Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Spdr Series Trust (BILS)

271 + 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
↑ +11
Streak
2Q ▲
Buyers last Q
53%

Smart Money Signals — BILS

Based on 273 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 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.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
273 hedge funds hold BILS 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding BILS is almost the same as a year ago (+4 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 53% buying

148 buying133 selling
Last quarter: 148 funds bought or added vs 133 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 — ~36 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 39 → 23 → 33 → 36. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

45% of holders stayed for 2+ years

■ 45% conviction (2yr+) ■ 36% medium ■ 19% new
124 out of 273 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.
📈

Growing discovery — still being found

48 → 39 → 23 → 33 → 36 new funds/Q
New funds entering each quarter: 39 → 23 → 33 → 36. A growing number of institutions are discovering BILS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 48% veterans vs 27% newcomers

■ 48% veterans ■ 25% 1-2yr ■ 27% new
Entry-cohort mix of 273 holders: 130 (48%) are 2+ year veterans, 68 entered 1–2 years ago, and 75 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds
18 of 273 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 — BILS

In 2026 Q1, 148 hedge funds were net buyers of BILS (36 opened a new position, 112 added to an existing one), while 133 reduced or exited (108 trimmed, 25 sold completely) — a 53% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 35% of total institutional value in BILS is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +11 funds (more new holders than closures). Total institutional holders: 273.

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

-- --

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

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

Signal Freshness measures how much BILS 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 · 81d ago
BILS
-0.1%
SPY
+15.1%

BILS outperformed SPY by -15.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
BILS
+0.3%
SPY
+1.3%

Since the filing became public, BILS outperformed SPY by -1.0% .

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.

8 top-rated funds 18 high-conviction
Consensus
4.1
/ 10
breadth
×
Elite
3.5
/ 10
conviction
Hedge Fund Positioning: BILS
271 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 271 262 3.44%
13F Shares 27M 25M 7.32%
Total Value $2.59B $2.47B 4.88%
New Positions 36 33 +3
Increased Positions 110 111 -1
Closed Positions 27 29 -2
Reduced Positions 108 96 +12
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BILS

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

271 + investors

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

QUARTER:
Top 25 BILS holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 DBK Financial Counsel, LLC 12.97% 172,220 $17.1M
2 Miller Investment Management, LP 12.45% 1,260,535 $125.3M
3 Horizon Family Wealth, Inc. 9.17% 174,529 $17.4M
4 Pecaut & CO. 8.27% 256,061 $25.5M
5 Birchcreek Wealth Management, LLC 7.64% 159,566 $15.9M
6 Promethium Advisors,LLC 7.29% 141,506 $14.1M
7 Treasure Coast Financial Planning 7.23% 141,297 $14.1M
8 Ndwm LLC 7.23% 112,096 $11.1M
9 Sargent Investment Group, LLC 7.21% 550,393 $54.7M
10 Anson Capital, Inc. 7.20% 105,799 $10.5M
11 Delos Wealth Advisors, LLC 7.19% 126,275 $12.6M
12 WealthTrust Asset Management, LLC 6.84% 115,288 $11.5M
13 Castlekeep Investment Advisors LLC 6.70% 124,196 $12.4M
14 Samara Investment Management, LLC 6.43% 62,361 $6.2M
15 MOKAN Wealth Management Inc. 5.96% 135,356 $13.5M
16 Marshall Financial Group, LLC 5.74% 360,770 $35.9M
17 Peak Asset Management, LLC 3.69% 210,297 $20.9M
18 Entrewealth, LLC 3.61% 80,926 $8.0M
19 O'ROURKE & COMPANY, Inc 3.48% 88,389 $8.8M
20 OakTrust Wealth Advisors, LLC 3.28% 36,256 $3.6M
21 Kera Capital Partners, Inc. 3.24% 265,419 $26.4M
22 Capstone Wealth Management Group LLC 2.90% 47,397 $4.7M
23 Retirement Capital Strategies 2.66% 70,766 $7.0M
24 One Day In July LLC 2.61% 328,210 $32.6M
25 Asset One Wealth Management LLC 2.61% 237,553 $23.6M
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 — 2 quarters in a row: For 2 consecutive quarters, 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 — 53% buying: Last quarter: 148 funds bought or added vs 133 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 — 35% AUM from major funds: 18 of 273 holders rank in the top 100 by AUM, accounting for 35% 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?

45% of holders stayed for 2+ years: 124 out of 273 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.

Is it too late to buy Spdr Series Trust (BILS) following the 2026 Q1 hedge fund 13F filings?

As of today, BILS has moved +0.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of -1.0%. Since the quarter end (March 31, 2026), BILS has gained -0.1% vs +15.1% 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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