iShares 10-20 Year Treasury Bond ETF
TLH
571 hedge funds and large institutions have $12B invested in iShares 10-20 Year Treasury Bond ETF in 2025 Q3 according to their latest regulatory filings, with 77 funds opening new positions, 313 increasing their positions, 141 reducing their positions, and 40 closing their positions.
135% more call options, than puts
Call options by funds: $7.67M | Put options by funds: $3.27M
122% more repeat investments, than reductions
Existing positions increased: 313 | Existing positions reduced: 141
93% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 40
9% more capital invested
Capital invested by funds: $11B → $12B (+$1B)
5% more funds holding
Funds holding: 546 → 571 (+25)
1.51% more ownership
Funds ownership: 95.14% → 96.64% (+1.5%)
4% less funds holding in top 10
Funds holding in top 10: 23 → 22 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$569M |
| 2 |
LPL Financial
San Diego,
California
|
+$230M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$68.3M |
| 4 |
HCP
Hamilton Capital Partners
Atlanta,
Georgia
|
+$60.8M |
| 5 |
Morgan Stanley
New York
|
+$53.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$188M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$104M |
| 3 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
-$65.7M |
| 4 |
RBA
Richard Bernstein Advisors
New York
|
-$64.1M |
| 5 |
FCBT
First Citizens Bank & Trust
Raleigh,
North Carolina
|
-$62.9M |
TLH Hedge Fund Activity: Q3 2025 in Review
571 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in iShares 10-20 Year Treasury Bond ETF (TLH) for Q3 2025, worth a combined $12B — up 9.1% from $11B a quarter earlier.
Buyers outnumbered sellers: 77 funds opened new TLH positions and 40 closed out — a net gain of 37 holders — while 313 added to existing stakes and 141 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $569M. The largest seller was Bank of America, cutting an estimated $188M.
- 571 institutional investors held iShares 10-20 Year Treasury Bond ETF (TLH) as of Q3 2025, up from 546 in Q2 2025.
- Funds reported $12B of iShares 10-20 Year Treasury Bond ETF stock for Q3 2025, up 9.1% quarter-over-quarter.
- 77 funds opened new iShares 10-20 Year Treasury Bond ETF positions in Q3 2025 and 40 closed out, a net change of +37 holders.
- The largest iShares 10-20 Year Treasury Bond ETF buyer in Q3 2025 was Envestnet Asset Management, an estimated $569M added.
- The largest iShares 10-20 Year Treasury Bond ETF seller in Q3 2025 was Bank of America, an estimated $188M sold.
Based on aggregated 13F filings for Q3 2025.