BILL Stock Down 38% This Past Year but One Investor Just Stepped In With a $4 Million Position

3 weeks ago 23

Jonathan Ponciano, The Motley Fool

Sun, December 28, 2025 astatine 4:00 PM CST 5 min read

New York City-based Totem Point Management added 71,225 shares of BILL Holdings successful the 3rd quarter.
The caller involvement was worthy an estimated $3.77 cardinal astatine quarter-end.
It represents 3.36% of the fund’s 13F AUM, placing it extracurricular of the apical 5 holdings.
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New York City-based Totem Point Management established a caller presumption successful BILL Holdings (NYSE:BILL), acquiring 71,225 shares valued astatine astir $3.77 million, according to a November 14 SEC filing.

According to a filing with the Securities and Exchange Commission dated November 14, Totem Point Management initiated a caller presumption successful BILL Holdings (NYSE:BILL) during the 3rd quarter. The steadfast reported ownership of 71,225 shares, with the presumption valued astatine $3.77 cardinal arsenic of September 30. This marks the fund's archetypal reported involvement successful the company.

The caller BILL presumption represents 3.36% of Totem Point’s full reportable U.S. equity assets nether absorption arsenic of September 30.

Top holdings aft the filing:

NASDAQ: NVDA: $14.28 cardinal (12.7% of AUM)
NYSE: TSM: $12.10 cardinal (10.8% of AUM)
NASDAQ: TTWO: $11.10 cardinal (9.9% of AUM)
NYSE: SPOT: $10.17 cardinal (9.1% of AUM)
NASDAQ: MU: $9.79 cardinal (8.7% of AUM)

As of Friday, shares of BILL were priced astatine $55.23, down a staggering 38% implicit the past twelvemonth and good underperforming the S&P 500, which is up 15% successful the aforesaid period.

Metric

Value

Revenue (TTM)	$1.50 billion
Net Income (TTM)	$11.93 million
Price (as of Friday)	$55.23
One-Year Price Change	(38%)

BILL offers cloud-based bundle solutions for automating accounts payable, accounts receivable, walk management, and outgo workflows for tiny and midsize businesses.
The institution generates gross chiefly done a software-as-a-service (SaaS) subscription model, complemented by transaction-based fees from outgo processing and value-added services.
It serves accounting firms, fiscal institutions, bundle companies, and a wide basal of tiny and midsize concern clients worldwide.

BILL operates astatine scale, leveraging its unreality level to streamline fiscal operations for tiny and midsize enterprises. The company’s SaaS concern exemplary provides recurring revenue, portion its outgo web facilitates businesslike business-to-business transactions. Its absorption is connected automating back-office fiscal processes for tiny and midsize businesses.

BILL’s banal is down astir 40% implicit the past year, yet the underlying concern hasn’t stalled successful the mode the illustration mightiness suggest. For semipermanent investors, moments similar this thin to abstracted cyclical disappointment from structural decline. In its astir caller quarter, BILL posted full gross of $395.7 million, up 10% twelvemonth implicit year, with halfway gross increasing 14% arsenic transaction measurement and subscriptions continued to expand. The level processed $89 cardinal successful outgo measurement during the quarter, portion serving conscionable nether 500,000 businesses, underscoring that adoption has remained dependable adjacent arsenic capitalist sentiment cooled.

This caller presumption besides fits cleanly alongside a portfolio that already leans into durable maturation franchises similar Nvidia, Taiwan Semiconductor, and Spotify. In that context, BILL reads little similar a speculative rebound commercialized and much similar a discounted compounder whose near-term margins and maturation illustration are being repriced excessively aggressively.

Ultimately, the stock’s drawdown has compressed expectations, but the concern itself is inactive scaling. That spread is wherever semipermanent accidental tends to emerge.