest buyers
| FULLER & THALER ASSET MANAGEMENT, INC. | New | +2.0m |
| NOMURA HOLDINGS INC | Added | +1.7m |
| Senvest Management, LLC | Added | +1.3m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +976.1k |
| MILLENNIUM MANAGEMENT LLC | Added | +568.1k |
| GOLDMAN SACHS GROUP INC | Added | +433.2k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Added | +356.7k |
| Invenomic Capital Management LP | Added | +324.4k |
| Pacer Advisors, Inc. | Added | +320.1k |
| BlackRock, Inc. | Added | +319.0k |
Biggest sellers
| Elliott Investment Management L.P. | Sold out | -3.0m |
| MARSHALL WACE, LLP | Reduced | -2.1m |
| Point72 Asset Management, L.P. | Reduced | -2.0m |
| Contour Asset Management LLC | Reduced | -1.4m |
| MORGAN STANLEY | Reduced | -1.2m |
| UBS Group AG | Reduced | -953.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -952.1k |
| BANK OF AMERICA CORP /DE/ | Reduced | -918.7k |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Sold out | -641.7k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -552.6k |
Biggest calls
| UBS Group AG | Unchanged | $78.0m2.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $32.9m859.7k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $31.0m809.6k shares |
| Balyasny Asset Management L.P. | Reduced | $28.7m750.0k shares |
| NOMURA HOLDINGS INC | New | $16.1m420.0k shares |
| IMC-Chicago, LLC | Reduced | $12.2m317.5k shares |
| JANE STREET GROUP, LLC | Added | $11.2m293.3k shares |
| CITADEL ADVISORS LLC | Reduced | $8.9m232.2k shares |
| Senvest Management, LLC | New | $7.7m200.9k shares |
| GROUP ONE TRADING LLC | Reduced | $7.2m188.8k shares |
Biggest puts
| Balyasny Asset Management L.P. | Added | $48.8m1.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $16.2m423.1k shares |
| CITADEL ADVISORS LLC | Added | $16.2m422.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $12.9m336.1k shares |
| IMC-Chicago, LLC | Added | $6.6m172.3k shares |
| Caption Management, LLC | New | $6.3m164.4k shares |
| BANK OF MONTREAL /CAN/ | New | $3.8m100.0k shares |
| Walleye Trading LLC | Reduced | $2.1m55.8k shares |
| PEAK6 LLC | Reduced | $1.9m50.0k shares |
| JANE STREET GROUP, LLC | Reduced | $1.5m39.1k 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 in Q1 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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 2 | $231.2k | $231.2k |
| Q3 2024 | 3 | $4.5m | 2 | $180.0k | $180.0k |
| 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 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| ER Collective Holdings, LLC 100.00% of their portfolio | 8.5m $326.3m | Unchanged |
| BlackRock, Inc. 0.01% of their portfolio | 8.4m $320.1m | Added +319.0k |
| Starboard Value LP 5.89% of their portfolio | 7.0m $269.1m | Unchanged |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 5.7m $217.7m | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 3.9m $150.2m | First filing |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 3.9m $147.9m | Added +976.1k |
| Senvest Management, LLC 4.89% of their portfolio | 3.8m $146.9m | Added +1.3m |
| Contour Asset Management LLC 4.16% of their portfolio | 3.3m $128.0m | Reduced -1.4m |
| Greenhouse Funds LLLP 5.79% of their portfolio | 3.2m $122.2m | Added +256.7k |
| STATE STREET CORP 0.00% of their portfolio | 3.1m $118.6m | Added +54.3k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 3.1m $118.4m | Added +126.4k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 2.8m $108.6m | Reduced -372.3k |
| Point72 Asset Management, L.P. 0.14% of their portfolio | 2.2m $82.8m | Reduced -2.0m |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.26% of their portfolio | 2.0m $76.5m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 2.0m $75.8m | Reduced -952.1k |
| NOMURA HOLDINGS INC 0.55% of their portfolio | 1.7m $66.2m | Added +1.7m |
| PARNASSUS INVESTMENTS, LLC 0.19% of their portfolio | 1.7m $63.7m | Added +198.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.6m $61.3m | Added +49.1k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.5m $58.7m | Reduced -103.0k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 1.4m $55.1m | Added +568.1k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 1.3m $51.7m | Reduced -363.6k |
| UBS Group AG 0.01% of their portfolio | 1.3m $49.3m | Reduced -953.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.2m $44.4m | Reduced -918.7k |
| Invenomic Capital Management LP 1.83% of their portfolio | 1.0m $39.6m | Added +324.4k |
| FMR LLC 0.00% of their portfolio | 927.9k $35.5m | Reduced -128.2k |
| LPL Financial LLC 0.01% of their portfolio | 878.9k $33.7m | Added +287.6k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 852.8k $32.7m | Reduced -2.1m |
| MANGROVE PARTNERS IM, LLC 2.61% of their portfolio | 839.0k $32.1m | Added +183.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 784.3k $30.0m | Reduced -45.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 668.1k $25.6m | Reduced -4.7k |
| MORGAN STANLEY 0.00% of their portfolio | 653.9k $25.0m | Reduced -1.2m |
| LIGHT STREET CAPITAL MANAGEMENT, LLC 4.81% of their portfolio | 625.0k $23.9m | Reduced -253.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 607.7k $23.3m | Reduced -66.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 598.8k $22.9m | Added +433.2k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 570.5k $21.9m | Added +61.3k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 548.7k $21.0m | First filing |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 501.3k $19.2m | Added +103.8k |
| Retirement Systems of Alabama 0.06% of their portfolio | 491.4k $18.8m | Added +993 |
| BARCLAYS PLC 0.01% of their portfolio | 441.6k $16.9m | Added +35.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 438.2k $16.8m | Added +180.4k |
| Verition Fund Management LLC 0.16% of their portfolio | 436.2k $16.7m | Added +151.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 425.6k $16.3m | Added +166.8k |
| PAR CAPITAL MANAGEMENT INC 0.45% of their portfolio | 400.0k $15.3m | Added +75.0k |
| ARMISTICE CAPITAL, LLC 0.47% of their portfolio | 374.9k $14.4m | Added +103.5k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 366.2k $14.0m | Added +311.8k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 357.1k $13.7m | Added +356.7k |
| Quantinno Capital Management LP 0.02% of their portfolio | 357.0k $13.7m | Added +249.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 351.4k $13.1m | Reduced -18.8k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 339.3k $13.0m | Added +40.2k |
| Pacer Advisors, Inc. 0.04% of their portfolio | 338.1k $12.9m | Added +320.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 336.8k $12.9m | Reduced -481.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 318.9k $11.9m | Added +2.2k |
| BARINGTON COMPANIES MANAGEMENT, LLC 9.76% of their portfolio | 313.8k $12.0m | Reduced -76.2k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 295.6k $11.3m | Reduced -26.1k |
| Freestone Grove Partners LP 0.08% of their portfolio | 294.5k $11.3m | Added +178.3k |
| Assenagon Asset Management S.A. 0.02% of their portfolio | 292.9k $11.2m | Reduced -350.1k |
| MONIMUS CAPITAL MANAGEMENT, LP 3.00% of their portfolio | 282.4k $10.8m | Added +203.2k |
| Invesco Ltd. 0.00% of their portfolio | 268.9k $10.3m | Reduced -478 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 264.0k $10.1m | Added +232.7k |
| ExodusPoint Capital Management, LP 0.10% of their portfolio | 256.9k $9.8m | Added +12.0k |
| Hudson Bay Capital Management LP 0.06% of their portfolio | 250.6k $9.6m | Added +128.1k |
| Nuveen, LLC 0.00% of their portfolio | 250.5k $9.6m | Added +92.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 225.9k $8.7m | Reduced -139.8k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 223.5k $8.6m | Reduced -5.3k |
| Yiheng Capital Management, L.P. 3.70% of their portfolio | 222.8k $8.5m | New |
| IRIDIAN ASSET MANAGEMENT LLC/CT 3.09% of their portfolio | 198.7k $7.6m | Added +11.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 196.4k $7.5m | Added +5.0k |
| Meridiem Capital Partners LP 0.49% of their portfolio | 195.3k $7.5m | Reduced -78.5k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 180.9k $6.9m | New |
| ALGERT GLOBAL LLC 0.10% of their portfolio | 180.2k $6.9m | New |
| Gotham Asset Management, LLC 0.02% of their portfolio | 172.7k $6.6m | Reduced -83.3k |
| Potrero Capital Research LLC 4.03% of their portfolio | 171.4k $6.6m | Reduced -28.6k |
| California Public Employees Retirement System 0.00% of their portfolio | 169.9k $6.5m | Added +16.9k |
| Swiss National Bank 0.00% of their portfolio | 168.4k $6.4m | Reduced -2.0k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 163.3k $8.9m | Added +19.1k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 156.2k $5.9m | Added +151.4k |
| CAPITAL FUND MANAGEMENT S.A. 0.05% of their portfolio | 155.9k $6.0m | New |
| OSSIAM 0.10% of their portfolio | 149.7k $5.7m | Unchanged |
| SG Americas Securities, LLC 0.01% of their portfolio | 140.8k $5.4m | Reduced -61.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 134.7k $5.2m | Added +53.5k |
| CIBC Bancorp USA Inc. 0.01% of their portfolio | 126.1k $4.8m | First filing |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.18% of their portfolio | 125.4k $4.8m | Reduced -50.3k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 123.5k $4.7m | Reduced -13.1k |
| Legal & General Group Plc 0.00% of their portfolio | 118.1k $4.5m | Reduced -18.3k |
| Tejara Capital Ltd 1.48% of their portfolio | 117.5k $4.5m | New |
| Empowered Funds, LLC 0.03% of their portfolio | 115.1k $4.4m | New |
| CITIGROUP INC 0.00% of their portfolio | 113.8k $4.4m | Added +92.9k |
| Cohen Capital Management, Inc. 0.65% of their portfolio | 109.8k $4.2m | Unchanged |
| SEI INVESTMENTS CO 0.00% of their portfolio | 109.4k $4.2m | Added +97.6k |
| Ardmore Road Asset Management LP 0.28% of their portfolio | 109.1k $4.2m | Added +77.5k |
| SOROS FUND MANAGEMENT LLC 0.06% of their portfolio | 106.9k $4.1m | New |
| Shay Capital LLC 0.55% of their portfolio | 100.8k $3.9m | Added +96.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 100.3k $3.8m | Added +18.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 96.8k $3.7m | Added +41.2k |
| Sepio Capital, LP 0.20% of their portfolio | 96.7k $3.7m | Added +179 |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 95.2k $3.6m | First filing |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 91.7k $3.5m | Added +18.3k |
| Qsemble Capital Management, LP 0.25% of their portfolio | 86.2k $3.3m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 85.6k $3.3m | Reduced -4.0k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 83.0k $3.2m | Reduced -109.6k |