In the fourth quarter, Nicholas Hoffman & Company acquired 1,411,985 additional shares of the Vanguard 0–3 Month Treasury Bill ETF (VBIL), representing an incremental investment of approximately $106.59 million based on the quarter’s average closing prices. This strategic purchase increased the firm’s total VBIL position to 1,800,411 shares, bringing its stake to a valuation of roughly $135.80 million and accounting for 3.15 percent of the firm’s reported 13F assets under management.

Following this transaction, Nicholas Hoffman & Company maintains a diversified equity-heavy portfolio, with nearly half its assets allocated across broad U.S. and international stock ETFs and a single-digit percentage in a leading diversified holding company. The decision to allocate just over 3 percent of total assets to ultra-short U.S. Treasury bills underscores a preference for maintaining liquidity and optionality rather than signaling a defensive market stance.

VBIL tracks U.S. Treasury bills with maturities of three months or less, offering high credit quality and minimal interest-rate risk. The fund manages approximately $4.64 billion in net assets, charges an expense ratio of just 0.06 percent, and delivered a 30-day SEC yield of 3.56 percent in the latest reporting period. Its flat price trajectory over the past year highlights its role as a capital-preservation vehicle and a flexible “parking spot” for cash that can be redeployed quickly when higher-return opportunities emerge.