In its latest 13F filing, Nicholas Hoffman & Company acquired 1,411,985 shares of the Vanguard 0–3 Month Treasury Bill ETF, representing a purchase valued at approximately $106.59 million based on average closing prices over the fourth quarter. Following this investment, the firm’s stake in VBIL stands at 1,800,411 shares, now accounting for 3.15% of its reported assets under management and carrying a total market value of roughly $135.8 million. This injection marks one of the largest single-quarter additions to the fund’s ultra-short Treasury exposure this year.

VBIL offers investors a low-duration, capital-preserving vehicle by tracking U.S. Treasury bills with maturities of three months or less. With net assets of $4.64 billion, an expense ratio of just 0.06%, and a 30-day SEC yield near 3.56%, the ETF provides a competitive liquid alternative for risk-averse portfolios. Over the past year, its share price has remained flat—consistent with its objective of principal stability rather than capital appreciation.

The recent purchase underscores a broader trend among institutional managers to maintain a dry-powder allocation that generates income without introducing meaningful interest-rate risk. By holding VBIL, investors preserve liquidity and optionality for rapid redeployment into higher-beta opportunities as market conditions evolve. Given its minimal duration profile and absence of credit risk, the ETF serves as a strategic parking spot for cash that seeks positive yield while keeping volatility near zero.