iShares 20+ Year Treasury Bond ETF
TLT
1,041 hedge funds and large institutions have $31.6B invested in iShares 20+ Year Treasury Bond ETF in 2026 Q2 according to their latest regulatory filings, with 140 funds opening new positions, 381 increasing their positions, 389 reducing their positions, and 167 closing their positions.
101% more call options, than puts
Call options by funds: $37.6B | Put options by funds: $18.7B
2.97% more ownership
Funds ownership: 75.44% → 78.41% (+3%)
2% less capital invested
Capital invested by funds: $32.2B → $31.6B (-$594M)
2% less repeat investments, than reductions
Existing positions increased: 381 | Existing positions reduced: 389
5% less funds holding
Funds holding: 1,094 → 1,041 (-53)
16% less first-time investments, than exits
New positions opened: 140 | Existing positions closed: 167
25% less funds holding in top 10
Funds holding in top 10: 95 → 71 (-24)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$554M |
| 2 |
JP Morgan Chase
New York
|
+$308M |
| 3 |
Barclays
London,
United Kingdom
|
+$280M |
| 4 |
NMIMC
Northwestern Mutual Investment Management Company
Milwaukee,
Wisconsin
|
+$250M |
| 5 |
BlackRock
New York
|
+$217M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.39B |
| 2 |
Rafferty Asset Management
New York
|
-$497M |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$462M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$337M |
| 5 |
BHCM
Brevan Howard Capital Management
St. Helier,
Jersey
|
-$208M |
TLT Hedge Fund Activity: Q2 2026 in Review
1,041 of the 8,264 institutional investors tracked by Wall St. Rank reported a position in iShares 20+ Year Treasury Bond ETF (TLT) for Q2 2026, worth a combined $31.6B — down 1.8% from $32.2B a quarter earlier.
Sellers outnumbered buyers: 167 funds closed out of TLT and 140 opened new positions — a net loss of 27 holders — while 389 trimmed existing stakes and 381 added.
The largest buyer was Jane Street, adding an estimated $554M. The largest seller was Bank of America, cutting an estimated $1.39B.
- 1,041 institutional investors held iShares 20+ Year Treasury Bond ETF (TLT) as of Q2 2026, down from 1,094 in Q1 2026.
- Funds reported $31.6B of iShares 20+ Year Treasury Bond ETF stock for Q2 2026, down 1.8% quarter-over-quarter.
- 140 funds opened new iShares 20+ Year Treasury Bond ETF positions in Q2 2026 and 167 closed out, a net change of -27 holders.
- The largest iShares 20+ Year Treasury Bond ETF buyer in Q2 2026 was Jane Street, an estimated $554M added.
- The largest iShares 20+ Year Treasury Bond ETF seller in Q2 2026 was Bank of America, an estimated $1.39B sold.
Based on aggregated 13F filings for Q2 2026.