Vault-13

RBB FD INC TBIL

US TREAS 3 MNTH · ETP · CUSIP 74933W452

317 institutional holders -4 vs Q1 2026
65,899,09565.9m shares reported held*
$3.3bnreported value*
34 new 122 added 121 reduced 34 sold out net bought ≈ $101.7m (+2.0m 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 Q2 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: 321Q2 26: 317317Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 2026317

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 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 25Q3 25: 150 bought or addedQ3 25: 131 cut or sold outQ4 25: 162 bought or addedQ4 25: 118 cut or sold outQ4 25Q1 26: 158 bought or addedQ1 26: 150 cut or sold outQ2 26: 156 bought or addedQ2 26: 155 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202414787
Q4 2024132103
Q1 2025170107
Q2 2025153131
Q3 2025150131
Q4 2025162118
Q1 2026158150
Q2 2026156155

Biggest buyers

MORGAN STANLEY Added +1,773,481+1.8m
STIFEL FINANCIAL CORP Added +1,166,829+1.2m
Cambridge Investment Research Advisors, Inc. Added +599,538+599.5k
LPL Financial LLC Added +351,312+351.3k
NEUBERGER BERMAN GROUP LLC Added +284,951+285.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +252,531+252.5k
VanWeelden Wealth Management, LLC Added +247,461+247.5k
WELLS FARGO & COMPANY/MN Added +233,238+233.2k
ENVESTNET ASSET MANAGEMENT INC Added +233,186+233.2k
MML INVESTORS SERVICES, LLC Added +213,268+213.3k

Biggest sellers

Independent Advisor Alliance Reduced -1,143,554-1.1m
HighTower Advisors, LLC Reduced -892,566-892.6k
Mirae Asset Global Investments Co., Ltd. Sold out -697,000-697.0k
Stratos Wealth Partners, LTD. Reduced -513,131-513.1k
Wealthquest Corp Reduced -272,201-272.2k
Baird Financial Group, Inc. Sold out -259,371-259.4k
TOTAL INVESTMENT MANAGEMENT INC Reduced -251,964-252.0k
SCOTIA CAPITAL INC. Reduced -156,232-156.2k
Mariner, LLC Reduced -129,137-129.1k
Savvy Advisors, Inc. Reduced -125,736-125.7k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 12,835,60912.8m $640.0m $640.0m 0.03% Added +1.8m +1,773,481
2 LPL Financial LLC 0.13% of their portfolio FORT MILL, SC 11,182,26511.2m $557.5m $557.5m 0.13% Added +351.3k +351,312
3 STIFEL FINANCIAL CORP 0.15% of their portfolio ST. LOUIS, MO 3,551,2193.6m $177.1m $177.1m 0.15% Added +1.2m +1,166,829
4 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 3,542,9753.5m $176.7m $176.7m 0.05% Reduced -36.1k -36,106
5 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 3,354,5953.4m $167.3m $167.3m 0.03% Added +233.2k +233,238
6 Obermeyer Wealth Partners 3.06% of their portfolio ASPEN, CO 1,498,3281.5m $74.7m $74.7m 3.06% Added +100.2k +100,163
7 Private Advisor Group, LLC 0.25% of their portfolio MORRISTOWN, NJ 1,084,8531.1m $54.1m $54.1m 0.25% Added +46.0k +45,974
8 BENJAMIN EDWARDS INC 0.48% of their portfolio Clayton, MO 1,065,5231.1m $53.1m $53.1m 0.48% Added +33.0k +33,000
9 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 994,825994.8k $49.6m $49.6m 0.01% Added +233.2k +233,186
10 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 987,524987.5k $49.2m $49.2m 0.06% Added +599.5k +599,538
11 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 951,425951.4k $47.4m $47.4m 0.06% Added +165.3k +165,285
12 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 896,609896.6k $44.7m $44.7m 0.04% Reduced -892.6k -892,566
13 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.07% of their portfolio PLYMOUTH, MN 833,243833.2k $41.6m $41.6m 0.07% Reduced -16.3k -16,323
14 MML INVESTORS SERVICES, LLC 0.08% of their portfolio SPRINGFIELD, MA 832,046832.0k $41.5m $41.5m 0.08% Added +213.3k +213,268
15 F/m Investments LLC 2.09% of their portfolio WASHINGTON, DC 825,437825.4k $41.2m $41.2m 2.09% Reduced -85.7k -85,705
16 Integrated Wealth Concepts LLC 0.19% of their portfolio WALTHAM, MA 783,276783.3k $39.1m $39.1m 0.19% Added +164.0k +164,049
17 UBS Group AG 0.01% of their portfolio ZURICH, V8 668,134668.1k $33.3m $33.3m 0.01% Reduced -20.8k -20,760
18 Equitable Holdings, Inc. 0.20% of their portfolio NEW YORK, NY 655,209655.2k $32.7m $32.7m 0.20% Reduced -122.7k -122,663
19 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 590,929590.9k $29.5m $29.5m 0.02% Added +285.0k +284,951
20 Steward Partners Investment Advisory, LLC 0.14% of their portfolio STAMFORD, CT 562,324562.3k $28.0m $28.0m 0.14% Added +2.8k +2,827
21 Capital Investment Counsel, Inc 2.84% of their portfolio RALEIGH, NC 528,870528.9k $26.4m $26.4m 2.84% Added +70.1k +70,091
22 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 472,998473.0k $23.6m $23.6m 0.02% Added +28.7k +28,659
23 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 425,965426.0k $21.2m $21.2m 0.01% Added +124.5k +124,528
24 Kestra Advisory Services, LLC 0.06% of their portfolio AUSTIN, TX 399,088399.1k $19.9m $19.9m 0.06% Reduced -10.9k -10,933
25 IBEX WEALTH ADVISORS 1.52% of their portfolio BEDMINSTER, NJ 390,210390.2k $19.5m $19.5m 1.52% Reduced -616 -616
26 CENTRAL TRUST Co 0.35% of their portfolio JEFFERSON CITY, MO 385,887385.9k $19.2m $19.2m 0.35% Added +6.9k +6,932
27 Stratos Wealth Partners, LTD. 0.19% of their portfolio BEACHWOOD, OH 384,417384.4k $19.2m $19.2m 0.19% Reduced -513.1k -513,131
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 356,748356.7k $17.8m $17.8m 0.00% Reduced -61.5k -61,525
29 Savvy Advisors, Inc. 0.37% of their portfolio NEW YORK, NY 347,022347.0k $17.3m $17.3m 0.37% Reduced -125.7k -125,736
30 FLPUTNAM INVESTMENT MANAGEMENT CO 0.21% of their portfolio PORTLAND, ME 345,273345.3k $17.2m $17.2m 0.21% Reduced -70.1k -70,094
31 Proactive Wealth Strategies LLC 2.66% of their portfolio MARIETTA, GA 332,352332.4k $16.6m $16.6m 2.66% Added +1.3k +1,331
32 B & T Capital Management DBA Alpha Capital Management 2.13% of their portfolio AUSTIN, TX 326,051326.1k $16.3m $16.3m 2.13% Added +204.2k +204,166
33 Mariner, LLC 0.02% of their portfolio Overland Park, KS 314,923314.9k $15.7m $15.7m 0.02% Reduced -129.1k -129,137
34 Sterling Group Wealth Management, LLC 5.99% of their portfolio PASADENA, CA 292,952293.0k $14.6m $14.6m 5.99% Added +17.6k +17,650
35 Alpine Bank Wealth Management 1.87% of their portfolio GRAND JUNCTION, CO 292,448292.4k $14.6m $14.6m 1.87% Added +72.2k +72,236
36 Family Office Research LLC 5.20% of their portfolio Bethesda, MD 278,261278.3k $13.9m $13.9m 5.20% Added +46.6k +46,649
37 Arax Advisory Partners 0.09% of their portfolio NEW YORK, NY 266,155266.2k $13.3m $13.3m 0.09% Added +157.8k +157,849
38 Avidian Wealth Enterprises, LLC 0.37% of their portfolio Houston, TX 264,283264.3k $13.2m $13.2m 0.37% Reduced -21.5k -21,491
39 MBL Wealth, LLC 0.88% of their portfolio CHARLOTTE, NC 258,051258.1k $12.9m $12.9m 0.88% Added +33.2k +33,184
40 VanWeelden Wealth Management, LLC 9.43% of their portfolio WEST CHESTER TOWNSHIP, OH 254,378254.4k $12.7m $12.7m 9.43% Added +247.5k +247,461
41 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 252,531252.5k $12.6m $12.6m 0.01% New
42 Generation Capital Management LLC 7.69% of their portfolio PITTSFORD, NY 251,388251.4k $12.5m $12.5m 7.69% Reduced -7.3k -7,259
43 Strait & Sound Wealth Management LLC 4.28% of their portfolio SAN FRANCISCO, CA 243,992244.0k $12.2m $12.2m 4.28% Added +5.2k +5,217
44 Tidal Investments LLC 0.03% of their portfolio Milwaukee, WI 235,703235.7k $11.8m $11.8m 0.03% Reduced -85.0k -85,048
45 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 233,332233.3k $11.6m $11.6m 0.01% Added +48.0k +48,018
46 TCFG Investment Advisors, LLC 3.86% of their portfolio LAGUNA NIGUEL, CA 229,915229.9k $11.5m $11.5m 3.86% Reduced -70.2k -70,155
47 Wealthquest Corp 0.70% of their portfolio CINCINNATI, OH 221,786221.8k $11.1m $11.1m 0.70% Reduced -272.2k -272,201
48 Pinnacle Financial Partners, Inc. 0.07% of their portfolio ATLANTA, GA 219,117219.1k $10.9m $10.9m 0.07% Reduced -58.8k -58,780
49 EP Wealth Advisors, LLC 0.04% of their portfolio TORRANCE, CA 201,407201.4k $10.0m $10.0m 0.04% Reduced -12.5k -12,490
50 Revolve Wealth Partners, LLC 1.01% of their portfolio Hackensack, NJ 194,142194.1k $9.7m $9.7m 1.01% Added +62.3k +62,270
51 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 191,818191.8k $9.6m $9.6m 0.01% Added +121.8k +121,768
52 SCOTIA CAPITAL INC. 0.04% of their portfolio TORONTO, A6 191,640191.6k $9.6m $9.6m 0.04% Reduced -156.2k -156,232
53 Intrua Financial, LLC 0.85% of their portfolio Houston, TX 179,161179.2k $8.9m $8.9m 0.85% Added +60.5k +60,537
54 MONEY CONCEPTS CAPITAL CORP 0.41% of their portfolio PALM BEACH GARDENS, FL 176,293176.3k $8.8m $8.8m 0.41% Added +1.1k +1,104
55 Western Wealth Management, LLC 0.28% of their portfolio GOLDEN, CO 171,661171.7k $8.6m $8.6m 0.28% Reduced -13.5k -13,522
56 Apella Capital, LLC 0.12% of their portfolio WEST HARTFORD, CT 171,558171.6k $8.6m $8.6m 0.12% Added +37.4k +37,394
57 Coign Capital Advisors LLC 3.84% of their portfolio Draper, UT 171,315171.3k $8.5m $8.5m 3.84% Reduced -13.5k -13,513
58 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 167,283167.3k $8.3m $8.3m 0.00% Added +13.2k +13,228
59 RFG Advisory, LLC 0.13% of their portfolio BIRMINGHAM, AL 161,207161.2k $8.0m $8.0m 0.13% Added +7.6k +7,567
60 Wealthspire Retirement, LLC 0.41% of their portfolio ALISO VIEJO, CA 150,849150.8k $7.5m $7.5m 0.41% Reduced -10.9k -10,881
61 Spinnaker Investment Group, LLC 1.20% of their portfolio Newport Beach, CA 150,256150.3k $7.5m $7.5m 1.20% Added +56.9k +56,929
62 First Heartland Consultants, Inc. 0.47% of their portfolio LAKE ST. LOUIS, MO 145,921145.9k $7.3m $7.3m 0.47% Added +10.8k +10,781
63 Clear Creek Financial Management, LLC 0.46% of their portfolio SILVERDALE, WA 143,368143.4k $7.1m $7.1m 0.46% Added +4.8k +4,757
64 Hilton Capital Management, LLC 0.48% of their portfolio Garden City, NY 141,340141.3k $7.0m $7.0m 0.48% Added +46.3k +46,295
65 TOTAL INVESTMENT MANAGEMENT INC 0.73% of their portfolio SCOTTSDALE, AZ 139,261139.3k $6.9m $6.9m 0.73% Reduced -252.0k -251,964
66 &PARTNERS 0.03% of their portfolio NASHVILLE, TN 137,090137.1k $6.8m $6.8m 0.03% Reduced -5.4k -5,366
67 AE Wealth Management LLC 0.03% of their portfolio TOPEKA, KS 131,916131.9k $6.6m $6.6m 0.03% Added +82.3k +82,254
68 Pinnacle Wealth Management Group, Inc. 2.91% of their portfolio PLYMOUTH, MI 125,083125.1k $6.2m $6.2m 2.91% Added +904 +904
69 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 124,890124.9k $6.2m $6.2m 0.01% Added +93.6k +93,575
70 Cypress Capital, LLC 1.62% of their portfolio FRANKLIN, TN 119,748119.7k $6.0m $6.0m 1.62% Added +14.2k +14,175
71 Ameritas Advisory Services, LLC 0.12% of their portfolio Lincoln, NE 116,773116.8k $5.8m $5.8m 0.12% Added +72.5k +72,478
72 IFG Advisory, LLC 0.20% of their portfolio ATLANTA, GA 112,142112.1k $5.6m $5.6m 0.20% Added +111.8k +111,841
73 Farther Finance Advisors, LLC 0.04% of their portfolio SAN FRANCISCO, CA 106,276106.3k $5.3m $5.3m 0.04% Added +14.0k +13,990
74 KINGSWOOD WEALTH ADVISORS, LLC 0.21% of their portfolio SAN DIEGO, CA 105,736105.7k $5.3m $5.3m 0.21% Added +77.4k +77,428
75 Founders Financial Alliance, LLC 0.70% of their portfolio RALEIGH, NC 105,550105.5k $5.3m $5.3m 0.70% Added +3.9k +3,912
76 Fortis Group Advisors, LLC 0.81% of their portfolio WESTWOOD, NJ 102,248102.2k $5.1m $5.1m 0.81% Reduced -16.4k -16,369
77 SUCCESSION FINANCIAL, INC. 4.68% of their portfolio MCKINNEY, TX 96,71496.7k $4.8m $4.8m 4.68% First filing
78 Sovereign Financial Group, Inc. 0.73% of their portfolio STAMFORD, CT 96,29996.3k $4.8m $4.8m 0.73% Reduced -9.3k -9,265
79 VISION FINANCIAL MARKETS LLC 4.14% of their portfolio STAMFORD, CT 95,68595.7k $4.8m $4.8m 4.14% Reduced -7.4k -7,403
80 Forum Financial Management, LP 0.06% of their portfolio LOMBARD, IL 95,59095.6k $4.8m $4.8m 0.06% Reduced -400 -400
81 Beacon Pointe Advisors, LLC 0.02% of their portfolio NEWPORT BEACH, CA 89,30689.3k $4.5m $4.5m 0.02% Added +14.0k +13,974
82 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 80,55380.6k $4.0m $4.0m 0.01% Added +27.5k +27,498
83 Global View Capital Management LLC 0.82% of their portfolio WAUKESHA, WI 79,66479.7k $4.0m $4.0m 0.82% Added +3.5k +3,458
84 DAVENPORT & Co LLC 0.02% of their portfolio RICHMOND, VA 79,58979.6k $4.0m $4.0m 0.02% Reduced -3.4k -3,364
85 Sage Mountain Advisors LLC 0.24% of their portfolio ATLANTA, GA 78,92278.9k $3.9m $3.9m 0.24% Added +46.7k +46,719
86 Wealthcare Advisory Partners LLC 0.07% of their portfolio WEST CHESTER, PA 75,13475.1k $3.7m $3.7m 0.07% Reduced -13.7k -13,678
87 Formidable Asset Management, LLC 0.59% of their portfolio CINCINNATI, OH 74,45974.5k $3.7m $3.7m 0.59% Reduced -2.4k -2,444
88 Copia Wealth Management 2.16% of their portfolio BEND, OR 72,22472.2k $3.6m $3.6m 2.16% Reduced -6.5k -6,485
89 Mutual Advisors, LLC 0.07% of their portfolio OMAHA, NE 71,75671.8k $3.6m $3.6m 0.07% Reduced -1.0k -1,035
90 Arkadios Wealth Advisors 0.05% of their portfolio ATLANTA, GA 67,48067.5k $3.4m $3.4m 0.05% New
91 Independent Advisor Alliance 0.08% of their portfolio CHARLOTTE, NC 66,45266.5k $3.3m $3.3m 0.08% Reduced -1.1m -1,143,554
92 MATAURO, LLC 0.43% of their portfolio NEW YORK, NY 64,55264.6k $3.2m $3.2m 0.43% Reduced -3.2k -3,236
93 World Investment Advisors 0.05% of their portfolio LINCROFT, NJ 58,61358.6k $2.9m $2.9m 0.05% Reduced -33.7k -33,737
94 MGO ONE SEVEN LLC 0.05% of their portfolio Beachwood, OH 56,93556.9k $2.8m $2.8m 0.05% Added +4.7k +4,739
95 Bright Futures Wealth Management, LLC. 1.81% of their portfolio WEBSTER, NY 14580, NY 56,14056.1k $2.8m $2.8m 1.81% Reduced -15.1k -15,113
96 INDEPENDENT FINANCIAL GROUP, LLC 0.05% of their portfolio SAN DIEGO, CA 56,12056.1k $2.8m $2.8m 0.05% Reduced -6.8k -6,814
97 Rockport Wealth LLC 0.47% of their portfolio Fairview Park, OH 56,09556.1k $2.8m $2.8m 0.47% Added +46.1k +46,066
98 KESTRA PRIVATE WEALTH SERVICES, LLC 0.03% of their portfolio AUSTIN, TX 54,18754.2k $2.7m $2.7m 0.03% Reduced -49.7k -49,734
99 FLAGSHIP HARBOR ADVISORS, LLC 0.10% of their portfolio BOSTON, MA 52,72752.7k $2.6m $2.6m 0.10% Reduced -18.4k -18,417
100 Crew Capital Management, Ltd 1.43% of their portfolio CINCINNATI, OH 52,41852.4k $2.6m $2.6m 1.43% Reduced -5.1k -5,127