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iShares 20+ Year Treasury Bond ETF

1,179 hedge funds and large institutions have $41.8B invested in iShares 20+ Year Treasury Bond ETF in 2025 Q1 according to their latest regulatory filings, with 174 funds opening new positions, 432 increasing their positions, 456 reducing their positions, and 181 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more call options, than puts

Call options by funds: $15.9B | Put options by funds: $11.8B

22% more funds holding in top 10

Funds holding in top 10: 106129 (+23)

13% more capital invested

Capital invested by funds: $37.1B → $41.8B (+$4.68B)

8.85% more ownership

Funds ownership: 70.98%79.83% (+8.8%)

4% less first-time investments, than exits

New positions opened: 174 | Existing positions closed: 181

5% less repeat investments, than reductions

Existing positions increased: 432 | Existing positions reduced: 456

3% less funds holding

Funds holding: 1,2181,179 (-39)

Holders
1,179
Holders Change
-39
Holders Change %
-3.2%
% of All Funds
15.81%
Holding in Top 10
129
Holding in Top 10 Change
+23
Holding in Top 10 Change %
+21.7%
% of All Funds
1.73%
New
174
Increased
432
Reduced
456
Closed
181
Calls
$15.9B
Puts
$11.8B
Net Calls
+$4.1B
Net Calls Change
+$2.47B
Name Holding Trade Value Shares
Change
Change in
Stake
AP
426
Americana Partners
Texas
$3.1M +$2.81M +31,583 +1,285%
RS
427
Rakuten Securities
Japan
$3.08M -$386K -4,332 -11%
TFCP
428
Twin Focus Capital Partners
Massachusetts
$3.07M
RFM
429
Royal Fund Management
Florida
$3.06M -$14.2M -159,598 -83%
MWM
430
Maridea Wealth Management
New York
$3.06M +$1.03M +11,588 +53%
BWA
431
Beam Wealth Advisors
Louisiana
$3.03M -$75.5K -848 -2%
XT
432
XTX Topco
Cayman Islands
$3.03M +$700K +7,859 +31%
SC
433
Scotia Capital
Ontario, Canada
$3.01M -$98.1K -1,102 -3%
WP
434
WealthShield Partners
North Carolina
$3M -$441K -4,949 -13%
SMG
435
Smart Money Group
Texas
$2.98M -$351K -3,947 -11%
WAM
436
Wakefield Asset Management
Colorado
$2.97M +$1.36M +15,275 +88%
IAA
437
Independent Advisor Alliance
North Carolina
$2.97M -$9.94M -111,661 -77%
YWM
438
Yoder Wealth Management
California
$2.95M +$4.45K +50 +0.2%
SHWM
439
Smith & Howard Wealth Management
Georgia
$2.91M +$178K +2,000 +7%
FA
440
FDx Advisors
Illinois
$2.89M -$186K -2,091 -6%
JF
441
Joule Financial
Kentucky
$2.88M +$54.3K +610 +2%
APW
442
Aurora Private Wealth
New Jersey
$2.88M -$73.6K -827 -3%
MFG
443
Midwest Financial Group
Kansas
$2.83M -$315K -3,536 -10%
DAS
444
Diversify Advisory Services
Utah
$2.82M -$523K -5,870 -16%
EWA
445
ERTS Wealth Advisors
Michigan
$2.78M +$19.1K +214 +0.7%
EFG
446
Erickson Financial Group
Pennsylvania
$2.76M -$15.7K -176 -0.6%
JGC
447
J. Goldman & Co
New York
$2.73M +$2.67M +30,000 New
BWM
448
Brown Wealth Management
Illinois
$2.72M -$2.24M -25,120 -46%
LWL
449
Leo Wealth LLC
Texas
$2.71M +$2.65M +29,716 New
ACP
450
Argyle Capital Partners
California
$2.7M +$399K +4,479 +18%

TLT Hedge Fund Activity: Q1 2025 in Review

1,179 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in iShares 20+ Year Treasury Bond ETF (TLT) for Q1 2025, worth a combined $41.8B — up 13% from $37.1B a quarter earlier.

Sellers outnumbered buyers: 181 funds closed out of TLT and 174 opened new positions — a net loss of 7 holders — while 456 trimmed existing stakes and 432 added.

The largest buyer was Citigroup, adding an estimated $2.19B. The largest seller was Envestnet Asset Management, cutting an estimated $791M.

  • 1,179 institutional investors held iShares 20+ Year Treasury Bond ETF (TLT) as of Q1 2025, down from 1,218 in Q4 2024.
  • Funds reported $41.8B of iShares 20+ Year Treasury Bond ETF stock for Q1 2025, up 13% quarter-over-quarter.
  • 174 funds opened new iShares 20+ Year Treasury Bond ETF positions in Q1 2025 and 181 closed out, a net change of -7 holders.
  • The largest iShares 20+ Year Treasury Bond ETF buyer in Q1 2025 was Citigroup, an estimated $2.19B added.
  • The largest iShares 20+ Year Treasury Bond ETF seller in Q1 2025 was Envestnet Asset Management, an estimated $791M sold.

Based on aggregated 13F filings for Q1 2025.