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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
TPW
301
Tiller Private Wealth
Pennsylvania
$5.32M -$376K -4,315 -7%
UOIF
302
University of Illinois Foundation
Illinois
$5.31M -$58.4M -669,662 -92%
PFPT
303
Pinnacle Financial Partners (Tennessee)
Tennessee
$5.24M -$4.6M -52,782 -47%
SXL
304
Summit X LLC
Missouri
$5.24M +$1.17M +13,414 +29%
CW
305
CreativeOne Wealth
Kansas
$5.18M +$218K +2,497 +4%
FGA
306
Fortis Group Advisors
New Jersey
$5.17M -$2.09M -23,993 -29%
CAG
307
Csenge Advisory Group
Florida
$5.14M +$13.5K +155 +0.3%
GI
308
GLOBALT Investments
Georgia
$5.14M -$684K -7,850 -12%
NWM
309
Navigation Wealth Management
Colorado
$5.13M +$5.07M +58,131 New
SLF
310
Sun Life Financial
Ontario, Canada
$5.09M +$5.03M +57,700 New
PWAC
311
Private Wealth Advisors (California)
California
$5.06M +$357K +4,096 +8%
RWM
312
Refined Wealth Management
Utah
$5.03M +$8.37K +96 +0.2%
AWA
313
Arkadios Wealth Advisors
Georgia
$5.03M +$905K +10,378 +22%
CCMT
314
CMT Capital Markets Trading
Germany
$4.99M +$4.93M +56,581 New
JF
315
Joule Financial
Kentucky
$4.89M +$2.07M +23,713 +75%
HZ
316
Hixon Zuercher
Ohio
$4.85M +$222K +2,551 +5%
Franklin Resources
317
Franklin Resources
California
$4.81M +$337K +3,869 +8%
DAS
318
Diversify Advisory Services
Utah
$4.8M +$2.08M +23,874 +76%
MWM
319
Modern Wealth Management
Kansas
$4.74M +$155K +1,774 +3%
MPIA
320
Milestones Private Investment Advisors
New York
$4.74M +$4.68M +53,729 New
Bank of Nova Scotia
321
Bank of Nova Scotia
Ontario, Canada
$4.73M +$4.26M +48,873 +1,027%
S
322
SharpePoint
Arizona
$4.73M -$349K -4,000 -7%
LP
323
LMR Partners
United Kingdom
$4.72M +$4.66M +53,446 New
IHL
324
Investment House LLC
California
$4.65M +$2.42M +27,731 +111%
HI
325
Harbour Investments
Wisconsin
$4.63M -$677K -7,763 -13%

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.