Stocks / ETF
BILETF
FollowFollowingUnfollowState Street SPDR Bloomberg 1-3 Month T-Bill ETF
$91.411d -0.3%5d -0.3%settled close · 2026-11-02
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1 new call on BIL this week is not on this page yet. Follow BIL free and new calls come to you in The Brief, our morning email, the day after we record them. This page shows them a week later.
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Mkt cap $46B (11/2)β -0.0052w $91–92Shares 505.4MNYSE Arca since 2007
The tape, with the calls on it
Who said what, and what BIL did next
Every dot is a day someone on the record made a call. Hover one to see who. We are not scoring them — the point is that you can see it and judge for yourself.
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Who’s talkingIdea Scout · free
Who’s talking about BIL
35 long5 neutral7 shortlatest 2026-10-26
| Date | Voice | Stance | Venue | Thesis |
|---|---|---|---|---|
| 2026-10-26 | Savita SubramanianHead of US Equity Strategy, BofA | Bullish | Bloomberg TV (uncut) | High-FCF/EV has been the number-one performing factor this month, signaling the market is demanding… |
| 2026-10-23 | Ted MortonsonTechnology desk strategist, Baird | Bullish | Bloomberg TV (uncut) | As AI infrastructure capex transitions from self-funded to debt-funded, only mega-cap tech companies with… |
| 2026-10-23 | Nadia LovellHead of global equity strategy, UBS Global Wealth Management | Bullish | Bloomberg Open Interest | Hyperscalers funding AI buildout through operating cash flow are preferred over neo-cloud companies reliant… |
| 2026-10-15 | Jesse FelderAuthor, The Felder Report | Bullish | Thoughtful Money (Adam Taggart) | 4% yield on cash provides optionality to deploy into distressed real assets or beaten-down value stocks over… |
| 2026-10-06 | Lyn AldenIndependent macro strategist | Bullish | The David Lin Report Clips and David Lin | Under fiscal dominance, high short-term rates stimulate rather than suppress cash-rich holders, making money… |
| 2026-10-04 | Lyn AldenIndependent macro strategist | Bullish | David Lin | With money-market and CD rates at 4.3–4.4%, the conservative sleeve of a portfolio earns a real return above… |
| 2026-09-28 | Tom BeckerMD & portfolio manager, Global Tactical Asset Allocation, BlackRock | Bullish | Bloomberg Surveillance | The long end of the yield curve still lacks adequate term premium to compensate for issuance, inflation, and… |
| 2026-09-17 | Dan SuzukiGlobal market strategist, iCapital | Bullish | CNBC Fast Money Final Trade | Cash is underowned by households and historically delivered competitive risk-adjusted returns in inflationary… |
| 2026-08-20 | Raoul PalCo-founder, Real Vision; ex-GLG PM | Bullish | Tom Bilyeu | Short-term rates offer decent real yield with no duration risk; holding cash in T-bills provides dry powder… |
| 2026-07-30 | Ray DalioFounder, Bridgewater Associates | Bearish | The Diary Of A CEO | Inflation erodes the real purchasing power of cash deposits, and after taxes on nominal interest income… |
Show all 47 mentions
| Date | Voice | Stance | Venue | Thesis |
|---|---|---|---|---|
| 2026-07-29 | Barry KnappManaging Partner, Ironsides Macroeconomics | Bullish | Wealthion | Rising 10-year real rates (TIPS yields moving up as markets price in Fed balance-sheet normalization) risk a… |
| 2026-07-17 | Ray DalioFounder, Bridgewater Associates | Bearish | My First Million and Principles by Ray Dalio | Cash is the worst-performing asset over any long period despite being perceived as safe, making it the… |
| 2026-06-26 | Michael HowellLiquidity strategist — CrossBorder Capital | Bullish | WTFinance | The global liquidity cycle is inflecting downward, making cash increasingly attractive on a risk-return basis… |
| 2026-05-08 | Jeffrey GundlachCEO/CIO, DoubleLine Capital | Neutral | DoubleLine Capital | Keeping ~20% in cash preserves optionality to redeploy at lower equity valuations and higher fixed-income… |
| 2026-05-07 | Jeffrey GundlachCEO/CIO, DoubleLine Capital | Bullish | Bloomberg Podcasts | With risk asset valuations very high, no Fed rate cuts likely in 2025, and fixed income yields still… |
| 2026-04-01 | Brent JohnsonCEO, Santiago Capital | Neutral | Julia La Roche Show | High uncertainty between now and the midterms favors capital preservation over growth, making short-duration… |
| 2026-03-27 | Jeffrey GundlachCEO/CIO, DoubleLine Capital | Bullish | Julia La Roche Show | Risk assets across equities and credit are likely to reprice lower in 2026 creating better entry points… |
| 2026-03-24 | David HayFormer CIO, Evergreen Gavekal | Bullish | Lacy Hunt | Capital is rotating out of US financial markets into offshore markets amid turmoil, and the risk/reward… |
| 2026-03-19 | Michael HowellLiquidity strategist — CrossBorder Capital | Bullish | TheRoyaltyKing | With the global liquidity cycle having peaked in Q3 2025 and decelerating into the turbulence phase, raising… |
| 2026-03-04 | Luke GromenMacro strategist — founder, FFTT | Bullish | The Peter McCormack Show | In a highly leveraged system facing an AI-driven deflationary shock plus sovereign debt crisis, holding cash… |
| 2026-03-02 | Michael HowellLiquidity strategist — CrossBorder Capital | Neutral | 51 Insights | After the commodity peak and before the bond-entry window fully opens, building cash is the dominant… |
| 2026-01-14 | Luke GromenMacro strategist — founder, FFTT | Bullish | Joe Burnett | With multiple potential catalysts for a deflationary risk-off whoosh and high complacency in markets, holding… |
| 2025-12-13 | Bill NygrenPortfolio manager, Oakmark Funds | Bullish | Fox Business | Low P/E value stocks generating high free cash flow yields that return capital via dividends and buybacks… |
| 2025-11-12 | Meb FaberCo-founder & CIO, Cambria | Bullish | Capital Considered | Screening for high net shareholder yield (dividends plus net buybacks) identifies high-quality… |
| 2025-11-06 | Aswath DamodaranProfessor of finance, NYU Stern | Bullish | interview | Surging gold prices are a disquieting signal that near-term inflation or macro risk may be rising, prompting… |
| 2025-11-02 | Jeremy GranthamCo-founder & long-term strategist, GMO | Bullish | Cooper Academy | Given extreme US market overvaluation and unknowable bubble burst timing, holding cash is the appropriate… |
| 2025-07-28 | Vance SpencerCo-founder, Framework Ventures | Bullish | Hidden Forces | Productive DeFi protocols with real earnings power are buying back tokens or distributing value to holders… |
| 2025-07-10 | Jeremy GranthamCo-founder & long-term strategist, GMO | Bullish | Master Investor | With the US market at historically extreme valuations and multiple macro headwinds mounting, holding… |
| 2025-04-21 | Adrian DayChairman & CEO, Adrian Day Asset Management | Bullish | Wealthion | Origin Royalties combines a fortress balance sheet (~$22M cash that a prospect generator could not exhaust in… |
| 2025-03-11 | Cameron DawsonCIO, NewEdge Wealth | Bullish | Bloomberg Surveillance | Quality stocks with proven cash flows and strong balance sheets are being indiscriminately sold alongside… |
| 2024-11-13 | Jonathan WellumCEO & CIO, RockLinc Investment Partners | Bullish | Wealthion | Elevated equity valuations and macro uncertainty warrant a large cash buffer to preserve optionality for… |
| 2024-11-04 | Chris CaseyManaging Director, WindRock Wealth Management | Bullish | Wealthion | Election uncertainty — contested results, faithless electors, uncertified slates — could create sharp… |
| 2024-09-11 | Lacy HuntChief economist, Hoisington Investment | Neutral | Oxbow Advisors | While short-term rates at ~5% currently offer attractive yields, investors should be alert that rates will… |
| 2024-09-06 | Brent JohnsonCEO, Santiago Capital | Neutral | Wealthion | With Bitcoin, gold, and the S&P simultaneously at or near all-time highs and anticipated Fed cuts already… |
| 2023-10-05 | Lyn AldenIndependent macro strategist | Bullish | Natalie Brunell | Companies with long-duration locked-in low-rate debt and large variable cash piles are net beneficiaries of… |
| 2023-08-29 | Ben FelixCIO, PWL Capital | Bearish | interview | Cash has unpredictable long-term expected returns, no hedge against falling expected returns, lower returns… |
| 2023-07-26 | Barry SternlichtChairman/CEO, Starwood Capital | Bullish | David Rubenstein | With 5% risk-free yields available, holding elevated cash is rational while real estate and other asset… |
| 2023-01-27 | Michael BurryFounder, Scion Asset Management | Bullish | interview | FCF-generating 'boring' businesses are deeply oversold and ignored while still-expensive momentum darlings… |
| 2022-12-16 | David RosenbergEconomist — Rosenberg Research | Bullish | Foremost Financial | Central banks are now paying investors to hold cash after years of zero rates, making cash a positive-carry… |
| 2022-07-27 | Nelson PeltzActivist investor — Trian Partners | Bullish | David Rubenstein | In a recessionary, high-inflation environment, boring companies with stable cash flows and quality operations… |
| 2022-04-26 | Meb FaberCo-founder & CIO, Cambria | Bearish | Excess Returns | On an inflation-adjusted basis a global buy-and-hold portfolio historically has lower drawdowns and… |
| 2022-02-03 | Ray DalioFounder, Bridgewater Associates | Bearish | David Rubenstein | Negative real interest rates mean cash and bank deposits lose purchasing power to inflation and taxes, making… |
| 2021-02-21 | Cathie WoodCEO & CIO, ARK Invest | Bullish | samlyn | Digital wallets acquire customers at $20 vs $150–$1,500 for banks, and by capturing banking, brokerage… |
| 2020-05-04 | Dan FerrisEditor, Extreme Value; host, Stansberry Investor Hour | Bullish | The Acquirers Podcast | A ~20% cash allocation is the best equity-portfolio diversifier because most investors over-optimize for a… |
| 2018-10-29 | Joel GreenblattCo-CIO, Gotham Asset Management | Bullish | Bloomberg Television | Stocks with 7-9% free cash flow yields and high returns on capital are attractively priced in a 3% rate… |
| 2012-03-23 | Guy SpierManaging Partner, Aquamarine Fund | Bearish | Bloomberg Originals | Aggressive global money-printing will erode real returns on cash to near zero, making it a poor store of… |
| 2009-11-14 | Warren BuffettChairman, Berkshire Hathaway | Bearish | Value Investing with Legends | Cash loses purchasing power over time while good businesses compound in value, making it the worst long-term… |
1 new mention of BIL this week is not on this page yet. Follow it free and new calls come to you in The Brief, the free morning email. Free pages update a week later.
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The options tape
Notable options days
Sessions in the last 120 where BIL’s settled options volume ran ≥ 2× its trailing 20-session baseline, or delta-dollar flow ran ≥ 2.5× — 13 of 120 sessions qualified.
The qualifying dates are the free record. Close, flow, call/LEAPS mix and the 20-session outcome — for every session below — are member content.
| Date | Close | RVOL | Δ$ flow ($M) | Call % | LEAPS % | +20 sess. |
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| 2026-05-14 | ||||||
| 2026-05-13 |
+20 sess. = raw price change over the following 20
sessions — not market-adjusted; the tape tells you where to look,
not what happens next.
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BIL on the Wheel
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