Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Bill Holdings Inc (BILL)

335 + Investors. Track Smart Money conviction in BILL. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
1Q ▲
Buyers last Q
48%

Smart Money Signals — BILL

Based on 346 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added BILL 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.
📊

High ownership — 84% of 3.0Y peak

84% of all-time peak
346 funds currently hold this stock — 84% of the 3.0-year high of 410 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q
19 fewer hedge funds hold BILL compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 48% buying

182 buying197 selling
Last quarter: 197 funds reduced or exited vs 182 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.
📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter
Funds opening a new BILL position: 78 → 80 → 62 → 70. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 21% medium ■ 19% new
205 out of 346 hedge funds have held BILL 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.
📊

Peak discovery — momentum slowing

61 → 78 → 80 → 62 → 70 new funds/Q
New funds entering each quarter: 78 → 80 → 62 → 70. BILL is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 67% veterans vs 21% newcomers

■ 67% veterans ■ 12% 1-2yr ■ 21% new
Entry-cohort mix of 371 holders: 248 (67%) are 2+ year veterans, 46 entered 1–2 years ago, and 77 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
58 of 340 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in BILL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — 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 — BILL

In 2026 Q2, 182 hedge funds were net buyers of BILL (70 opened a new position, 112 added to an existing one), while 197 reduced or exited (135 trimmed, 62 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. 46% of total institutional value in BILL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 346.

Hedge Fund Ownership: BILL

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

Market Analysis: BILL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BILL

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

16 top-rated funds 4 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
3.7
/ 10
conviction
Hedge Fund Positioning: BILL
335 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 335 338 -0.89%
13F Shares 104M 112M -6.88%
Total Value $3.68B $4.20B -12.31%
New Positions 67 62 +5
Increased Positions 98 117 -19
Closed Positions 64 90 -26
Reduced Positions 128 114 +14
Total Calls 17 24 -29.17%
Total Puts 14 18 -22.22%
PUT/CALL Ratio 0.82 0.75 Neutral

Statistics: BILL

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Valuation Measures Data as of: --

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Financial Highlights

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Institutional Holders (2026 Q2)

335 + investors

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

QUARTER:
Top 25 BILL holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 ER Collective Holdings, LLC 100.00% 8,518,300 $308.0M
2 Starboard Value LP 5.62% 7,025,748 $254.1M
3 Barington Companies Management, LLC 5.01% 197,000 $7.1M
4 Greenhouse Funds LLLP 4.94% 2,672,670 $96.6M
5 Senvest Management, LLC 4.35% 4,102,668 $148.4M
6 Immersion Corp 3.64% 180,000 $6.5M
7 Tejara Capital Ltd 3.26% 219,400 $7.9M
8 Yiheng Capital Management, L.P. 2.77% 222,820 $8.1M
9 Potrero Capital Research LLC 2.37% 117,707 $4.3M
10 Iridian Asset Management LLC/Ct 2.33% 187,831 $6.8M
11 Mangrove Partners IM, LLC 1.99% 838,994 $30.3M
12 Invenomic Capital Management LP 1.96% 908,775 $32.9M
13 Monimus Capital Management, LP 1.84% 219,975 $8.0M
14 Taylor Frigon Capital Management LLC 1.26% 74,571 $2.7M
15 Contour Asset Management LLC 1.20% 1,400,202 $50.6M
16 Clearline Capital LP 1.01% 469,637 $17.0M
17 Formula Growth Ltd 0.95% 75,000 $2.7M
18 Alternative Investment Advisors, LLC. 0.95% 69,257 $2.5M
19 Inlight Wealth Management, LLC 0.73% 63,131 $2.3M
20 Provident Living Financial Services, Inc. 0.72% 20,229 $731K
21 VARCOV Co. 0.72% 52,175 $1.9M
22 Lavelle Capital LP 0.71% 45,640 $1.7M
23 Sciencast Management LP 0.68% 91,081 $3.3M
24 Ares Systematic Credit Ltd 0.58% 26,216 $948K
25 Generali Investments Towarzystwo Funduszy Inwestycyjnych 0.52% 36,000 $1.3M
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 — Bill Holdings Inc (BILL)

What does the Smart Money Trend signal show for BILL?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added BILL 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 BILL?

More sellers than buyers — 48% buying: Last quarter: 197 funds reduced or exited vs 182 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 BILL holders?

Elite ownership — 46% AUM from top-100 funds: 58 of 340 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in BILL. 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 BILL?

59% of holders stayed for 2+ years: 205 out of 346 hedge funds have held BILL 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.

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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