Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Spdr Series Trust (BIL)

1K + Investors. Track Smart Money conviction in BIL. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -14
Streak
1Q ▼
Buyers last Q
45%

Smart Money Signals — BIL

Based on 1298 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their BIL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
1,298 hedge funds hold BIL right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +12% more funds vs a year ago

fund count last 6Q
+139 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 45% buying

612 buying740 selling
Last quarter: 740 funds reduced or exited vs 612 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-53 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 127 → 194 → 193 → 140. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 24% medium ■ 18% new
751 out of 1,298 hedge funds have held BIL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~140 new funds/quarter

132 → 127 → 194 → 193 → 140 new funds/Q
New funds entering each quarter: 127 → 194 → 193 → 140. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 60% veterans vs 23% newcomers

■ 60% veterans ■ 18% 1-2yr ■ 23% new
Entry-cohort mix of 1,302 holders: 776 (60%) are 2+ year veterans, 228 entered 1–2 years ago, and 298 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 42% AUM from top-100 funds

42% from top-100 AUM funds
39 of 1295 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in BIL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BIL

In 2026 Q2, 612 hedge funds were net buyers of BIL (140 opened a new position, 472 added to an existing one), while 740 reduced or exited (586 trimmed, 154 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. 42% of total institutional value in BIL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -14 funds (more exits than new entries). Total institutional holders: 1298.

Hedge Fund Ownership: BIL

How many hedge funds hold BIL — quarterly history vs. share price
Quarterly hedge fund ownership of BIL vs. share price

Market Analysis: BIL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BIL

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Spdr Series Trust (BIL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BIL has moved relative to its sector benchmark (SPY) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 88d ago
BIL
-0.1%
SPY
+5.8%

BIL outperformed SPY by -5.9% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 43d ago
BIL
+0.4%
SPY
+1.6%

Since the filing became public, BIL outperformed SPY by -1.2% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

25 top-rated funds 99 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
5.1
/ 10
conviction
Hedge Fund Positioning: BIL
1K + Investors

Track Smart Money conviction in BIL. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 1283 1312 -2.21%
13F Shares 272M 318M -14.41%
Total Value $24.49B $28.56B -14.28%
New Positions 132 193 -61
Increased Positions 471 570 -99
Closed Positions 158 101 +57
Reduced Positions 581 465 +116
Total Calls 2 2 -
Total Puts 2 2 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: BIL

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BIL. Verified SEC 13F-HR filings.

QUARTER:
Top 25 BIL holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Innovative Advisory Group, LLC 63.01% 906,892 $83.1M
2 Savior LLC 38.56% 146,709 $13.4M
3 North Capital, Inc. 25.90% 374,163 $34.3M
4 3EDGE Asset Management, LP 19.23% 4,705,270 $431.2M
5 Second Half Financial Partners, LLC 17.63% 469,315 $43.0M
6 Pacific Point Advisors, LLC 17.53% 418,822 $38.4M
7 BTS Asset Management, Inc. 17.38% 89,960 $8.2M
8 Permanens Capital L.P. 16.75% 1,777,681 $162.9M
9 Samara Investment Management, LLC 16.22% 192,412 $17.6M
10 Zinnia Wealth Advisory, LLC 16.15% 172,779 $15.8M
11 Ebert Capital Management Inc. 15.06% 175,107 $16.0M
12 Impact Partnership Wealth, LLC 15.04% 1,688,043 $154.7M
13 Heritage Oak Wealth Advisors LLC 13.69% 507,570 $46.5M
14 Hibernia Wealth Partners, LLC 12.69% 255,781 $23.4M
15 Hippocratic Financial Advisors, LLC 12.57% 363,706 $33.3M
16 Alethea Capital Management, LLC 12.32% 324,526 $29.7M
17 Udine Wealth Management, INC. 12.11% 321,138 $29.4M
18 J2 Capital Management Inc 10.76% 174,626 $16.0M
19 HighRoad Wealth Advisors, LLC 10.57% 136,787 $12.5M
20 Turning Point Benefit Group, Inc. 10.45% 265,621 $24.3M
21 Sound Portfolio Advisors, LLC 9.96% 153,162 $14.0M
22 MBL Wealth, LLC 9.49% 1,518,042 $139.1M
23 Valence8 US LP 9.37% 307,308 $28.2M
24 Cypress Capital, LLC 9.30% 375,328 $34.4M
25 Sollinda Capital Management LLC 9.16% 468,486 $42.9M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Spdr Series Trust (BIL)

What does the Smart Money Trend signal show for BIL?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their BIL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BIL?

More sellers than buyers — 45% buying: Last quarter: 740 funds reduced or exited vs 612 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for BIL holders?

Elite ownership — 42% AUM from top-100 funds: 39 of 1295 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in BIL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BIL?

58% of holders stayed for 2+ years: 751 out of 1,298 hedge funds have held BIL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Spdr Series Trust (BIL) following the 2026 Q2 hedge fund 13F filings?

As of today, BIL has moved +0.4% since the 2026 Q2 13F filing date (August 14, 2026), compared to +1.6% for the SPY sector ETF — an outperformance of -1.2%. Since the quarter end (June 30, 2026), BIL has gained -0.1% vs +5.8% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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