Jim Saulnier Trims BIL ETF Position in Latest Filing
Jim Saulnier & Associates LLC reduced its stake in the SPDR Bloomberg 1-3 Month T-Bill ETF, a popular cash-equivalent holding.
Jim Saulnier & Associates LLC quietly trimmed its position in the SPDR Bloomberg 1-3 Month T-Bill ETF (ticker: BIL), according to a recent regulatory filing. The move signals a shift in how this advisory firm is managing its short-duration, cash-like exposure for clients.
BIL tracks ultra-short Treasury bills maturing in one to three months, making it a go-to parking spot when advisors want yield without duration risk. When a firm cuts that kind of holding, it usually means cash is getting redeployed — either into longer-duration bonds, equities, or somewhere with more upside potential.
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For retail traders watching institutional positioning, changes in T-bill ETF stakes are worth tracking. Rising rate expectations tend to keep money in BIL. When smart money starts moving out, it can be an early signal that the rate outlook is shifting or that risk appetite is coming back online.
Saulnier & Associates is a registered investment advisor, and like all firms managing assets above certain thresholds, it discloses holdings through SEC filings. These snapshots offer a lagging but useful look at how professional money managers are tilting their portfolios in real time.
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