Vault-13

RBB FD INC TBIL

US TREAS 3 MNTH · ETP · CUSIP 74933W452

277 institutional holders +8 vs Q1 2025
52,283,40752.3m shares reported held*
$2.6bnreported value*
39 new 114 added 99 reduced 32 sold out net bought ≈ $169.8m (+3.4m shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $49.99.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 14Q4 22: 35Q1 23: 58Q2 23: 92Q3 23: 140Q4 23: 155Q1 24: 181Q2 24: 198Q3 24: 221Q4 24: 249Q1 25: 269Q2 25: 277277Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202214
Q4 202235
Q1 202358
Q2 202392
Q3 2023140
Q4 2023155
Q1 2024181
Q2 2024198
Q3 2024221
Q4 2024249
Q1 2025269
Q2 2025277

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q3 23: 112 bought or addedQ3 23: 28 cut or sold outQ4 23: 101 bought or addedQ4 23: 54 cut or sold outQ4 23Q1 24: 115 bought or addedQ1 24: 73 cut or sold outQ2 24: 126 bought or addedQ2 24: 78 cut or sold outQ2 24Q3 24: 147 bought or addedQ3 24: 87 cut or sold outQ4 24: 132 bought or addedQ4 24: 103 cut or sold outQ4 24Q1 25: 170 bought or addedQ1 25: 107 cut or sold outQ2 25: 153 bought or addedQ2 25: 131 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202311228
Q4 202310154
Q1 202411573
Q2 202412678
Q3 202414787
Q4 2024132103
Q1 2025170107
Q2 2025153131

Biggest buyers

MORGAN STANLEY Added +1,837,513+1.8m
WELLS FARGO & COMPANY/MN Added +1,070,643+1.1m
TOTAL INVESTMENT MANAGEMENT INC New +1,023,870+1.0m
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +341,660+341.7k
F/m Investments LLC Added +240,654+240.7k
SCOTIA CAPITAL INC. New +202,151+202.2k
HighTower Advisors, LLC Added +200,038+200.0k
RETIREMENT CAPITAL STRATEGIES Added +197,020+197.0k
CAPTRUST FINANCIAL ADVISORS Added +183,624+183.6k
Strong Tower Advisory Services Added +175,837+175.8k

Biggest sellers

RENAISSANCE TECHNOLOGIES LLC Sold out -2,293,700-2.3m
Oxbow Advisors, LLC Reduced -517,714-517.7k
Advisor Resource Council Sold out -217,336-217.3k
Stratos Wealth Partners, LTD. Reduced -193,457-193.5k
STIFEL FINANCIAL CORP Reduced -163,641-163.6k
Family Office Research LLC Reduced -144,371-144.4k
Ameritas Advisory Services, LLC Reduced -122,559-122.6k
Steward Partners Investment Advisory, LLC Reduced -87,984-88.0k
Wealthcare Advisory Partners LLC Reduced -64,688-64.7k
OSAIC HOLDINGS, INC. Reduced -64,397-64.4k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.17% of their portfolio FORT MILL, SC 9,994,02410.0m $499.7m $499.7m 0.17% Added +70.8k +70,789
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 8,588,3848.6m $429.4m $429.4m 0.03% Added +1.8m +1,837,513
3 Oxbow Advisors, LLC 11.26% of their portfolio Austin, TX 2,060,4352.1m $103.0m $103.0m 11.26% Reduced -517.7k -517,714
4 RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio ST. PETERSBURG, FL 2,012,4462.0m $100.6m $100.6m 0.03% Reduced -24.1k -24,131
5 STIFEL FINANCIAL CORP 0.08% of their portfolio ST. LOUIS, MO 1,601,6601.6m $80.1m $80.1m 0.08% Reduced -163.6k -163,641
6 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.12% of their portfolio PLYMOUTH, MN 1,422,4491.4m $70.9m $70.9m 0.12% Added +341.7k +341,660
7 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,098,4891.1m $54.9m $54.9m 0.01% Added +1.1m +1,070,643
8 TOTAL INVESTMENT MANAGEMENT INC 7.40% of their portfolio SCOTTSDALE, AZ 1,023,8701.0m $51.2m $51.2m 7.40% New
9 Moloney Securities Asset Management, LLC 6.32% of their portfolio MANCHESTER, MO 1,022,4731.0m $51.1m $51.1m 6.32% Added +42.1k +42,118
10 F/m Investments LLC 1.85% of their portfolio WASHINGTON, DC 1,021,5201.0m $51.1m $51.1m 1.85% Added +240.7k +240,654
11 MML INVESTORS SERVICES, LLC 0.14% of their portfolio SPRINGFIELD, MA 1,003,9411.0m $50.2m $50.2m 0.14% Added +153.6k +153,587
12 Obermeyer Wealth Partners 2.41% of their portfolio ASPEN, CO 968,882968.9k $48.4m $48.4m 2.41% Added +39.2k +39,182
13 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 913,760913.8k $45.7m $45.7m 0.06% Reduced -41.9k -41,876
14 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 887,973888.0k $44.4m $44.4m 0.01% Added +43.0k +43,010
15 BENJAMIN EDWARDS INC 0.51% of their portfolio Clayton, MO 797,860797.9k $39.9m $39.9m 0.51% Added +99.1k +99,096
16 UBS Group AG 0.01% of their portfolio ZURICH, V8 703,865703.9k $35.2m $35.2m 0.01% Added +170.5k +170,471
17 Private Advisor Group, LLC 0.19% of their portfolio MORRISTOWN, NJ 692,063692.1k $34.6m $34.6m 0.19% Added +47.0k +47,028
18 CENTRAL TRUST Co 0.58% of their portfolio JEFFERSON CITY, MO 504,477504.5k $25.2m $25.2m 0.58% Added +25.9k +25,926
19 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 496,336496.3k $24.8m $24.8m 0.08% Reduced -14.8k -14,829
20 Revolve Wealth Partners, LLC 3.18% of their portfolio Hackensack, NJ 486,487486.5k $24.3m $24.3m 3.18% Added +175 +175
21 Integrated Wealth Concepts LLC 0.24% of their portfolio WALTHAM, MA 474,058474.1k $23.7m $23.7m 0.24% Added +25.1k +25,100
22 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 393,444393.4k $19.7m $19.7m 0.03% Reduced -4.6k -4,563
23 Kestra Advisory Services, LLC 0.09% of their portfolio AUSTIN, TX 363,963364.0k $18.2m $18.2m 0.09% Added +75.9k +75,909
24 Mariner, LLC 0.03% of their portfolio Overland Park, KS 358,151358.2k $17.9m $17.9m 0.03% Added +49.9k +49,860
25 Wealthcare Advisory Partners LLC 0.37% of their portfolio WEST CHESTER, PA 324,665324.7k $16.2m $16.2m 0.37% Reduced -64.7k -64,688
26 Steward Partners Investment Advisory, LLC 0.12% of their portfolio STAMFORD, CT 295,257295.3k $14.8m $14.8m 0.12% Reduced -88.0k -87,984
27 GRIES FINANCIAL LLC 2.49% of their portfolio Cleveland, OH 274,207274.2k $13.7m $13.7m 2.49% Reduced -18.2k -18,242
28 Lido Advisors, LLC 0.07% of their portfolio Los Angeles, CA 270,981271.0k $13.5m $13.5m 0.07% Reduced -20.7k -20,695
29 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 268,750268.8k $13.4m $13.4m 0.02% Added +200.0k +200,038
30 Generation Capital Management LLC 10.62% of their portfolio PITTSFORD, NY 268,531268.5k $13.4m $13.4m 10.62% Added +20.1k +20,126
31 Stratos Wealth Partners, LTD. 0.18% of their portfolio BEACHWOOD, OH 261,675261.7k $13.1m $13.1m 0.18% Reduced -193.5k -193,457
32 IBEX WEALTH ADVISORS 1.39% of their portfolio BEDMINSTER, NJ 260,015260.0k $13.0m $13.0m 1.39% Added +30.2k +30,173
33 Equitable Holdings, Inc. 0.11% of their portfolio NEW YORK, NY 255,061255.1k $12.8m $12.8m 0.11% Added +49.4k +49,429
34 Family Office Research LLC 5.58% of their portfolio Bethesda, MD 235,946235.9k $11.8m $11.8m 5.58% Reduced -144.4k -144,371
35 Strait & Sound Wealth Management LLC 4.94% of their portfolio SAN FRANCISCO, CA 232,396232.4k $11.6m $11.6m 4.94% Reduced -9.8k -9,819
36 KESTRA PRIVATE WEALTH SERVICES, LLC 0.17% of their portfolio AUSTIN, TX 231,062231.1k $11.6m $11.6m 0.17% Added +33.9k +33,927
37 Wealthquest Corp 0.90% of their portfolio CINCINNATI, OH 228,988229.0k $11.4m $11.4m 0.90% Reduced -16.5k -16,472
38 49 WEALTH MANAGEMENT, LLC 1.18% of their portfolio AUSTIN, TX 222,297222.3k $11.1m $11.1m 1.18% Reduced -44.9k -44,883
39 RETIREMENT CAPITAL STRATEGIES 4.30% of their portfolio SAN JOSE, CA 217,068217.1k $10.9m $10.9m 4.30% Added +197.0k +197,020
40 Strong Tower Advisory Services 2.04% of their portfolio MINNEAPOLIS, MN 206,975207.0k $10.3m $10.3m 2.04% Added +175.8k +175,837
41 SCOTIA CAPITAL INC. 0.05% of their portfolio TORONTO, A6 202,151202.2k $10.1m $10.1m 0.05% New
42 Alpine Bank Wealth Management 1.43% of their portfolio GRAND JUNCTION, CO 189,728189.7k $9.5m $9.5m 1.43% Added +124.1k +124,063
43 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 187,924187.9k $9.4m $9.4m 0.02% Added +183.6k +183,624
44 FLPUTNAM INVESTMENT MANAGEMENT CO 0.16% of their portfolio PORTLAND, ME 187,515187.5k $9.4m $9.4m 0.16% Reduced -23.7k -23,678
45 RIA Advisory Group LLC 2.57% of their portfolio Des Moines, IA 175,044175.0k $8.8m $8.8m 2.57% Added +12.4k +12,422
46 Tidal Investments LLC 0.06% of their portfolio Milwaukee, WI 174,778174.8k $8.7m $8.7m 0.06% Added +32.9k +32,928
47 MONEY CONCEPTS CAPITAL CORP 0.57% of their portfolio PALM BEACH GARDENS, FL 171,804171.8k $8.6m $8.6m 0.57% Reduced -46.4k -46,393
48 DENVER WEALTH MANAGEMENT, INC. 3.35% of their portfolio DENVER, CO 162,135162.1k $8.1m $8.1m 3.35% Added +5.2k +5,183
49 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 160,665160.7k $8.0m $8.0m 0.01% New
50 Coign Capital Advisors LLC 5.33% of their portfolio Draper, UT 157,411157.4k $7.9m $7.9m 5.33% Reduced -20.2k -20,165
51 Avidian Wealth Enterprises, LLC 0.32% of their portfolio Houston, TX 156,894156.9k $7.8m $7.8m 0.32% Added +7.7k +7,705
52 Pinnacle Wealth Management Group, Inc. 4.47% of their portfolio PLYMOUTH, MI 156,066156.1k $7.8m $7.8m 4.47% Added +6.6k +6,556
53 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 151,383151.4k $7.6m $7.6m 0.00% Added +151.1k +151,075
54 Divergent Planning, LLC 2.03% of their portfolio BETHESDA, MD 137,848137.8k $6.9m $6.9m 2.03% Added +61.8k +61,843
55 Hilton Capital Management, LLC 0.54% of their portfolio Garden City, NY 136,385136.4k $6.8m $6.8m 0.54% Added +81.9k +81,866
56 SYNOVUS FINANCIAL CORP 0.08% of their portfolio Columbus, GA 136,026136.0k $6.8m $6.8m 0.08% Added +39.7k +39,734
57 Wealthstar Advisors, LLC 2.51% of their portfolio Plano, TX 133,289133.3k $6.7m $6.7m 2.51% Added +16.0k +16,042
58 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 132,300132.3k $6.6m $6.6m 0.01% Reduced -39.1k -39,073
59 MANCHESTER FINANCIAL INC 1.34% of their portfolio Westlake Village, CA 128,424128.4k $6.4m $6.4m 1.34% Reduced -4.2k -4,209
60 Proactive Wealth Strategies LLC 3.03% of their portfolio MARIETTA, GA 128,401128.4k $6.4m $6.4m 3.03% Added +1.7k +1,748
61 RFG Advisory, LLC 0.15% of their portfolio BIRMINGHAM, AL 125,954126.0k $6.3m $6.3m 0.15% Added +28.0k +28,030
62 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 124,228124.2k $6.2m $6.2m 0.00% Added +2.5k +2,457
63 Copia Wealth Management 5.24% of their portfolio BEND, OR 124,184124.2k $6.2m $6.2m 5.24% Added +319 +319
64 B & T Capital Management DBA Alpha Capital Management 1.00% of their portfolio AUSTIN, TX 116,669116.7k $5.8m $5.8m 1.00% Reduced -13.5k -13,472
65 BOYUM WEALTH ARCHITECTS LLC 4.26% of their portfolio BLOOMINGTON, MN 115,747115.7k $5.8m $5.8m 4.26% New
66 Ashton Thomas Private Wealth, LLC 0.20% of their portfolio SCOTTSDALE, AZ 112,175112.2k $5.6m $5.6m 0.20% Added +3.8k +3,788
67 Sovereign Financial Group, Inc. 1.15% of their portfolio STAMFORD, CT 111,571111.6k $5.6m $5.6m 1.15% Added +27.3k +27,279
68 WMG Financial Advisors, LLC 2.06% of their portfolio Knoxville, TN 111,057111.1k $5.6m $5.6m 2.06% Reduced -3.3k -3,284
69 Semmax Financial Advisors Inc. 1.42% of their portfolio Winston Salem, NC 110,452110.5k $5.5m $5.5m 1.42% Reduced -15.0k -15,024
70 VISION FINANCIAL MARKETS LLC 5.15% of their portfolio STAMFORD, CT 109,288109.3k $5.5m $5.5m 5.15% Added +4.0k +3,990
71 AdvisorNet Financial, Inc 0.34% of their portfolio MINNETONKA, MN 104,610104.6k $5.2m $5.2m 0.34% Added +44.0k +44,034
72 Formidable Asset Management, LLC 0.87% of their portfolio CINCINNATI, OH 104,240104.2k $5.2m $5.2m 0.87% Added +2.0k +2,000
73 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.71% of their portfolio CONCORD, MA 103,080103.1k $5.2m $5.2m 0.71% Added +10.3k +10,342
74 Forum Financial Management, LP 0.08% of their portfolio LOMBARD, IL 103,059103.1k $5.2m $5.2m 0.08% Added +193 +193
75 First Heartland Consultants, Inc. 0.44% of their portfolio LAKE ST. LOUIS, MO 98,03598.0k $4.9m $4.9m 0.44% Reduced -2.6k -2,583
76 Global View Capital Management LLC 1.54% of their portfolio WAUKESHA, WI 96,14296.1k $4.8m $4.8m 1.54% Added +5.1k +5,129
77 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 94,30094.3k $4.7m $4.7m 0.02% New
78 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 88,01488.0k $4.4m $4.4m 0.01% New
79 Cypress Capital, LLC 1.25% of their portfolio FRANKLIN, TN 86,27586.3k $4.3m $4.3m 1.25% Reduced -22.3k -22,303
80 IFG Advisory, LLC 0.21% of their portfolio ATLANTA, GA 84,29484.3k $4.2m $4.2m 0.21% Reduced -18.5k -18,473
81 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 84,13784.1k $4.2m $4.2m 0.01% Reduced -4.0k -3,970
82 Jaffetilchin Investment Partners, LLC 0.27% of their portfolio TAMPA, FL 82,31082.3k $4.1m $4.1m 0.27% Reduced -2.1k -2,108
83 Fiduciary Alliance LLC 0.30% of their portfolio GREENVILLE, SC 80,80080.8k $4.0m $4.0m 0.30% Reduced -4.6k -4,600
84 Fortis Group Advisors, LLC 0.72% of their portfolio WESTWOOD, NJ 79,03279.0k $4.0m $4.0m 0.72% Reduced -25.2k -25,194
85 INDEPENDENT FINANCIAL GROUP, LLC 0.11% of their portfolio SAN DIEGO, CA 78,76478.8k $3.9m $3.9m 0.11% Reduced -27.5k -27,501
86 Parallel Advisors, LLC 0.07% of their portfolio SAN FRANCISCO, CA 74,77374.8k $3.7m $3.7m 0.07% Added +15.4k +15,364
87 DAVENPORT & Co LLC 0.02% of their portfolio RICHMOND, VA 72,66272.7k $3.6m $3.6m 0.02% Added +3.4k +3,367
88 Concurrent Investment Advisors, LLC 0.07% of their portfolio Tampa, FL 70,21470.2k $3.5m $3.5m 0.07% Added +7.5k +7,485
89 Farther Finance Advisors, LLC 0.07% of their portfolio SAN FRANCISCO, CA 69,08669.1k $3.5m $3.5m 0.07% Added +9.7k +9,744
90 Sigma Planning Corp 0.10% of their portfolio ANN ARBOR, MI 65,52265.5k $3.3m $3.3m 0.10% Added +19.1k +19,137
91 Koshinski Asset Management, Inc. 0.24% of their portfolio DECATUR, IL 62,86762.9k $3.1m $3.1m 0.24% Added +21.5k +21,491
92 GTS SECURITIES LLC 0.14% of their portfolio NEW YORK, NY 61,60961.6k $3.1m $3.1m 0.14% New
93 Longview Financial Advisors, Inc. 2.61% of their portfolio HUNTSVILLE, AL 61,37561.4k $3.1m $3.1m 2.61% Reduced -15.0k -14,984
94 Founders Financial Alliance, LLC 0.69% of their portfolio RALEIGH, NC 61,12861.1k $3.1m $3.1m 0.69% Added +5.5k +5,492
95 Hamilton Wealth, LLC 0.65% of their portfolio LOS ANGELES, CA 57,89157.9k $2.9m $2.9m 0.65% Added +37.1k +37,115
96 B. Riley Wealth Advisors, Inc. 0.14% of their portfolio MEMPHIS, TN 57,09857.1k $2.9m $2.9m 0.14% Reduced -18.4k -18,353
97 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.22% of their portfolio ORLANDO, FL 55,77455.8k $2.8m $2.8m 0.22% Reduced -5.8k -5,821
98 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 54,70854.7k $2.7m $2.7m 0.00% Added +22.6k +22,645
99 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 54,56154.6k $2.7m $2.7m 0.00% Added +54.2k +54,191
100 KG Capital Management 0.80% of their portfolio ST. FRANCISVILLE, LA 54,22854.2k $2.7m $2.7m 0.80% Added +11.2k +11,238