Vault-13

RBB FD INC TBIL

US TREAS 3 MNTH · ETP · CUSIP 74933W452

321 institutional holders +15 vs Q4 2025
65,046,76165.0m shares reported held*
$3.2bnreported value*
40 new 118 added 124 reduced 26 sold out net bought ≈ $421.9m (+8.4m 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 ≈ $49.86.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q3 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: 286Q4 25: 306Q1 26: 321321Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 2025306
Q1 2026321

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 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 25Q4 25: 162 bought or addedQ4 25: 118 cut or sold outQ1 26: 158 bought or addedQ1 26: 150 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202412678
Q3 202414787
Q4 2024132103
Q1 2025170107
Q2 2025153131
Q3 2025150131
Q4 2025162118
Q1 2026158150

Biggest buyers

HighTower Advisors, LLC Added +1,727,408+1.7m
WELLS FARGO & COMPANY/MN Added +1,248,473+1.2m
MORGAN STANLEY Added +1,247,177+1.2m
RAYMOND JAMES FINANCIAL INC Added +1,185,938+1.2m
Independent Advisor Alliance Added +1,158,816+1.2m
LPL Financial LLC Added +1,011,336+1.0m
Stratos Wealth Partners, LTD. Added +774,049+774.0k
Equitable Holdings, Inc. Added +561,771+561.8k
Savvy Advisors, Inc. Added +464,092+464.1k
Integrated Wealth Concepts LLC Added +441,322+441.3k

Biggest sellers

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -1,005,767-1.0m
MML INVESTORS SERVICES, LLC Reduced -635,054-635.1k
Mariner, LLC Reduced -607,908-607.9k
TOTAL INVESTMENT MANAGEMENT INC Reduced -601,649-601.6k
AQR CAPITAL MANAGEMENT LLC Reduced -453,334-453.3k
Revolve Wealth Partners, LLC Reduced -353,700-353.7k
VanWeelden Wealth Management, LLC Reduced -276,701-276.7k
JOURNEY STRATEGIC WEALTH LLC Reduced -233,813-233.8k
IFG Advisory, LLC Reduced -187,689-187.7k
KESTRA PRIVATE WEALTH SERVICES, LLC Reduced -165,329-165.3k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 11,062,12811.1m $551.6m $551.6m 0.03% Added +1.2m +1,247,177
2 LPL Financial LLC 0.14% of their portfolio FORT MILL, SC 10,830,95310.8m $540.0m $540.0m 0.14% Added +1.0m +1,011,336
3 RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio ST. PETERSBURG, FL 3,579,0813.6m $178.5m $178.5m 0.06% Added +1.2m +1,185,938
4 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 3,121,3573.1m $155.6m $155.6m 0.03% Added +1.2m +1,248,473
5 STIFEL FINANCIAL CORP 0.11% of their portfolio ST. LOUIS, MO 2,384,3902.4m $118.9m $118.9m 0.11% Added +314.7k +314,743
6 HighTower Advisors, LLC 0.09% of their portfolio CHICAGO, IL 1,789,1751.8m $89.2m $89.2m 0.09% Added +1.7m +1,727,408
7 Obermeyer Wealth Partners 3.21% of their portfolio ASPEN, CO 1,398,1651.4m $69.7m $69.7m 3.21% Added +69.3k +69,316
8 Independent Advisor Alliance 0.65% of their portfolio CHARLOTTE, NC 1,210,0061.2m $60.3m $60.3m 0.65% Added +1.2m +1,158,816
9 Private Advisor Group, LLC 0.24% of their portfolio MORRISTOWN, NJ 1,038,8791.0m $51.8m $51.8m 0.24% Added +236.4k +236,385
10 BENJAMIN EDWARDS INC 0.51% of their portfolio Clayton, MO 1,032,5231.0m $51.5m $51.5m 0.51% Reduced -10.1k -10,065
11 F/m Investments LLC 3.02% of their portfolio WASHINGTON, DC 911,142911.1k $45.4m $45.4m 3.02% Added +108.7k +108,714
12 Stratos Wealth Partners, LTD. 0.51% of their portfolio BEACHWOOD, OH 897,548897.5k $44.8m $44.8m 0.51% Added +774.0k +774,049
13 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.09% of their portfolio PLYMOUTH, MN 849,566849.6k $42.4m $42.4m 0.09% Reduced -1.0m -1,005,767
14 JOURNEY STRATEGIC WEALTH LLC 1.03% of their portfolio SUMMIT, NJ 832,583832.6k $41.5m $41.5m 1.03% Reduced -233.8k -233,813
15 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 786,140786.1k $39.2m $39.2m 0.05% Reduced -69.9k -69,860
16 Equitable Holdings, Inc. 0.25% of their portfolio NEW YORK, NY 777,872777.9k $38.8m $38.8m 0.25% Added +561.8k +561,771
17 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 761,639761.6k $38.0m $38.0m 0.01% Reduced -152.7k -152,703
18 Mirae Asset Global Investments Co., Ltd. 0.10% of their portfolio SEOUL, M5 697,000697.0k $34.8m $34.8m 0.10% Reduced -16.0k -16,000
19 UBS Group AG 0.01% of their portfolio ZURICH, V8 688,894688.9k $34.3m $34.3m 0.01% Added +9.2k +9,230
20 Integrated Wealth Concepts LLC 0.25% of their portfolio WALTHAM, MA 619,227619.2k $30.9m $30.9m 0.25% Added +441.3k +441,322
21 MML INVESTORS SERVICES, LLC 0.09% of their portfolio SPRINGFIELD, MA 618,778618.8k $30.9m $30.9m 0.09% Reduced -635.1k -635,054
22 Steward Partners Investment Advisory, LLC 0.14% of their portfolio STAMFORD, CT 559,497559.5k $27.9m $27.9m 0.14% Added +225.0k +224,969
23 Wealthquest Corp 0.90% of their portfolio CINCINNATI, OH 493,987494.0k $24.6m $24.6m 0.90% Added +243.8k +243,785
24 Savvy Advisors, Inc. 0.63% of their portfolio NEW YORK, NY 472,758472.8k $23.6m $23.6m 0.63% Added +464.1k +464,092
25 Capital Investment Counsel, Inc 2.80% of their portfolio RALEIGH, NC 458,779458.8k $22.9m $22.9m 2.80% Added +197.4k +197,394
26 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 444,339444.3k $22.2m $22.2m 0.02% Added +34.6k +34,639
27 Mariner, LLC 0.03% of their portfolio Overland Park, KS 444,060444.1k $22.1m $22.1m 0.03% Reduced -607.9k -607,908
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 418,273418.3k $20.9m $20.9m 0.00% Added +205.7k +205,667
29 FLPUTNAM INVESTMENT MANAGEMENT CO 0.31% of their portfolio PORTLAND, ME 415,367415.4k $20.7m $20.7m 0.31% Added +269.7k +269,733
30 Kestra Advisory Services, LLC 0.08% of their portfolio AUSTIN, TX 410,021410.0k $20.4m $20.4m 0.08% Added +192.9k +192,913
31 TOTAL INVESTMENT MANAGEMENT INC 2.27% of their portfolio SCOTTSDALE, AZ 391,225391.2k $19.5m $19.5m 2.27% Reduced -601.6k -601,649
32 IBEX WEALTH ADVISORS 1.81% of their portfolio BEDMINSTER, NJ 390,826390.8k $19.5m $19.5m 1.81% Added +64.2k +64,226
33 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 387,986388.0k $19.3m $19.3m 0.05% Reduced -118.1k -118,144
34 CENTRAL TRUST Co 0.37% of their portfolio JEFFERSON CITY, MO 378,955379.0k $18.9m $18.9m 0.37% Reduced -50.0k -49,974
35 SCOTIA CAPITAL INC. 0.07% of their portfolio TORONTO, A6 347,872347.9k $17.3m $17.3m 0.07% Reduced -41.2k -41,151
36 Proactive Wealth Strategies LLC 3.10% of their portfolio MARIETTA, GA 331,021331.0k $16.5m $16.5m 3.10% Added +186.4k +186,366
37 Tidal Investments LLC 0.05% of their portfolio Milwaukee, WI 320,751320.8k $16.0m $16.0m 0.05% Added +219.3k +219,323
38 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 305,978306.0k $15.3m $15.3m 0.01% Added +155.1k +155,106
39 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 301,437301.4k $15.0m $15.0m 0.01% Reduced -453.3k -453,334
40 TCFG WEALTH MANAGEMENT, LLC 5.59% of their portfolio LAGUNA NIGUEL, CA 300,070300.1k $15.0m $15.0m 5.59% Added +295.4k +295,445
41 TCFG Investment Advisors, LLC 5.59% of their portfolio LAGUNA NIGUEL, CA 300,070300.1k $15.0m $15.0m 5.59% First filing
42 Avidian Wealth Enterprises, LLC 0.45% of their portfolio Houston, TX 285,774285.8k $14.2m $14.2m 0.45% Reduced -13.3k -13,321
43 Pinnacle Financial Partners, Inc. 0.11% of their portfolio ATLANTA, GA 277,897277.9k $13.9m $13.9m 0.11% Added +76.9k +76,917
44 Sterling Group Wealth Management, LLC 6.49% of their portfolio PASADENA, CA 275,302275.3k $13.7m $13.7m 6.49% Added +46.8k +46,821
45 Baird Financial Group, Inc. 0.02% of their portfolio MILWAUKEE, WI 259,371259.4k $12.9m $12.9m 0.02% Added +69.4k +69,361
46 Generation Capital Management LLC 9.42% of their portfolio PITTSFORD, NY 258,647258.6k $12.9m $12.9m 9.42% Reduced -2.0k -2,046
47 Strait & Sound Wealth Management LLC 4.54% of their portfolio SAN FRANCISCO, CA 238,775238.8k $11.9m $11.9m 4.54% Added +17.1k +17,111
48 Family Office Research LLC 5.02% of their portfolio Bethesda, MD 231,612231.6k $11.5m $11.5m 5.02% Reduced -36.5k -36,468
49 MBL Wealth, LLC 0.85% of their portfolio CHARLOTTE, NC 224,867224.9k $11.2m $11.2m 0.85% Added +73.4k +73,370
50 Alpine Bank Wealth Management 1.60% of their portfolio GRAND JUNCTION, CO 220,212220.2k $11.0m $11.0m 1.60% Reduced -2.7k -2,743
51 EP Wealth Advisors, LLC 0.05% of their portfolio TORRANCE, CA 213,897213.9k $10.7m $10.7m 0.05% Added +206.8k +206,778
52 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 185,314185.3k $9.2m $9.2m 0.01% Added +81.6k +81,606
53 Western Wealth Management, LLC 0.35% of their portfolio GOLDEN, CO 185,183185.2k $9.2m $9.2m 0.35% New
54 Coign Capital Advisors LLC 4.84% of their portfolio Draper, UT 184,828184.8k $9.2m $9.2m 4.84% Reduced -3.5k -3,537
55 MONEY CONCEPTS CAPITAL CORP 0.48% of their portfolio PALM BEACH GARDENS, FL 175,189175.2k $8.7m $8.7m 0.48% Added +4.7k +4,665
56 Wealthspire Retirement, LLC 0.48% of their portfolio ALISO VIEJO, CA 161,730161.7k $8.1m $8.1m 0.48% Added +154.2k +154,195
57 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 154,055154.1k $7.7m $7.7m 0.00% Added +4.3k +4,308
58 RFG Advisory, LLC 0.14% of their portfolio BIRMINGHAM, AL 153,640153.6k $7.7m $7.7m 0.14% Added +4.1k +4,097
59 &PARTNERS 0.04% of their portfolio NASHVILLE, TN 142,456142.5k $7.1m $7.1m 0.04% Added +48.0k +47,953
60 Clear Creek Financial Management, LLC 0.53% of their portfolio SILVERDALE, WA 138,611138.6k $6.9m $6.9m 0.53% Reduced -3.6k -3,631
61 First Heartland Consultants, Inc. 0.52% of their portfolio LAKE ST. LOUIS, MO 135,140135.1k $6.7m $6.7m 0.52% Added +19.0k +18,981
62 Apella Capital, LLC 0.10% of their portfolio WEST HARTFORD, CT 134,164134.2k $6.7m $6.7m 0.10% New
63 Revolve Wealth Partners, LLC 0.85% of their portfolio Hackensack, NJ 131,872131.9k $6.6m $6.6m 0.85% Reduced -353.7k -353,700
64 Pinnacle Wealth Management Group, Inc. 3.04% of their portfolio PLYMOUTH, MI 124,179124.2k $6.2m $6.2m 3.04% Reduced -43.8k -43,812
65 MANCHESTER FINANCIAL INC 1.19% of their portfolio Westlake Village, CA 123,867123.9k $6.2m $6.2m 1.19% Reduced -3.5k -3,464
66 B & T Capital Management DBA Alpha Capital Management 0.88% of their portfolio AUSTIN, TX 121,885121.9k $6.1m $6.1m 0.88% Reduced -55.9k -55,857
67 Intrua Financial, LLC 0.63% of their portfolio Houston, TX 118,624118.6k $5.9m $5.9m 0.63% Added +103.0k +103,015
68 Fortis Group Advisors, LLC 0.98% of their portfolio WESTWOOD, NJ 118,617118.6k $5.9m $5.9m 0.98% Added +63.3k +63,300
69 Fiduciary Alliance LLC 0.34% of their portfolio GREENVILLE, SC 112,975113.0k $5.6m $5.6m 0.34% Reduced -9.9k -9,864
70 Arax Advisory Partners 0.15% of their portfolio NEW YORK, NY 108,306108.3k $5.4m $5.4m 0.15% New
71 Jaffetilchin Investment Partners, LLC 0.32% of their portfolio TAMPA, FL 106,883106.9k $5.3m $5.3m 0.32% Added +6.5k +6,530
72 Cypress Capital, LLC 1.50% of their portfolio FRANKLIN, TN 105,573105.6k $5.3m $5.3m 1.50% Added +330 +330
73 Sovereign Financial Group, Inc. 0.92% of their portfolio STAMFORD, CT 105,564105.6k $5.3m $5.3m 0.92% Reduced -12.3k -12,343
74 KESTRA PRIVATE WEALTH SERVICES, LLC 0.06% of their portfolio AUSTIN, TX 103,921103.9k $5.2m $5.2m 0.06% Reduced -165.3k -165,329
75 VISION FINANCIAL MARKETS LLC 5.02% of their portfolio STAMFORD, CT 103,088103.1k $5.1m $5.1m 5.02% Reduced -17.0k -17,000
76 Founders Financial Alliance, LLC 0.91% of their portfolio RALEIGH, NC 101,638101.6k $5.1m $5.1m 0.91% Added +2.6k +2,572
77 Forum Financial Management, LP 0.07% of their portfolio LOMBARD, IL 95,99096.0k $4.8m $4.8m 0.07% Added +1 +1
78 Hilton Capital Management, LLC 0.36% of their portfolio Garden City, NY 95,04595.0k $4.7m $4.7m 0.36% Reduced -2.6k -2,590
79 Spinnaker Investment Group, LLC 0.95% of their portfolio Newport Beach, CA 93,32793.3k $4.7m $4.7m 0.95% Reduced -9.9k -9,880
80 Ashton Thomas Private Wealth, LLC 0.11% of their portfolio SCOTTSDALE, AZ 93,30493.3k $4.7m $4.7m 0.11% Added +8.2k +8,245
81 World Investment Advisors 0.07% of their portfolio LINCROFT, NJ 92,35092.3k $4.6m $4.6m 0.07% Reduced -317 -317
82 Farther Finance Advisors, LLC 0.04% of their portfolio SAN FRANCISCO, CA 92,28692.3k $4.6m $4.6m 0.04% Added +12.0k +12,016
83 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 90,83890.8k $4.5m $4.5m 0.02% Reduced -161.6k -161,581
84 Wealthcare Advisory Partners LLC 0.09% of their portfolio WEST CHESTER, PA 88,81288.8k $4.4m $4.4m 0.09% Reduced -6.9k -6,864
85 DAVENPORT & Co LLC 0.02% of their portfolio RICHMOND, VA 82,95383.0k $4.1m $4.1m 0.02% Reduced -3.2k -3,190
86 Copia Wealth Management 2.70% of their portfolio BEND, OR 78,70978.7k $3.9m $3.9m 2.70% Reduced -26.9k -26,914
87 Formidable Asset Management, LLC 0.59% of their portfolio CINCINNATI, OH 76,90376.9k $3.8m $3.8m 0.59% Reduced -12.3k -12,267
88 Global View Capital Management LLC 1.01% of their portfolio WAUKESHA, WI 76,20676.2k $3.8m $3.8m 1.01% Reduced -5.6k -5,589
89 Beacon Pointe Advisors, LLC 0.02% of their portfolio NEWPORT BEACH, CA 75,33275.3k $3.8m $3.8m 0.02% Added +4.6k +4,648
90 Mutual Advisors, LLC 0.08% of their portfolio OMAHA, NE 72,79172.8k $3.6m $3.6m 0.08% Added +43.2k +43,166
91 Bright Futures Wealth Management, LLC. 2.43% of their portfolio WEBSTER, NY 14580, NY 71,25371.3k $3.6m $3.6m 2.43% New
92 FLAGSHIP HARBOR ADVISORS, LLC 0.16% of their portfolio BOSTON, MA 71,14471.1k $3.5m $3.5m 0.16% Reduced -34.7k -34,721
93 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 70,05070.0k $3.5m $3.5m 0.00% Added +23.7k +23,739
94 MATAURO, LLC 0.49% of their portfolio NEW YORK, NY 67,78867.8k $3.4m $3.4m 0.49% Added +4.6k +4,571
95 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.40% of their portfolio CONCORD, MA 65,74365.7k $3.3m $3.3m 0.40% Reduced -38.9k -38,911
96 Parallel Advisors, LLC 0.06% of their portfolio SAN FRANCISCO, CA 65,22765.2k $3.3m $3.3m 0.06% Added +7.6k +7,593
97 INDEPENDENT FINANCIAL GROUP, LLC 0.07% of their portfolio SAN DIEGO, CA 62,93462.9k $3.1m $3.1m 0.07% Reduced -7.1k -7,125
98 Kingsview Wealth Management, LLC 0.04% of their portfolio GRANTS PASS, OR 62,41962.4k $3.1m $3.1m 0.04% Added +55.1k +55,124
99 Crew Capital Management, Ltd 1.90% of their portfolio CINCINNATI, OH 57,54557.5k $2.9m $2.9m 1.90% Reduced -9.3k -9,318
100 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 53,05553.1k $2.6m $2.6m 0.01% Added +8.9k +8,946