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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
FFN
601
Focus Financial Network
Minnesota
$873K +$93K +1,067 +12%
NFP
602
Narus Financial Partners
Utah
$869K +$22.1K +253 +3%
GSEP
603
Golden State Equity Partners
California
$864K -$831K -9,527 -49%
CA
604
Claro Advisors
Massachusetts
$864K -$69.6K -798 -8%
FTS
605
Fifth Third Securities
Ohio
$863K +$43.5K +499 +5%
BB
606
Burford Brothers
Texas
$859K +$178K +2,037 +26%
HA
607
Helium Advisors
Washington
$855K +$74.7K +857 +10%
LCM
608
Leisure Capital Management
California
$853K -$192K -2,207 -19%
VFA
609
Valeo Financial Advisors
Indiana
$849K +$6.99M +80,213 New
CSC
610
Caldwell Sutter Capital
California
$833K -$23.1K -265 -3%
IWA
611
Icon Wealth Advisors
Texas
$829K +$710K +8,142 +650%
KWM
612
Keebeck Wealth Management
Illinois
$828K +$209K +2,395 +34%
SGI
613
Summit Global Investments
Utah
$820K -$609K -6,989 -43%
CC
614
Carlson Capital
Texas
$812K +$802K +9,200 New
PFA
615
Petra Financial Advisors
Colorado
$809K -$8.02K -92 -1%
SWM
616
SeaCrest Wealth Management
New York
$809K +$246K +2,821 +44%
SVWG
617
Shared Vision Wealth Group
United States
$804K -$285K -3,264 -26%
LWA
618
Lantern Wealth Advisors
New York
$792K +$782K +8,974 New
AAM
619
Advisors Asset Management
Colorado
$792K +$49.7K +570 +7%
SFS
620
Security Financial Services
Indiana
$792K +$111K +1,274 +17%
EWA
621
EverSource Wealth Advisors
Alabama
$789K +$546K +6,262 +234%
JWCA
622
J.W. Coons Advisors
Ohio
$786K -$26.2K -300 -3%
KIM
623
Kestra Investment Management
Texas
$785K +$373K +4,275 +96%
AWM
624
Able Wealth Management
New Jersey
$775K +$444K +5,093 +138%
AGA
625
Arkos Global Advisors
Texas
$768K

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.