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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
SO
251
Sierra Ocean
California
$7.05M +$261K +2,994 +4%
SWP
252
Sagespring Wealth Partners
Tennessee
$6.95M -$24.8M -284,205 -78%
First Trust Advisors
253
First Trust Advisors
Illinois
$6.91M -$43.6K -500 -0.6%
NYLIM
254
New York Life Investment Management
New York
$6.84M +$941K +10,794 +16%
CFS
255
Commonwealth Financial Services
West Virginia
$6.81M +$6.72M +77,116 New
B
256
Birchbrook
Maine
$6.8M +$45.1K +517 +0.7%
PAS
257
Park Avenue Securities
New York
$6.79M +$6.71M +76,957 New
WA
258
Waverly Advisors
Alabama
$6.72M -$160K -1,837 -2%
Squarepoint
259
Squarepoint
New York
$6.72M -$7.73M -88,700 -54%
Betterment LLC
260
Betterment LLC
New York
$6.58M +$278K +3,189 +4%
SFS
261
Sowell Financial Services
Arkansas
$6.57M +$2.04M +23,434 +46%
CAPTRUST Financial Advisors
262
CAPTRUST Financial Advisors
North Carolina
$6.54M -$1.29M -14,788 -17%
RSF
263
Rik Saylor Financial
Ohio
$6.52M -$56.5K -648 -0.9%
SB
264
SIG Brokerage
New York
$6.5M +$2.5M +28,721 +64%
FM
265
Foster & Motley
Ohio
$6.48M -$311K -3,565 -5%
N
266
Natixis
France
$6.47M -$1.17M -13,458 -16%
Baird Financial Group
267
Baird Financial Group
Wisconsin
$6.46M -$6.73M -77,192 -51%
FA
268
Fermata Advisors
California
$6.43M +$321K +3,681 +5%
SAW
269
Signal Advisors Wealth
Michigan
$6.42M -$5.09M -58,349 -45%
VFG
270
V2 Financial group
Illinois
$6.41M -$86.9K -997 -1%
SSWM
271
Smith Salley Wealth Management
North Carolina
$6.26M +$66.4K +761 +1%
BWM
272
Bulltick Wealth Management
Florida
$6.26M +$2.02M +23,192 +49%
PCA
273
Pallas Capital Advisors
Massachusetts
$6.15M +$319K +3,661 +6%
MWPCG
274
Measured Wealth Private Client Group
New Hampshire
$6.11M +$107K +1,230 +2%
Focus Partners Wealth
275
Focus Partners Wealth
Massachusetts
$6.11M -$8.44M -96,829 -58%

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.