Vault-13

RBB FD INC TBIL

US TREAS 3 MNTH · ETP · CUSIP 74933W452

286 institutional holders +9 vs Q2 2025
52,099,86852.1m shares reported held*
$2.6bnreported value*
40 new 110 added 104 reduced 27 sold out net sold ≈ $16.0m (-319.2k 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 Q3 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: 277Q3 25: 286286Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025286

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 101 bought or addedQ4 23: 54 cut or sold outQ1 24: 115 bought or addedQ1 24: 73 cut or sold outQ1 24Q2 24: 126 bought or addedQ2 24: 78 cut or sold outQ3 24: 147 bought or addedQ3 24: 87 cut or sold outQ3 24Q4 24: 132 bought or addedQ4 24: 103 cut or sold outQ1 25: 170 bought or addedQ1 25: 107 cut or sold outQ1 25Q2 25: 153 bought or addedQ2 25: 131 cut or sold outQ3 25: 150 bought or addedQ3 25: 131 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202310154
Q1 202411573
Q2 202412678
Q3 202414787
Q4 2024132103
Q1 2025170107
Q2 2025153131
Q3 2025150131

Biggest buyers

JOURNEY STRATEGIC WEALTH LLC New +1,097,416+1.1m
STIFEL FINANCIAL CORP Added +419,552+419.6k
JPMORGAN CHASE & CO Added +378,843+378.8k
WELLS FARGO & COMPANY/MN Added +341,366+341.4k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +320,294+320.3k
SCOTIA CAPITAL INC. Added +318,662+318.7k
RAYMOND JAMES FINANCIAL INC Added +226,752+226.8k
Tower Research Capital LLC (TRC) New +217,126+217.1k
MORGAN STANLEY Added +190,799+190.8k
Obermeyer Wealth Partners Added +173,190+173.2k

Biggest sellers

Oxbow Advisors, LLC Reduced -2,030,806-2.0m
Moloney Securities Asset Management, LLC Reduced -677,172-677.2k
LPL Financial LLC Reduced -412,767-412.8k
F/m Investments LLC Reduced -243,949-243.9k
MML INVESTORS SERVICES, LLC Reduced -241,276-241.3k
Wealthcare Advisory Partners LLC Reduced -227,092-227.1k
HighTower Advisors, LLC Reduced -202,504-202.5k
CAPTRUST FINANCIAL ADVISORS Reduced -178,221-178.2k
RIA Advisory Group LLC Sold out -175,044-175.0k
CITADEL ADVISORS LLC Sold out -160,665-160.7k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.14% of their portfolio FORT MILL, SC 9,581,2579.6m $479.1m $479.1m 0.14% Reduced -412.8k -412,767
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 8,779,1838.8m $439.0m $439.0m 0.03% Added +190.8k +190,799
3 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 2,239,1982.2m $112.0m $112.0m 0.04% Added +226.8k +226,752
4 STIFEL FINANCIAL CORP 0.09% of their portfolio ST. LOUIS, MO 2,021,2122.0m $101.1m $101.1m 0.09% Added +419.6k +419,552
5 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.13% of their portfolio PLYMOUTH, MN 1,742,7431.7m $86.9m $86.9m 0.13% Added +320.3k +320,294
6 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,439,8551.4m $72.0m $72.0m 0.01% Added +341.4k +341,366
7 Obermeyer Wealth Partners 2.67% of their portfolio ASPEN, CO 1,142,0721.1m $57.1m $57.1m 2.67% Added +173.2k +173,190
8 JOURNEY STRATEGIC WEALTH LLC 1.55% of their portfolio SUMMIT, NJ 1,097,4161.1m $54.9m $54.9m 1.55% New
9 TOTAL INVESTMENT MANAGEMENT INC 6.54% of their portfolio SCOTTSDALE, AZ 1,005,5161.0m $50.3m $50.3m 6.54% Reduced -18.4k -18,354
10 BENJAMIN EDWARDS INC 0.54% of their portfolio Clayton, MO 955,746955.7k $47.8m $47.8m 0.54% Added +157.9k +157,886
11 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 866,216866.2k $43.3m $43.3m 0.01% Reduced -21.8k -21,757
12 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 816,101816.1k $40.8m $40.8m 0.05% Reduced -97.7k -97,659
13 F/m Investments LLC 1.50% of their portfolio WASHINGTON, DC 777,571777.6k $38.9m $38.9m 1.50% Reduced -243.9k -243,949
14 MML INVESTORS SERVICES, LLC 0.10% of their portfolio SPRINGFIELD, MA 762,665762.7k $38.1m $38.1m 0.10% Reduced -241.3k -241,276
15 UBS Group AG 0.01% of their portfolio ZURICH, V8 731,801731.8k $36.6m $36.6m 0.01% Added +27.9k +27,936
16 Private Advisor Group, LLC 0.17% of their portfolio MORRISTOWN, NJ 693,923693.9k $34.7m $34.7m 0.17% Added +1.9k +1,860
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 530,226530.2k $26.5m $26.5m 0.00% Added +378.8k +378,843
18 SCOTIA CAPITAL INC. 0.11% of their portfolio TORONTO, A6 520,813520.8k $26.0m $26.0m 0.11% Added +318.7k +318,662
19 Revolve Wealth Partners, LLC 3.06% of their portfolio Hackensack, NJ 510,740510.7k $25.5m $25.5m 3.06% Added +24.3k +24,253
20 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 503,649503.6k $25.2m $25.2m 0.07% Added +7.3k +7,313
21 Mariner, LLC 0.03% of their portfolio Overland Park, KS 495,171495.2k $24.8m $24.8m 0.03% Added +137.0k +137,020
22 Integrated Wealth Concepts LLC 0.22% of their portfolio WALTHAM, MA 490,591490.6k $24.5m $24.5m 0.22% Added +16.5k +16,533
23 CENTRAL TRUST Co 0.50% of their portfolio JEFFERSON CITY, MO 473,963474.0k $23.7m $23.7m 0.50% Reduced -30.5k -30,514
24 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 398,888398.9k $19.9m $19.9m 0.02% Added +5.4k +5,444
25 Moloney Securities Asset Management, LLC 2.05% of their portfolio MANCHESTER, MO 345,301345.3k $17.3m $17.3m 2.05% Reduced -677.2k -677,172
26 Family Office Research LLC 7.54% of their portfolio Bethesda, MD 344,828344.8k $17.2m $17.2m 7.54% Added +108.9k +108,882
27 Strong Tower Advisory Services 3.25% of their portfolio MINNEAPOLIS, MN 342,799342.8k $17.1m $17.1m 3.25% Added +135.8k +135,824
28 Steward Partners Investment Advisory, LLC 0.09% of their portfolio STAMFORD, CT 300,117300.1k $15.0m $15.0m 0.09% Added +4.9k +4,860
29 IBEX WEALTH ADVISORS 1.40% of their portfolio BEDMINSTER, NJ 293,321293.3k $14.7m $14.7m 1.40% Added +33.3k +33,306
30 VanWeelden Wealth Management, LLC 11.53% of their portfolio WEST CHESTER TOWNSHIP, OH 280,379280.4k $14.0m $14.0m 11.53% First filing
31 KESTRA PRIVATE WEALTH SERVICES, LLC 0.18% of their portfolio AUSTIN, TX 277,723277.7k $13.9m $13.9m 0.18% Added +46.7k +46,661
32 Mirae Asset Global Investments Co., Ltd. 0.04% of their portfolio SEOUL, M5 260,000260.0k $13.0m $13.0m 0.04% Added +165.7k +165,700
33 Lido Advisors, LLC 0.05% of their portfolio Los Angeles, CA 252,419252.4k $12.6m $12.6m 0.05% Reduced -18.6k -18,562
34 Generation Capital Management LLC 9.12% of their portfolio PITTSFORD, NY 251,903251.9k $12.6m $12.6m 9.12% Reduced -16.6k -16,628
35 GRIES FINANCIAL LLC 1.91% of their portfolio Cleveland, OH 242,146242.1k $12.1m $12.1m 1.91% Reduced -32.1k -32,061
36 Strait & Sound Wealth Management LLC 4.56% of their portfolio SAN FRANCISCO, CA 237,649237.6k $11.9m $11.9m 4.56% Added +5.3k +5,253
37 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 231,406231.4k $11.6m $11.6m 0.05% Reduced -132.6k -132,557
38 Wealthquest Corp 0.90% of their portfolio CINCINNATI, OH 225,576225.6k $11.3m $11.3m 0.90% Reduced -3.4k -3,412
39 Coign Capital Advisors LLC 6.01% of their portfolio Draper, UT 218,317218.3k $10.9m $10.9m 6.01% Added +60.9k +60,906
40 Tower Research Capital LLC (TRC) 0.30% of their portfolio NEW YORK, NY 217,126217.1k $10.9m $10.9m 0.30% New
41 Equitable Holdings, Inc. 0.08% of their portfolio NEW YORK, NY 215,889215.9k $10.8m $10.8m 0.08% Reduced -39.2k -39,172
42 Divergent Planning, LLC 2.76% of their portfolio BETHESDA, MD 207,926207.9k $10.4m $10.4m 2.76% Added +70.1k +70,078
43 Sterling Group Wealth Management, LLC 4.48% of their portfolio PASADENA, CA 181,055181.1k $9.1m $9.1m 4.48% Added +157.5k +157,522
44 Avidian Wealth Enterprises, LLC 0.34% of their portfolio Houston, TX 180,319180.3k $9.0m $9.0m 0.34% Added +23.4k +23,425
45 MONEY CONCEPTS CAPITAL CORP 0.54% of their portfolio PALM BEACH GARDENS, FL 173,976174.0k $8.7m $8.7m 0.54% Added +2.2k +2,172
46 Alpine Bank Wealth Management 1.22% of their portfolio GRAND JUNCTION, CO 173,461173.5k $8.7m $8.7m 1.22% Reduced -16.3k -16,267
47 IFG Advisory, LLC 0.38% of their portfolio ATLANTA, GA 166,887166.9k $8.3m $8.3m 0.38% Added +82.6k +82,593
48 Pinnacle Wealth Management Group, Inc. 4.22% of their portfolio PLYMOUTH, MI 164,683164.7k $8.2m $8.2m 4.22% Added +8.6k +8,617
49 Capital Investment Counsel, Inc 0.93% of their portfolio RALEIGH, NC 151,966152.0k $7.6m $7.6m 0.93% Added +116.1k +116,141
50 B & T Capital Management DBA Alpha Capital Management 1.20% of their portfolio AUSTIN, TX 151,427151.4k $7.6m $7.6m 1.20% Added +34.8k +34,758
51 SYNOVUS FINANCIAL CORP 0.08% of their portfolio Columbus, GA 146,051146.1k $7.3m $7.3m 0.08% Added +10.0k +10,025
52 Wealthstar Advisors, LLC 2.72% of their portfolio Plano, TX 138,089138.1k $6.9m $6.9m 2.72% Added +4.8k +4,800
53 49 WEALTH MANAGEMENT, LLC 0.65% of their portfolio AUSTIN, TX 137,141137.1k $6.9m $6.9m 0.65% Reduced -85.2k -85,156
54 Stratos Wealth Partners, LTD. 0.08% of their portfolio BEACHWOOD, OH 134,028134.0k $6.7m $6.7m 0.08% Reduced -127.6k -127,647
55 Proactive Wealth Strategies LLC 2.85% of their portfolio MARIETTA, GA 132,348132.3k $6.6m $6.6m 2.85% Added +3.9k +3,947
56 RFG Advisory, LLC 0.14% of their portfolio BIRMINGHAM, AL 131,237131.2k $6.6m $6.6m 0.14% Added +5.3k +5,283
57 Fiduciary Alliance LLC 0.43% of their portfolio GREENVILLE, SC 128,123128.1k $6.4m $6.4m 0.43% Added +47.3k +47,323
58 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 126,881126.9k $6.3m $6.3m 0.00% Reduced -5.4k -5,419
59 MANCHESTER FINANCIAL INC 1.27% of their portfolio Westlake Village, CA 126,519126.5k $6.3m $6.3m 1.27% Reduced -1.9k -1,905
60 FLAGSHIP HARBOR ADVISORS, LLC 0.27% of their portfolio BOSTON, MA 124,976125.0k $6.2m $6.2m 0.27% Added +77.4k +77,364
61 FLPUTNAM INVESTMENT MANAGEMENT CO 0.09% of their portfolio PORTLAND, ME 121,701121.7k $6.1m $6.1m 0.09% Reduced -65.8k -65,814
62 Copia Wealth Management 4.37% of their portfolio BEND, OR 117,560117.6k $5.9m $5.9m 4.37% Reduced -6.6k -6,624
63 VISION FINANCIAL MARKETS LLC 4.98% of their portfolio STAMFORD, CT 116,688116.7k $5.8m $5.8m 4.98% Added +7.4k +7,400
64 Clear Creek Financial Management, LLC 0.50% of their portfolio SILVERDALE, WA 116,006116.0k $5.8m $5.8m 0.50% Added +92.8k +92,816
65 Formidable Asset Management, LLC 0.88% of their portfolio CINCINNATI, OH 112,372112.4k $5.6m $5.6m 0.88% Added +8.1k +8,132
66 BOYUM WEALTH ARCHITECTS LLC 3.37% of their portfolio BLOOMINGTON, MN 109,383109.4k $5.5m $5.5m 3.37% Reduced -6.4k -6,364
67 Sovereign Financial Group, Inc. 1.01% of their portfolio STAMFORD, CT 107,797107.8k $5.4m $5.4m 1.01% Reduced -3.8k -3,774
68 First Heartland Consultants, Inc. 0.43% of their portfolio LAKE ST. LOUIS, MO 106,262106.3k $5.3m $5.3m 0.43% Added +8.2k +8,227
69 RETIREMENT CAPITAL STRATEGIES 2.02% of their portfolio SAN JOSE, CA 105,492105.5k $5.3m $5.3m 2.02% Reduced -111.6k -111,576
70 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.61% of their portfolio CONCORD, MA 103,427103.4k $5.2m $5.2m 0.61% Added +347 +347
71 Forum Financial Management, LP 0.07% of their portfolio LOMBARD, IL 101,810101.8k $5.1m $5.1m 0.07% Reduced -1.2k -1,249
72 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 100,107100.1k $5.0m $5.0m 0.00% Reduced -24.1k -24,121
73 Hilton Capital Management, LLC 0.40% of their portfolio Garden City, NY 99,997100.0k $5.0m $5.0m 0.40% Reduced -36.4k -36,388
74 Wealthcare Advisory Partners LLC 0.10% of their portfolio WEST CHESTER, PA 97,57397.6k $4.9m $4.9m 0.10% Reduced -227.1k -227,092
75 Tidal Investments LLC 0.02% of their portfolio Milwaukee, WI 95,71395.7k $4.8m $4.8m 0.02% Reduced -79.1k -79,065
76 Jaffetilchin Investment Partners, LLC 0.28% of their portfolio TAMPA, FL 92,63992.6k $4.6m $4.6m 0.28% Added +10.3k +10,329
77 Ashton Thomas Private Wealth, LLC 0.12% of their portfolio SCOTTSDALE, AZ 91,65591.7k $4.6m $4.6m 0.12% Reduced -20.5k -20,520
78 Global View Capital Management LLC 0.94% of their portfolio WAUKESHA, WI 88,91588.9k $4.4m $4.4m 0.94% Reduced -7.2k -7,227
79 &PARTNERS 0.03% of their portfolio NASHVILLE, TN 88,87788.9k $4.4m $4.4m 0.03% New
80 AdvisorNet Financial, Inc 0.25% of their portfolio MINNETONKA, MN 88,21088.2k $4.4m $4.4m 0.25% Reduced -16.4k -16,400
81 DAVENPORT & Co LLC 0.02% of their portfolio RICHMOND, VA 87,17787.2k $4.4m $4.4m 0.02% Added +14.5k +14,515
82 Founders Financial Alliance, LLC 0.72% of their portfolio RALEIGH, NC 76,71976.7k $3.8m $3.8m 0.72% Added +15.6k +15,591
83 Farther Finance Advisors, LLC 0.06% of their portfolio SAN FRANCISCO, CA 75,00175.0k $3.8m $3.8m 0.06% Added +5.9k +5,915
84 DENVER WEALTH MANAGEMENT, INC. 1.36% of their portfolio DENVER, CO 73,97274.0k $3.7m $3.7m 1.36% Reduced -88.2k -88,163
85 Kraft, Davis & Associates, LLC 0.88% of their portfolio St. Louis, MO 72,41072.4k $3.6m $3.6m 0.88% Added +40.7k +40,703
86 Beacon Pointe Advisors, LLC 0.03% of their portfolio NEWPORT BEACH, CA 69,57469.6k $3.5m $3.5m 0.03% New
87 Parallel Advisors, LLC 0.06% of their portfolio SAN FRANCISCO, CA 69,09569.1k $3.5m $3.5m 0.06% Reduced -5.7k -5,678
88 Concurrent Investment Advisors, LLC 0.06% of their portfolio Tampa, FL 66,72466.7k $3.3m $3.3m 0.06% Reduced -3.5k -3,490
89 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 66,24666.2k $3.3m $3.3m 0.00% Reduced -202.5k -202,504
90 Cypress Capital, LLC 0.94% of their portfolio FRANKLIN, TN 65,90265.9k $3.3m $3.3m 0.94% Reduced -20.4k -20,373
91 INDEPENDENT FINANCIAL GROUP, LLC 0.08% of their portfolio SAN DIEGO, CA 64,08764.1k $3.2m $3.2m 0.08% Reduced -14.7k -14,677
92 Crew Capital Management, Ltd 2.09% of their portfolio CINCINNATI, OH 62,42462.4k $3.1m $3.1m 2.09% Added +14.5k +14,461
93 Longview Financial Advisors, Inc. 2.14% of their portfolio HUNTSVILLE, AL 60,08560.1k $3.0m $3.0m 2.14% Reduced -1.3k -1,290
94 Sigma Planning Corp 0.08% of their portfolio ANN ARBOR, MI 58,92758.9k $2.9m $2.9m 0.08% Reduced -6.6k -6,595
95 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 57,67857.7k $2.9m $2.9m 0.02% Added +25.8k +25,763
96 Koshinski Asset Management, Inc. 0.19% of their portfolio DECATUR, IL 56,36956.4k $2.8m $2.8m 0.19% Reduced -6.5k -6,498
97 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.22% of their portfolio ORLANDO, FL 55,77455.8k $2.8m $2.8m 0.22% Unchanged
98 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 53,85553.9k $2.7m $2.7m 0.00% New
99 Fortis Group Advisors, LLC 0.46% of their portfolio WESTWOOD, NJ 53,37953.4k $2.7m $2.7m 0.46% Reduced -25.7k -25,653
100 GREAT VALLEY ADVISOR GROUP, INC. 0.05% of their portfolio WILMINGTON, DE 53,34353.3k $2.7m $2.7m 0.05% Added +887 +887