iShares 10-20 Year Treasury Bond ETF
649 hedge funds and large institutions have $11.8B invested in iShares 10-20 Year Treasury Bond ETF in 2025 Q4 according to their latest regulatory filings, with 139 funds opening new positions, 247 increasing their positions, 225 reducing their positions, and 49 closing their positions.
184% more first-time investments, than exits
New positions opened: 139 | Existing positions closed: 49
99% more call options, than puts
Call options by funds: $12.1M | Put options by funds: $6.1M
13% more funds holding
Funds holding: 572 → 649 (+77)
10% more repeat investments, than reductions
Existing positions increased: 247 | Existing positions reduced: 225
0.97% less ownership
Funds ownership: 96.66% → 95.69% (-0.97%)
1% less capital invested
Capital invested by funds: $12B → $11.8B (-$122M)
9% less funds holding in top 10
Funds holding in top 10: 22 → 20 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DWM
Dynasty Wealth Management
St. Petersburg,
Florida
|
+$77.9M |
| 2 |
QWP
Quotient Wealth Partners
Dallas,
Texas
|
+$64.2M |
| 3 |
FFM
Forum Financial Management
Lombard,
Illinois
|
+$50.5M |
| 4 |
JP Morgan Chase
New York
|
+$46.6M |
| 5 |
RCI
RS Crum Inc
Newport Beach,
California
|
+$32.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$130M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$79.4M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$42.2M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$40.8M |
| 5 |
US Bancorp
Minneapolis,
Minnesota
|
-$34.3M |
TLH Hedge Fund Activity: Q4 2025 in Review
649 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in iShares 10-20 Year Treasury Bond ETF (TLH) for Q4 2025, worth a combined $11.8B — down 1% from $12B a quarter earlier.
Buyers outnumbered sellers: 139 funds opened new TLH positions and 49 closed out — a net gain of 90 holders — while 247 added to existing stakes and 225 trimmed.
The largest buyer was Dynasty Wealth Management, adding an estimated $77.9M. The largest seller was Envestnet Asset Management, cutting an estimated $130M.
- 649 institutional investors held iShares 10-20 Year Treasury Bond ETF (TLH) as of Q4 2025, up from 572 in Q3 2025.
- Funds reported $11.8B of iShares 10-20 Year Treasury Bond ETF stock for Q4 2025, down 1% quarter-over-quarter.
- 139 funds opened new iShares 10-20 Year Treasury Bond ETF positions in Q4 2025 and 49 closed out, a net change of +90 holders.
- The largest iShares 10-20 Year Treasury Bond ETF buyer in Q4 2025 was Dynasty Wealth Management, an estimated $77.9M added.
- The largest iShares 10-20 Year Treasury Bond ETF seller in Q4 2025 was Envestnet Asset Management, an estimated $130M sold.
Based on aggregated 13F filings for Q4 2025.