F/M US Treasury 3 Month BillTBILETF

13F holders, Q2 2025 (June 30)
277holders +9
39new positions
31sold out
2famous investors
$49.99avg. 13F price*

At the end of Q2 2025, 277 institutions reported holding F/M US Treasury 3 Month Bill (TBIL) in their 13F filings, up 9 from Q1 2025. 39 opened new positions and 31 sold out. The largest holders were LPL Financial LLC ($499.7M), Morgan Stanley ($429.4M) and Oxbow Advisors, LLC ($103.0M). 2 famous investors held it, including Ken Griffin (0.0% of Citadel Advisors's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).

Company
F/M US Treasury 3 Month Bill
Filed as
RBB FD INC (Q2 2025)
CUSIP
74933W452
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300400 Q1 2024: 180Q1 2024Q2 2024: 197Q2 2024Q3 2024: 220Q3 2024Q4 2024: 249Q4 2024Q1 2025: 268Q1 2025Q2 2025: 277Q2 2025Q3 2025: 287Q3 2025Q4 2025: 306Q4 2025Q1 2026: 321Q1 2026Q2 2026: 317Q2 2026

Total Exit/New Position Q1 2025 → Q2 2025

InstitutionsTotal Value
New Positions39$99.5M
Exits31$141.1M

All 13F filers, Q1 2025 → Q2 2025: 8,453,849 shares bought and 5,077,677 shares sold, net +3,376,172 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 277 holders

LPL Financial LLC 0.17% Add +0.7% 9,994,024 $499.7M
Morgan Stanley 0.03% Add +27.2% 8,588,384 $429.4M
Oxbow Advisors, LLC 11.46% Reduce -20.1% 2,060,435 $103.0M
Raymond James Financial Inc. 0.03% Reduce -1.2% 2,012,446 $100.6M
Stifel Financial Corp. 0.08% Reduce -9.3% 1,601,660 $80.1M
Wealth Enhancement Advisory Services, LLC 0.12% Add +31.6% 1,422,449 $70.9M
Wells Fargo & Company 0.01% Add +3844.9% 1,098,489 $54.9M
Total Investment Management Inc. 7.40% New 1,023,870 $51.2M
Moloney Securities Asset Management, LLC 6.35% Add +4.3% 1,022,473 $51.1M
F/m Investments LLC 1.85% Add +30.8% 1,021,520 $51.1M
MML Investors Services, LLC 0.14% Add +18.1% 1,003,941 $50.2M
Obermeyer Wealth Partners 2.41% Add +4.2% 968,882 $48.4M
Commonwealth Equity Services, LLC 0.06% Reduce -4.4% 913,760 $45.7M
Envestnet Asset Management Inc. 0.01% Add +5.1% 887,973 $44.4M
Benjamin Edwards Inc. 0.51% Add +14.2% 797,860 $39.9M
UBS Group AG 0.01% Add +32.0% 703,865 $35.2M
Private Advisor Group, LLC 0.19% Add +7.3% 692,063 $34.6M
CENTRAL TRUST Co 0.58% Add +5.4% 504,477 $25.2M
Cambridge Investment Research Advisors, Inc. 0.08% Reduce -2.9% 496,336 $24.8M
Revolve Wealth Partners, LLC 3.18% Add +0.0% 486,487 $24.3M
Integrated Wealth Concepts LLC 0.24% Add +5.6% 474,058 $23.7M
Cetera Investment Advisers 0.03% Reduce -1.1% 393,444 $19.7M
Kestra Advisory Services, LLC 0.09% Add +26.4% 363,963 $18.2M
Mariner, LLC 0.03% Add +16.2% 358,151 $17.9M
Wealthcare Advisory Partners LLC 0.37% Reduce -16.6% 324,665 $16.2M
Steward Partners Investment Advisory, LLC 0.12% Reduce -23.0% 295,257 $14.8M
Gries Financial LLC 2.50% Reduce -6.2% 274,207 $13.7M
Lido Advisors, LLC 0.07% Reduce -7.1% 270,981 $13.5M
HighTower Advisors, LLC 0.02% Add +291.1% 268,750 $13.4M
Generation Capital Management LLC 10.62% Add +8.1% 268,531 $13.4M
Stratos Wealth Partners, LTD. 0.18% Reduce -42.5% 261,675 $13.1M
Ibex Wealth Advisors 1.39% Add +13.1% 260,015 $13.0M
Equitable Holdings, Inc. 0.11% Add +24.0% 255,061 $12.8M
Family Office Research LLC 5.58% Reduce -38.0% 235,946 $11.8M
Strait & Sound Wealth Management LLC 4.94% Reduce -4.0% 232,396 $11.6M
Kestra Private Wealth Services, LLC 0.17% Add +17.2% 231,062 $11.6M
Wealthquest Corp 0.90% Reduce -6.7% 228,988 $11.4M
49 Wealth Management, LLC 1.18% Reduce -16.8% 222,297 $11.1M
Retirement Capital Strategies 4.30% Add +982.7% 217,068 $10.9M
Strong Tower Advisory Services 2.04% Add +564.7% 206,975 $10.3M
Scotia Capital Inc. 0.05% New 202,151 $10.1M
Alpine Bank Wealth Management 1.43% Add +188.9% 189,728 $9.5M
Captrust Financial Advisors 0.02% Add +4270.3% 187,924 $9.4M
Flputnam Investment Management Co. 0.16% Reduce -11.2% 187,515 $9.4M
RIA Advisory Group LLC 2.57% Add +7.6% 175,044 $8.8M
Tidal Investments LLC 0.06% Add +23.2% 174,778 $8.7M
Money Concepts Capital Corp. 0.57% Reduce -21.3% 171,804 $8.6M
Denver Wealth Management, Inc. 3.35% Add +3.3% 162,135 $8.1M
Citadel Advisors 0.01% New 160,665 $8.0M
Coign Capital Advisors LLC 5.33% Reduce -11.4% 157,411 $7.9M
Avidian Wealth Enterprises, LLC 0.32% Add +5.2% 156,894 $7.8M
Pinnacle Wealth Management Group, Inc. 4.47% Add +4.4% 156,066 $7.8M
JPMorgan Chase & Co. 0.00% Add +49050.3% 151,383 $7.6M
Divergent Planning, LLC 2.03% Add +81.4% 137,848 $6.9M
Hilton Capital Management, LLC 0.54% Add +150.2% 136,385 $6.8M
Synovus Financial Corp. 0.08% Add +41.3% 136,026 $6.8M
Wealthstar Advisors, LLC 2.51% Add +13.7% 133,289 $6.7M
Neuberger Berman Group LLC 0.01% Reduce -22.8% 132,300 $6.6M
Manchester Financial Inc. 1.34% Reduce -3.2% 128,424 $6.4M
Proactive Wealth Strategies LLC 3.03% Add +1.4% 128,401 $6.4M
RFG Advisory, LLC 0.15% Add +28.6% 125,954 $6.3M
Northwestern Mutual Wealth Management Co. 0.00% Add +2.0% 124,228 $6.2M
Copia Wealth Management 5.24% Add +0.3% 124,184 $6.2M
B & T Capital Management DBA Alpha Capital Management 1.00% Reduce -10.3% 116,669 $5.8M
Boyum Wealth Architects LLC 4.26% New 115,747 $5.8M
Ashton Thomas Private Wealth, LLC 0.20% Add +3.5% 112,175 $5.6M
Sovereign Financial Group, Inc. 1.15% Add +32.4% 111,571 $5.6M
WMG Financial Advisors, LLC 2.06% Reduce -2.9% 111,057 $5.6M
Semmax Financial Advisors Inc. 1.42% Reduce -12.0% 110,452 $5.5M
Vision Financial Markets LLC 5.15% Add +3.8% 109,288 $5.5M
AdvisorNet Financial, Inc 0.34% Add +72.7% 104,610 $5.2M
Formidable Asset Management, LLC 0.87% Add +2.0% 104,240 $5.2M
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.71% Add +11.2% 103,080 $5.2M
Forum Financial Management, LP 0.08% Add +0.2% 103,059 $5.2M
First Heartland Consultants, Inc. 0.44% Reduce -2.6% 98,035 $4.9M
Global View Capital Management LLC 1.54% Add +5.6% 96,142 $4.8M
Mirae Asset Global Investments Co., Ltd. 0.02% New 94,300 $4.7M
Baird Financial Group, Inc. 0.01% New 88,014 $4.4M
Cypress Capital, LLC 1.25% Reduce -20.5% 86,275 $4.3M
IFG Advisory, LLC 0.21% Reduce -18.0% 84,294 $4.2M
Truist Financial Corp. 0.01% Reduce -4.5% 84,137 $4.2M
Jaffetilchin Investment Partners, LLC 0.27% Reduce -2.5% 82,310 $4.1M
Fiduciary Alliance LLC 0.30% Reduce -5.4% 80,800 $4.0M
Fortis Group Advisors, LLC 0.72% Reduce -24.2% 79,032 $4.0M
Independent Financial Group, LLC 0.11% Reduce -25.9% 78,764 $3.9M
Parallel Advisors, LLC 0.07% Add +25.9% 74,773 $3.7M
DAVENPORT & Co LLC 0.02% Add +4.9% 72,662 $3.6M
Concurrent Investment Advisors, LLC 0.07% Add +11.9% 70,214 $3.5M
Farther Finance Advisors, LLC 0.07% Add +16.4% 69,086 $3.5M
Sigma Planning Corp 0.10% Add +41.3% 65,522 $3.3M
Koshinski Asset Management, Inc. 0.24% Add +51.9% 62,867 $3.1M
GTS Securities LLC 0.14% New 61,609 $3.1M
Longview Financial Advisors, Inc. 2.61% Reduce -19.6% 61,375 $3.1M
Founders Financial Alliance, LLC 0.69% Add +9.9% 61,128 $3.1M
Hamilton Wealth, LLC 0.65% Add +178.6% 57,891 $2.9M
B. Riley Wealth Advisors, Inc. 0.14% Reduce -24.3% 57,098 $2.9M
International Assets Investment Management, LLC 0.23% Reduce -9.4% 55,774 $2.8M
Susquehanna International Group, LLP 0.00% Add +70.6% 54,708 $2.7M
Bank of Montreal 0.00% Add +14646.2% 54,561 $2.7M
KG Capital Management 0.80% Add +26.1% 54,228 $2.7M
Rareview Capital LLC 1.70% No change 53,821 $2.7M
CX Institutional 0.09% Add +4.7% 53,475 $2.7M
Great Valley Advisor Group, Inc. 0.06% Add +151.5% 52,456 $2.6M
Balefire, LLC 0.56% Add +0.3% 51,461 $2.6M
Crew Capital Management, Ltd 1.72% Reduce -12.2% 47,963 $2.4M
Flagship Harbor Advisors, LLC 0.11% Add +294.5% 47,612 $2.4M
Comerica Bank 0.01% Add +70.1% 47,568 $2.4M
J.W. Cole Advisors, Inc. 0.05% Add +136.9% 46,798 $2.3M
Claris Financial LLC 1.70% Add +42.1% 45,070 $2.3M
OneDigital Investment Advisors LLC 0.02% Add +0.6% 44,891 $2.2M
Tableaux LLC 1.25% Add +20.3% 43,388 $2.2M
Osaic Holdings, Inc. 0.00% Reduce -60.6% 41,888 $2.1M
Ameritas Advisory Services, LLC 0.11% Reduce -75.0% 40,809 $2.0M
Jane Street Group, LLC 0.00% Add +171.9% 38,193 $1.9M
Stegent Equity Advisors, Inc. 1.62% Reduce -14.8% 36,526 $1.8M
Ignite Planners, LLC 0.32% Add +21.6% 36,396 $1.8M
Capital Investment Counsel, Inc 0.24% Add +10.2% 35,825 $1.8M
Glass Jacobson Investment Advisors llc 0.68% Reduce -0.6% 35,316 $1.8M
Crown Wealth Group, LLC 0.65% Add +110.2% 34,541 $1.7M
Corient Private Wealth LP 0.00% Add +10.5% 34,218 $1.7M
Altfest L J & Co. Inc. 0.20% Reduce -10.6% 34,140 $1.7M
NewEdge Advisors, LLC 0.01% Reduce -60.8% 33,467 $1.7M
Financial Advocates Investment Management 0.13% Add +25.4% 33,032 $1.7M
Sage Mountain Advisors LLC 0.10% Reduce -11.3% 32,203 $1.6M
Millennium Management 0.00% New 32,122 $1.6M
Orion Porfolio Solutions, LLC 0.01% Add +164.2% 31,915 $1.6M
Kraft, Davis & Associates, LLC 0.43% New 31,707 $1.6M
IFP Advisors, Inc 0.04% Add +26.2% 31,247 $1.6M
Clarus Group, Inc. 0.53% Reduce -8.1% 29,076 $1.5M
Avantax Advisory Services, Inc. 0.01% Reduce -8.3% 28,928 $1.4M
Marshall & Sterling Wealth Advisors Inc. 0.96% Add +4.2% 28,323 $1.4M
Ceera Investments, LLC 0.43% Reduce -33.0% 27,965 $1.4M
Betterment LLC 0.00% Add +4.2% 26,705 $1.3M
Global Retirement Partners, LLC 0.03% — 26,197 $1.3M
IHT Wealth Management, LLC 0.04% Add +12.8% 25,672 $1.3M
Pitcairn Co. 0.08% No change 25,450 $1.3M
Meridian Wealth Management, LLC 0.05% Reduce -10.3% 25,003 $1.3M
AE Wealth Management LLC 0.01% Add +2229.9% 24,580 $1.2M
Signet Financial Management, LLC 0.15% Reduce -39.0% 24,481 $1.2M
Global Assets Advisory, LLC 0.47% Reduce -53.6% 24,341 $1.2M
Prostatis Group LLC 0.34% Add +19.1% 23,744 $1.2M
Sterling Group Wealth Management, LLC 0.65% New 23,533 $1.2M
Clear Creek Financial Management, LLC 0.11% New 23,190 $1.2M
Transcendent Capital Group LLC 0.60% Reduce -48.8% 23,160 $1.2M
Silver Coast Investments LLC 0.41% Add +5.0% 22,642 $1.1M
TruWealth Advisors, LLC 0.06% Reduce -3.3% 22,518 $1.1M
World Investment Advisors 0.03% Add +159.1% 22,141 $1.1M
BlueChip Wealth Advisors LLC 0.45% No change 21,985 $1.1M
Strategic Investment Solutions, Inc. 0.32% Reduce -3.8% 21,494 $1.1M
Rockefeller Capital Management L.P. 0.00% Add +52.0% 21,272 $1.1M
Atria Wealth Solutions, Inc. 0.02% Add +69.2% 21,257 $1.1M
GWN Securities Inc. 0.18% Reduce -0.2% 19,780 $990K
National Bank of Canada 0.00% Add +65.1% 19,699 $985K
Acorn Financial Advisory Services Inc. 0.15% Reduce -37.3% 18,564 $928K
Core Wealth Partners LLC 0.47% Reduce -3.3% 18,533 $927K
MBL Wealth, LLC 0.09% Reduce -12.2% 18,462 $923K
Wealth Advisory Solutions, LLC 0.23% Add +106.8% 18,238 $912K
Private Trust Co. NA 0.09% Add +10.9% 18,016 $901K
WT Wealth Management 0.26% New 17,777 $889K
Freedom Investment Management, Inc. 0.07% Reduce -0.4% 17,281 $864K
Sanctuary Advisors, LLC 0.01% Add +71.0% 17,226 $861K
NewEdge Wealth, LLC 0.01% Reduce -18.4% 17,139 $855K
Encompass More Asset Management 0.20% Add +65.4% 17,049 $852K
Guardian Wealth Advisors, LLC / NC 0.06% Reduce -50.8% 17,013 $851K
Mutual Advisors, LLC 0.02% Reduce -5.8% 16,862 $843K
Principal Securities, Inc. 0.02% Add +11.9% 16,833 $842K
TrueWealth Advisors, LLC 0.25% Reduce -13.3% 16,631 $831K
Gitterman Wealth Management, LLC 0.19% Reduce -5.3% 16,376 $819K
Janney Montgomery Scott LLC 0.00% Reduce -1.5% 16,093 $805K
Valtinson Bruner Financial Planning LLC 0.25% Add +1.7% 16,063 $803K
Red Crane Wealth Management, LLC 0.73% Reduce -17.1% 15,945 $797K
TCFG Wealth Management, LLC 0.36% Reduce -37.0% 15,881 $794K
Trilogy Capital Inc. 0.04% New 15,421 $771K
Good Life Advisors, LLC 0.05% Reduce -5.0% 15,378 $769K
Calton & Associates, Inc. 0.12% Add +0.5% 14,063 $703K
CreativeOne Wealth, LLC 0.02% Reduce -0.8% 13,985 $699K
Tidemark, LLC 0.22% Add +2.2% 13,758 $688K
EP Wealth Advisors, LLC 0.00% Add +9.9% 13,509 $675K
Cibc World Market Inc. 0.00% Add +93.9% 13,435 $672K
Harbour Investments, Inc. 0.02% Reduce -9.7% 13,133 $657K
Trustmark Bank Trust Department 0.04% No change 12,903 $645K
Apollon Wealth Management, LLC 0.01% Reduce -28.0% 12,437 $622K
Centaurus Financial, Inc. 0.03% Add +39.0% 11,776 $589K
Gladstone Institutional Advisory LLC 0.02% Reduce -74.7% 11,535 $577K
Old Mission Capital LLC 0.02% New 11,299 $565K
Harbour Capital Advisors, LLC 0.12% Add +37.4% 11,195 $558K
Dynamic Advisor Solutions LLC 0.02% No change 11,100 $555K
Accurate Wealth Management, LLC 0.08% Reduce -4.6% 11,041 $550K
Pinnacle Financial Partners Inc 0.01% Reduce -79.2% 10,757 $538K
Widmann Financial Services, Inc. 0.37% Add +6.0% 10,680 $534K
Oppenheimer & Co. Inc. 0.01% Add +7.6% 10,614 $531K
Leavell Investment Management, Inc. 0.02% Add +4.4% 10,355 $518K
Elmwood Wealth Management, Inc. 0.20% No change 10,315 $516K
Northeast Planning Associates, Inc. / NH / 0.46% Reduce -68.9% 9,945 $497K
Cornerstone Wealth Management, LLC 0.03% Add +78.0% 9,798 $490K
Golden State Wealth Management, LLC 0.06% Reduce -7.2% 9,794 $490K
Everstar Asset Management, LLC 0.29% Add +76.6% 9,473 $474K
Prosperity Wealth Management, Inc. 0.17% Add +106.9% 9,000 $450K
Financial Guidance Group, Inc. 0.22% Reduce -2.2% 8,900 $445K
Aptus Capital Advisors, LLC 0.00% Reduce -2.2% 8,900 $445K
Belpointe Asset Management LLC 0.02% Reduce -34.6% 8,887 $444K
Integrity Financial Corp 0.21% No change 8,418 $421K
Keel Point, LLC 0.03% No change 8,012 $401K
Park Edge Advisors, LLC 0.10% Reduce -53.4% 7,687 $384K
Vista Finance, LLC 0.32% Reduce -70.8% 7,465 $373K
Perigon Wealth Management, LLC 0.01% Reduce -25.1% 7,403 $370K
US Bancorp \de 0.00% No change 7,329 $366K
Luminist Capital LLC 0.36% Reduce -1.2% 7,315 $364K
Cerity Partners LLC 0.00% No change 7,181 $359K
MPWM Advisory Solutions, LLC 0.23% Reduce -33.0% 7,166 $358K
Brookwood Investment Group LLC 0.06% Reduce -7.8% 7,050 $352K
Traynor Capital Management, Inc. 0.03% New 7,074 $352K
Wedbush Securities Inc. 0.01% New 6,915 $346K
Centerpoint Advisory Group 0.30% No change 6,815 $341K
GoalVest Advisory LLC 0.08% Add +408.1% 6,661 $333K
Castle Rock Wealth Management, LLC 0.08% Add +21.7% 6,556 $327K
Gentry Private Wealth, LLC 0.23% Reduce -33.9% 6,141 $307K
Latitude Advisors, LLC 0.15% Add +1.0% 6,034 $302K
PenderFund Capital Management Ltd. 0.17% New 6,000 $300K
Ausdal Financial Partners, Inc. 0.02% New 6,000 $300K
Astoria Portfolio Advisors LLC. 0.08% New 5,962 $298K
Davis Wealth Advisors, LLC 0.32% No change 5,950 $297K
D.A. Davidson & Co. 0.00% Reduce -62.8% 5,848 $292K
Williams Jones Wealth Management, LLC. 0.00% New 5,750 $287K
Stephens Inc. 0.00% New 5,540 $277K
Camarda Financial Advisors, LLC 0.11% Add +33.2% 5,498 $275K
Venture Visionary Partners LLC 0.01% No change 5,402 $270K
WESPAC Advisors, LLC 0.19% No change 5,300 $265K
CFS Investment Advisory Services, LLC 0.02% New 5,000 $250K
Occidental Asset Management, LLC 0.03% No change 5,000 $250K
Summit X, LLC 0.05% New 5,000 $250K
Quadrature Capital Ltd 0.00% New 4,964 $248K
Westside Investment Management, Inc. 0.04% Reduce -16.7% 4,750 $237K
EverSource Wealth Advisors, LLC 0.01% Add +31.3% 4,748 $237K
Arkadios Wealth Advisors 0.01% New 4,729 $236K
Zacks Investment Management 0.00% Add +13.4% 4,705 $235K
PFG Investments, LLC 0.01% New 4,611 $231K
American Institute for Advanced Investment Management, LLP 0.16% No change 4,600 $230K
Savvy Advisors, Inc. 0.01% New 4,446 $222K
Strategic Blueprint, LLC 0.01% Reduce -9.3% 4,392 $220K
Focus Partners Wealth 0.00% Reduce -34.5% 4,352 $218K
Opal Wealth Advisors, LLC 0.06% New 4,280 $214K
Kovack Advisors, Inc. 0.02% New 4,265 $213K
Argus Investors' Counsel, Inc. 0.15% Reduce -37.1% 4,263 $213K
Genesee Capital Advisors, LLC 0.09% Reduce -2.7% 4,226 $211K
Lindenwold Advisors, INC 0.11% No change 4,149 $207K
Intrua Financial, LLC 0.03% Add +1.1% 4,045 $202K
VestGen Advisors, LLC 0.01% Reduce -4.2% 4,025 $201K
Insigneo Advisory Services, LLC 0.02% Reduce -20.4% 4,011 $201K
Vermillion & White Wealth Management Group, LLC 0.13% New 3,961 $198K
Banque Cantonale Vaudoise 0.01% Add +6.2% 2,868 $143K
Legacy Investment Solutions, LLC 0.08% — 2,846 $142K
Legacy Wealth Managment, LLC 0.08% No change 2,846 $142K
Realta Investment Advisors 0.05% No change 2,500 $125K
S.A. Mason LLC 0.06% New 2,300 $115K
Creative Financial Designs Inc. 0.01% Add +15.9% 2,248 $112K
Cwm, LLC 0.00% Reduce -17.9% 1,560 $78K
MAI Capital Management 0.00% Add +108.0% 1,560 $78K
CoreCap Advisors, LLC 0.00% Reduce -14.5% 1,250 $62K
TD Waterhouse Canada Inc. 0.00% New 1,200 $60K
Geneos Wealth Management Inc. 0.00% No change 1,102 $55K
Royal Bank of Canada 0.00% Reduce -88.2% 960 $48K
Armstrong Advisory Group, Inc. 0.00% New 901 $45K
FMR LLC 0.00% Reduce -82.1% 624 $31K
Lanark Financial, Inc. 0.00% New 500 $24K
Tsfg, LLC 0.00% No change 438 $22K
N.E.W. Advisory Services LLC 0.00% Reduce -19.1% 204 $10K
NFSG Corp 0.00% No change 200 $10K
Twin Peaks Wealth Advisors, LLC 0.00% New 140 $7K
Signaturefd, LLC 0.00% Reduce -76.4% 118 $6K
Spire Wealth Management 0.00% New 95 $5K
MassMutual Private Wealth & Trust, FSB 0.00% New 60 $3K
Ancora Advisors LLC 0.00% Reduce -51.8% 53 $3K
Essential Partners LLC 0.00% — 32 $2K
DHJJ Financial Advisors, Ltd. 0.00% No change 2 $107
Principia Wealth Advisory, LLC 0.00% New 2 $100
Simplex Trading, LLC 0.00% New 2 $0

"% of holder's portfolio" is TBIL's weight in each manager's 13F, not the share of F/M US Treasury 3 Month Bill the manager owns.