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
↑ +92
Streak
2Q ▲
Buyers last Q
57%

Smart Money Signals — BIL

Based on 1311 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added BIL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,311 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 — +15% more funds vs a year ago

fund count last 6Q
+168 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

764 buying565 selling
Last quarter: 764 funds bought or added vs 565 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~193 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 131 → 127 → 193 → 193. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 28% medium ■ 19% new
694 out of 1,311 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.
📈

Growing discovery — still being found

160 → 131 → 127 → 193 → 193 new funds/Q
New funds entering each quarter: 131 → 127 → 193 → 193. A growing number of institutions are discovering BIL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 57% veterans vs 24% newcomers

■ 57% veterans ■ 19% 1-2yr ■ 24% new
Entry-cohort mix of 1,314 holders: 755 (57%) are 2+ year veterans, 250 entered 1–2 years ago, and 309 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
37 of 1310 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 Q1, 764 hedge funds were net buyers of BIL (193 opened a new position, 571 added to an existing one), while 565 reduced or exited (464 trimmed, 101 sold completely) — a 57% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 37% of total institutional value in BIL is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +92 funds (more new holders than closures). Total institutional holders: 1311.

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 Q1 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 March 31, 2026 · 77d ago
BIL
-0.1%
SPY
+15.9%

BIL outperformed SPY by -16.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 32d ago
BIL
+0.3%
SPY
+2.0%

Since the filing became public, BIL outperformed SPY by -1.7% .

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.

35 top-rated funds 128 high-conviction
Consensus
6.8
/ 10
breadth
×
Elite
4.1
/ 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 Q1) Prior (2025 Q4) Change
Funds Holding 1299 1219 6.56%
13F Shares 318M 249M 27.47%
Total Value $28.53B $22.09B 29.12%
New Positions 186 193 -7
Increased Positions 568 505 +63
Closed Positions 106 126 -20
Reduced Positions 461 454 +7
Total Calls 2 1 100.0%
Total Puts 2 1 100.0%
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: BIL

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 BTS Asset Management, Inc. 49.59% 140,398 $12.9M
2 3EDGE Asset Management, LP 34.51% 7,790,161 $713.9M
3 Savior LLC 33.48% 102,409 $9.4M
4 Counterpoint Mutual Funds LLC 30.36% 2,206,436 $202.2M
5 Alethea Capital Management, LLC 30.09% 640,038 $58.7M
6 St. Louis Financial Planners Asset Management, LLC 29.16% 561,347 $51.4M
7 North Capital, Inc. 28.74% 370,284 $33.9M
8 Turning Point Benefit Group, Inc. 23.64% 405,871 $37.1M
9 Ramiah Investment Group 23.00% 249,660 $22.9M
10 Valence8 US LP 21.09% 658,302 $60.3M
11 Ebert Capital Management Inc. 20.24% 216,242 $19.8M
12 Second Half Financial Partners, LLC 19.36% 469,315 $43.0M
13 Howard Capital Management Inc. 19.13% 12,760,579 $1.17B
14 Pacific Point Advisors, LLC 18.72% 387,247 $35.5M
15 Sound Portfolio Advisors, LLC 18.13% 243,547 $22.3M
16 Constant Guidance Financial LLC 17.91% 282,594 $25.9M
17 Samara Investment Management, LLC 16.10% 169,423 $15.5M
18 Udine Wealth Management, INC. 14.68% 327,761 $30.0M
19 Hamilton Capital Partners, LLC 14.49% 506,719 $46.4M
20 Hibernia Wealth Partners, LLC 14.36% 529,954 $48.6M
21 Caitlin John, LLC 13.75% 250,111 $22.9M
22 Lionsbridge Wealth Management LLC 13.06% 141,754 $13.0M
23 Twin Lakes Capital Management, LLC 12.51% 300,155 $27.5M
24 TritonPoint Partners, LLC 12.21% 361,946 $33.2M
25 Elevation Capital Advisory, LLC 12.14% 311,169 $28.5M
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?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added BIL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BIL?

Slight buying edge — 57% buying: Last quarter: 764 funds bought or added vs 565 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BIL holders?

Strong quality — 37% AUM from major funds: 37 of 1310 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BIL?

53% of holders stayed for 2+ years: 694 out of 1,311 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 Q1 hedge fund 13F filings?

As of today, BIL has moved +0.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of -1.7%. Since the quarter end (March 31, 2026), BIL has gained -0.1% vs +15.9% 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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