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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
BIA
501
Biondo Investment Advisors
Pennsylvania
$1.46M +$73K +837 +5%
KCM
502
Kornitzer Capital Management
Kansas
$1.44M
BWA
503
Beam Wealth Advisors
Louisiana
$1.44M -$1.48M -16,998 -51%
WFS
504
WealthGarden F.S.
California
$1.43M +$527K +6,044 +58%
LWM
505
Liberty Wealth Management
California
$1.43M +$1.41M +16,164 New
OSAM
506
O'Shaughnessy Asset Management
Connecticut
$1.41M -$507K -5,820 -27%
HWA
507
Heritage Wealth Architects
Minnesota
$1.41M -$1M -11,525 -42%
EWA
508
ERTS Wealth Advisors
Michigan
$1.4M -$1.28M -14,675 -48%
VCM
509
Virtue Capital Management
Tennessee
$1.4M -$790K -9,058 -36%
WW
510
Westshore Wealth
California
$1.4M -$251K -2,876 -15%
WFC
511
Western Financial Corp
California
$1.4M +$52.1K +597 +4%
BOSSRA
512
B.O.S.S. Retirement Advisors
Utah
$1.4M -$85.3K -978 -6%
RCM
513
Ravenstone Capital Management
$1.39M +$64.1K +735 +5%
GIM
514
Goelzer Investment Management
Indiana
$1.38M +$14.9K +171 +1%
VHAM
515
Van Hulzen Asset Management
California
$1.38M +$57K +654 +4%
OIA
516
Optimum Investment Advisors
Illinois
$1.38M -$47.5K -545 -3%
MWM
517
MFG Wealth Management
Indiana
$1.37M +$314K +3,605 +30%
EAM
518
Everstar Asset Management
North Carolina
$1.37M +$59K +677 +5%
MAM
519
Morse Asset Management
Connecticut
$1.37M +$148K +1,701 +12%
VFA
520
Voya Financial Advisors
Connecticut
$1.36M +$29.3K +336 +2%
FYW
521
Future You Wealth
New York
$1.36M +$214K +2,450 +19%
MAM
522
MMA Asset Management
Pennsylvania
$1.35M -$219K -2,508 -14%
PAMG
523
Patton Albertson Miller Group
Tennessee
$1.35M -$106K -1,220 -7%
MA
524
MONECO Advisors
Connecticut
$1.34M -$1.09M -12,472 -45%
LFAS
525
Level Four Advisory Services
Texas
$1.33M -$1.27M -14,610 -49%

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.