Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

SPDR SERIES TRUST (BILS)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
1Q ▲
Buyers last Q
54%

Smart Money Signals — BILS

Based on 249 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added BILS 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 — 94% of 3.0Y peak

94% of all-time peak
249 funds currently hold this stock — 94% of the 3.0-year high of 264 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +5% more funds vs a year ago

fund count last 6Q
+12 new funds entered over the past year (+5% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 54% buying

140 buying118 selling
Last quarter: 140 funds bought or added vs 118 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.
📈

More new buyers each quarter (+11 vs last Q)

new funds entering per quarter
Funds opening a new BILS position: 48 → 37 → 22 → 33. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 35% medium ■ 18% new
116 out of 249 hedge funds have held BILS 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

42 → 48 → 37 → 22 → 33 new funds/Q
New funds entering each quarter: 48 → 37 → 22 → 33. BILS is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 46% of holders stayed 2+ years

■ 46% veterans ■ 22% 1-2yr ■ 32% new
Of 249 current holders: 114 (46%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 36% AUM from major funds

36% from top-100 AUM funds
14 of 249 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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.

Hedge Fund Ownership: BILS

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

Market Analysis: BILS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BILS

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

12 top-rated funds 13 high-conviction
Consensus
4.8
/ 10
breadth
×
Elite
3.5
/ 10
conviction
Hedge Fund Positioning: BILS
2026 Q1 Stats Unlock in 20 days 249 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 249 245 1.63%
13F Shares 24M 24M 2.16%
Total Value $2.39B $2.34B 2.11%
New Positions 33 22 +11
Increased Positions 107 94 +13
Closed Positions 29 41 -12
Reduced Positions 89 111 -22
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BILS

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Valuation Measures Data as of: --

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

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
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Income Statement & Cash Flow
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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

249 + investors

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

Top 25 institutional holders of BILS — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 PROMETHIUM ADVISORS,LLC 7.29% 141,506 $14.1M
2 NDWM LLC 7.23% 112,096 $11.1M
3 Marshall Financial Group, LLC 5.74% 360,770 $35.9M
4 OakTrust Wealth Advisors, LLC 3.28% 36,256 $3.6M
5 Capstone Wealth Management Group LLC 2.90% 47,397 $4.7M
6 Bell Bank 2.52% 598,332 $59.5M
7 Traub Capital Management LLC 2.42% 24,516 $2.4M
8 Pacific Sage Partners, LLC 2.41% 153,758 $15.3M
9 Total Clarity Wealth Management, Inc. 2.26% 96,743 $9.6M
10 Bright Futures Wealth Management, LLC. 1.16% 17,027 $1.7M
11 Values First Advisors, Inc. 0.87% 16,868 $1.7M
12 IAMS WEALTH MANAGEMENT, LLC 0.67% 19,258 $1.9M
13 CWA Asset Management Group, LLC 0.64% 190,156 $18.9M
14 Gradient Capital Advisors, LLC 0.57% 22,093 $2.2M
15 Weaver Capital Management LLC 0.54% 25,252 $2.5M
16 Phil A. Younker & Associates, Ltd. 0.52% 7,845 $780K
17 RiverTree Advisors, LLC 0.52% 8,249 $820K
18 Opulen Financial Group LLC 0.45% 6,477 $644K
19 STAPP WEALTH MANAGEMENT, PLLC 0.40% 3,180 $316K
20 SYKON CAPITAL LLC 0.40% 12,168 $1.2M
21 HIGHLINE WEALTH PARTNERS LLC 0.39% 15,339 $1.5M
22 Austin Wealth Management, LLC 0.39% 17,178 $1.7M
23 Lynx Investment Advisory 0.39% 8,130 $808K
24 Patten Group, Inc. 0.36% 20,616 $2.1M
25 Transcendent Capital Group LLC 0.34% 7,609 $757K
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 (BILS)

What does the Smart Money Trend signal show for BILS?

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

Slight buying edge — 54% buying: Last quarter: 140 funds bought or added vs 118 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 BILS holders?

Strong quality — 36% AUM from major funds: 14 of 249 holders rank in the top 100 by AUM, accounting for 36% 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 BILS?

47% of holders stayed for 2+ years: 116 out of 249 hedge funds have held BILS 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.