SJS Investment increases ultra-short treasury position by $6.39 million

SJS Investment increases ultra-short treasury position by .39 million
SJS Investment increases ultra-short treasury position by .39 million

According to its SEC filing on January 21, 2026, SJS Investment Consulting purchased 84,687 shares of Vanguard Institutional Index Fund – 0-3 Month T-Bill ETF (NASDAQ:VBIL). The estimated value of the transaction is $6.39 million, based on the average closing price during the fourth quarter of 2025. The fund’s VBIL position ended the quarter with a total value of $9.07 million, up $6.38 million from the previous period.

  • This purchase increased the fund’s stake in VBIL to 1.15% of its 13F reportable assets under management.

  • Main participations after the presentation:

    • NYSEMKT:DFAC: $360.73 million (45.6% of assets under management)

    • NYSEMKT:DFIC: $65.15 million (8.2% of assets under management)

    • NYSEMKT:DUSB: $32.56 million (4.1% of assets under management)

    • NASDAQ:VCRB: $30.00 million (3.8% of assets under management)

    • NYSEMKT:DFSD: $21.18 million (2.7% of assets under management)

  • As of January 20, 2026, VBIL shares were priced at $75.56, up 3.9% from last year; The fund’s annualized dividend yield is 3.11%.

  • VBIL closed 0.11% below its 52-week high as of January 20, 2026.

  • SJS Investment Consulting Inc. reported 2,087 positions and total 13F reportable AUM of $790.38 million as of December 31, 2025.

Metric

Worth

Price (at market close 2026-01-20)

$75.56

Expense ratio

0.07%

Dividend yield

3.56%

  • Provides exposure to short-term U.S. Treasury bills with maturities of three months or less, primarily through a passively managed exchange-traded fund structure.

  • It trades following a market value-weighted index, employing a sampling strategy to replicate the risk and return characteristics of the underlying benchmark index.

  • It serves institutional and individual investors seeking low-cost, liquid access to high-quality government securities.

Vanguard Institutional Index Fund – 0-3 Months Treasury Bill ETF provides investors with efficient access to the US Treasury bill market, focusing on securities with ultra-short maturities to minimize interest rate risk and maintain high liquidity. The fund’s disciplined index-tracking approach is designed to deliver consistent returns that closely reflect its benchmark index, appealing to those seeking stable, low-cost fixed income exposure. Its competitive advantage lies in its transparent structure and its commitment to monitoring high-quality, short-duration public debt instruments.

SJS Investment Consulting’s decision to more than double its position in Treasury bills signals a defensive shift in cash management strategy. The company, which focuses heavily on actively managed ETFs with more than $360 million in its largest shareholding, could be stockpiling its shorter duration holdings as a safe harbor.

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