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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
SHWM
401
Smith & Howard Wealth Management
Georgia
$2.82M
TFCP
402
Twin Focus Capital Partners
Massachusetts
$2.81M -$159K -1,823 -5%
Mercer Global Advisors
403
Mercer Global Advisors
Colorado
$2.81M -$679K -7,791 -19%
APW
404
Aurora Private Wealth
New Jersey
$2.8M +$6.45K +74 +0.2%
ACP
405
Argyle Capital Partners
California
$2.79M +$171K +1,961 +7%
PFWA
406
Paces Ferry Wealth Advisors
Georgia
$2.78M +$217K +2,493 +9%
MFG
407
Midwest Financial Group
Kansas
$2.78M +$31.2K +358 +1%
HWMC
408
Heritage Wealth Management (California)
California
$2.7M +$86K +986 +3%
4FG
409
4Thought Financial Group
New York
$2.66M -$2.66M -30,516 -50%
EFG
410
Erickson Financial Group
Pennsylvania
$2.65M -$19.6K -225 -0.7%
UWS
411
Unique Wealth Strategies
Illinois
$2.64M +$82.5K +946 +3%
YWM
412
Yoder Wealth Management
California
$2.63M -$234K -2,685 -8%
BWM
413
Brown Wealth Management
Illinois
$2.62M -$18.4K -211 -0.7%
CCM
414
Crabel Capital Management
California
$2.62M +$396K +4,546 +18%
TFIPS
415
Towarzystwo Funduszy Inwestycyjnych PZU SA
$2.61M +$26.2K +300 +1%
SWMG
416
Signature Wealth Management Group
Georgia
$2.56M +$77.6K +890 +3%
DAS
417
Dynamic Advisor Solutions
Arizona
$2.56M -$1.47M -16,870 -37%
A
418
AlphaQuest
New York
$2.54M +$2.51M +28,813 New
SHF
419
Safe Harbor Fiduciary
Florida
$2.54M +$379K +4,350 +18%
CSWG
420
Cardinal Strategic Wealth Guidance
Kentucky
$2.54M +$197K +2,261 +9%
CBA
421
Coastal Bridge Advisors
Connecticut
$2.52M -$93.6K -1,074 -4%
CC
422
Cadinha & Co
Hawaii
$2.5M +$2.24M +25,672 +953%
TIAM2
423
Tru Independence Asset Management 2
Oregon
$2.5M +$115K +1,316 +5%
GWMR
424
GC Wealth Management RIA
Massachusetts
$2.45M +$202K +2,314 +9%
SWTS
425
Stonehaven Wealth & Tax Solutions
Wisconsin
$2.45M -$11K -126 -0.5%

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.