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iShares 20+ Year Treasury Bond ETF

1,102 hedge funds and large institutions have $35.7B invested in iShares 20+ Year Treasury Bond ETF in 2025 Q2 according to their latest regulatory filings, with 126 funds opening new positions, 405 increasing their positions, 452 reducing their positions, and 191 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more call options, than puts

Call options by funds: $14.5B | Put options by funds: $12.9B

7% less funds holding

Funds holding: 1,1791,102 (-77)

7.34% less ownership

Funds ownership: 79.83%72.49% (-7.3%)

10% less repeat investments, than reductions

Existing positions increased: 405 | Existing positions reduced: 452

15% less capital invested

Capital invested by funds: $41.8B → $35.7B (-$6.08B)

24% less funds holding in top 10

Funds holding in top 10: 12998 (-31)

34% less first-time investments, than exits

New positions opened: 126 | Existing positions closed: 191

Holders
1,102
Holders Change
-77
Holders Change %
-6.53%
% of All Funds
14.51%
Holding in Top 10
98
Holding in Top 10 Change
-31
Holding in Top 10 Change %
-24.03%
% of All Funds
1.29%
New
126
Increased
405
Reduced
452
Closed
191
Calls
$14.5B
Puts
$12.9B
Net Calls
+$1.56B
Net Calls Change
-$2.54B
Name Holding Trade Value Shares
Change
Change in
Stake
BCI
226
Brinker Capital Investments
Pennsylvania
$8.31M -$2.88M -33,069 -26%
SI
227
Stephens Inc
Arkansas
$8.26M -$642K -7,367 -7%
FSC
228
Full Sail Capital
Oklahoma
$8.25M +$377K +4,327 +5%
AWS
229
Atria Wealth Solutions
New York
$8.23M -$54.8M -628,622 -87%
Principal Financial Group
230
Principal Financial Group
Iowa
$8.11M -$5.9M -67,681 -42%
Fifth Third Bancorp
231
Fifth Third Bancorp
Ohio
$8.09M +$1.26M +14,421 +19%
CCWM
232
Cassaday & Co Wealth Management
Virginia
$8.04M -$27.3M -313,551 -77%
RWM
233
Rezny Wealth Management
Florida
$7.98M
FIM
234
Freedom Investment Management
Connecticut
$7.97M +$1.51M +17,323 +24%
CJH
235
Christopher J. Hasenberg
Wisconsin
$7.95M +$7.86M +90,123 New
CFG
236
Citizens Financial Group
Rhode Island
$7.84M -$1.11M -12,746 -13%
AIM
237
Archer Investment Management
Texas
$7.73M +$830K +9,521 +12%
Comerica Bank
238
Comerica Bank
Texas
$7.71M -$2.3M -26,354 -23%
CCA
239
Checchi Capital Advisers
California
$7.63M -$5.71M -65,484 -43%
AI
240
Arvest Investments
Arkansas
$7.52M -$48.4K -555 -0.6%
SWM
241
Spire Wealth Management
Virginia
$7.43M -$3.54M -40,565 -33%
NFG
242
Northeast Financial Group
Pennsylvania
$7.43M +$567K +6,501 +8%
Creative Planning
243
Creative Planning
Kansas
$7.35M -$1.56M -17,864 -18%
HCA
244
Heck Capital Advisors
Wisconsin
$7.3M +$253K +2,897 +4%
DC
245
Davenport & Co
Virginia
$7.16M -$347K -3,977 -5%
USWG
246
U.S. Wealth Group
New York
$7.15M -$705K -8,080 -9%
CNBT
247
Canandaigua National Bank & Trust
New York
$7.14M -$154K -1,764 -2%
PCM
248
Prelude Capital Management
New York
$7.08M +$6.04M +69,271 +634%
IFA
249
Interactive Financial Advisors
Illinois
$7.08M +$718K +8,237 +11%
BRG
250
Bay Rivers Group
Virginia
$7.06M -$46.3K -531 -0.7%

TLT Hedge Fund Activity: Q2 2025 in Review

1,102 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares 20+ Year Treasury Bond ETF (TLT) for Q2 2025, worth a combined $35.7B — down 15% from $41.8B a quarter earlier.

Sellers outnumbered buyers: 191 funds closed out of TLT and 126 opened new positions — a net loss of 65 holders — while 452 trimmed existing stakes and 405 added.

The largest buyer was Bank of Montreal, adding an estimated $418M. The largest seller was Bank of America, cutting an estimated $2.76B.

  • 1,102 institutional investors held iShares 20+ Year Treasury Bond ETF (TLT) as of Q2 2025, down from 1,179 in Q1 2025.
  • Funds reported $35.7B of iShares 20+ Year Treasury Bond ETF stock for Q2 2025, down 15% quarter-over-quarter.
  • 126 funds opened new iShares 20+ Year Treasury Bond ETF positions in Q2 2025 and 191 closed out, a net change of -65 holders.
  • The largest iShares 20+ Year Treasury Bond ETF buyer in Q2 2025 was Bank of Montreal, an estimated $418M added.
  • The largest iShares 20+ Year Treasury Bond ETF seller in Q2 2025 was Bank of America, an estimated $2.76B sold.

Based on aggregated 13F filings for Q2 2025.