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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
CIAS
426
CFS Investment Advisory Services
New Jersey
$2.44M +$972K +11,149 +68%
TF
427
Trek Financial
Arizona
$2.42M -$2.6M -29,771 -52%
SMG
428
Smart Money Group
Texas
$2.41M -$473K -5,428 -17%
SLFPAM
429
St. Louis Financial Planners Asset Management
Missouri
$2.38M +$2.36M +27,013 New
GAM
430
Gotham Asset Management
New York
$2.36M
LW
431
Lauer Wealth
Indiana
$2.27M +$2.06M +23,590 +984%
KJHP
432
K.J. Harrison & Partners
Ontario, Canada
$2.25M
CI
433
CPR Investments
Michigan
$2.24M -$2.84M -32,587 -56%
WIM
434
WealthPlan Investment Management
Nebraska
$2.23M +$380K +4,355 +21%
JPLA
435
Joseph P. Lucia & Associates
New York
$2.22M +$393K +4,505 +22%
TCA
436
Transcend Capital Advisors
New Jersey
$2.21M -$138K -1,583 -6%
SWM
437
Silverlake Wealth Management
Vermont
$2.19M +$2.16M +24,788 New
MWA
438
Moser Wealth Advisors
Washington
$2.19M -$28.8K -330 -1%
TAM
439
Titleist Asset Management
Texas
$2.16M +$182K +2,092 +9%
IIM
440
Illumine Investment Management
Washington
$2.16M -$25.1K -288 -1%
KWA
441
Kingswood Wealth Advisors
California
$2.15M -$1.13M -12,905 -35%
RA
442
RFG Advisory
Alabama
$2.14M -$1.85M -21,245 -47%
SR
443
Syntax Research
Florida
$2.14M +$1.63M +18,670 +336%
MFS
444
Miller Financial Services
Michigan
$2.13M +$322K +3,688 +18%
PCA
445
Providence Capital Advisors
North Carolina
$2.13M +$70.3K +806 +3%
IAN
446
Integrated Advisors Network
Texas
$2.1M -$168K -1,930 -8%
YWM
447
Yukon Wealth Management
Kansas
$2.06M -$51.4K -590 -2%
CPP
448
Capasso Planning Partners
South Carolina
$2.06M +$329K +3,771 +19%
FAM
449
Formidable Asset Management
Ohio
$2.05M
ACM
450
Alethea Capital Management
Washington
$2.04M

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.