We are live on ! Find out more
TLT icon

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
TW
576
TritonPoint Wealth
Maryland
$1M +$3.23K +37 +0.3%
SAS
577
Sage Advisory Services
Texas
$1M -$11.9K -136 -1%
PC
578
Promus Capital
Illinois
$998K +$976K +11,191 +9,904%
SAI
579
Savvy Advisors Inc
New York
$984K -$442K -5,074 -31%
PCMU
580
Paragon Capital Management (Utah)
Utah
$984K +$5.41K +62 +0.6%
AW
581
Alteri Wealth
California
$982K +$41.7K +478 +4%
CIR
582
Clear Investment Research
Georgia
$977K +$33.8K +388 +4%
William Blair & Company
583
William Blair & Company
Illinois
$977K -$330K -3,785 -25%
DWM
584
DecisionMap Wealth Management
Virginia
$967K +$77.3K +886 +9%
LFA
585
LGT Financial Advisors
Texas
$967K +$108K +1,234 +13%
CSP
586
Cary Street Partners
Virginia
$965K +$86.4K +991 +10%
KeyBank National Association
587
KeyBank National Association
Ohio
$959K -$221K -2,536 -19%
AFO
588
Arrowroot Family Office
California
$956K +$945K +10,838 New
CICI
589
Capital Investment Counsel Inc
North Carolina
$944K +$293K +3,365 +46%
MC
590
Moors & Cabot
Massachusetts
$944K -$33.5K -384 -3%
HL
591
HeadInvest LLC
Maine
$940K
EWA
592
Emergent Wealth Advisors
New York
$935K -$53.6K -615 -5%
NW
593
NewEdge Wealth
Pennsylvania
$931K -$403K -4,627 -30%
CHAM
594
Clear Harbor Asset Management
Connecticut
$931K +$920K +10,553 New
AAS
595
Ameritas Advisory Services
Nebraska
$924K -$999K -11,458 -52%
PCMH
596
Polymer Capital Management (HK)
Hong Kong
$908K -$10.1M -115,300 -92%
LA
597
Lifeworks Advisors
Michigan
$903K -$304K -3,483 -25%
PAS
598
PKS Advisory Services
New York
$884K -$7.41K -85 -0.8%
PMAM
599
Picton Mahoney Asset Management
Ontario, Canada
$883K
CWMGP
600
Capstone Wealth Management Group (Pennsylvania)
Pennsylvania
$880K -$3.56M -40,873 -80%

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.