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iShares 20+ Year Treasury Bond ETF

1,179 hedge funds and large institutions have $41.8B invested in iShares 20+ Year Treasury Bond ETF in 2025 Q1 according to their latest regulatory filings, with 174 funds opening new positions, 432 increasing their positions, 456 reducing their positions, and 181 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more call options, than puts

Call options by funds: $15.9B | Put options by funds: $11.8B

22% more funds holding in top 10

Funds holding in top 10: 106129 (+23)

13% more capital invested

Capital invested by funds: $37.1B → $41.8B (+$4.68B)

8.85% more ownership

Funds ownership: 70.98%79.83% (+8.8%)

4% less first-time investments, than exits

New positions opened: 174 | Existing positions closed: 181

5% less repeat investments, than reductions

Existing positions increased: 432 | Existing positions reduced: 456

3% less funds holding

Funds holding: 1,2181,179 (-39)

Holders
1,179
Holders Change
-39
Holders Change %
-3.2%
% of All Funds
15.81%
Holding in Top 10
129
Holding in Top 10 Change
+23
Holding in Top 10 Change %
+21.7%
% of All Funds
1.73%
New
174
Increased
432
Reduced
456
Closed
181
Calls
$15.9B
Puts
$11.8B
Net Calls
+$4.1B
Net Calls Change
+$2.47B
Name Holding Trade Value Shares
Change
Change in
Stake
PCMU
651
Paragon Capital Management (Utah)
Utah
$1.01M +$19.9K +223 +2%
MC
652
Moors & Cabot
Massachusetts
$1.01M +$70.4K +791 +8%
AR
653
Apeiron RIA
Texas
$1M -$715K -8,037 -42%
SMAM
654
Sugar Maple Asset Management
Wisconsin
$1M +$979K +11,000 New
SWM
655
SFG Wealth Management
Maryland
$999K -$89K -1,000 -8%
PCM
656
Prelude Capital Management
New York
$995K -$2.05M -23,001 -68%
WA
657
Wealth Alliance
New York
$993K -$2.37M -26,586 -71%
DA
658
Detalus Advisors
Missouri
$992K -$499K -5,606 -34%
AIM
659
Anatole Investment Management
Hong Kong
$983K +$962K +10,802 New
Zurich Cantonal Bank
660
Zurich Cantonal Bank
Switzerland
$980K -$968K -10,875 -50%
CIR
661
Clear Investment Research
Georgia
$973K -$29K -326 -3%
HL
662
HeadInvest LLC
Maine
$970K +$4.45K +50 +0.5%
AW
663
Alteri Wealth
California
$969K +$197K +2,209 +26%
CA
664
Claro Advisors
Massachusetts
$964K -$513K -5,758 -35%
TFA
665
Toth Financial Advisory
Virginia
$955K +$934K +10,487 New
SWM
666
SpringVest Wealth Management
Texas
$954K -$27.6K -310 -3%
WFS
667
WealthGarden F.S.
California
$952K -$308K -3,465 -25%
MWM
668
Maripau Wealth Management
Indiana
$940K -$217K -2,441 -19%
UAS
669
United Asset Strategies
New York
$937K +$356K +4,004 +64%
RWM
670
Ritholtz Wealth Management
New York
$930K +$390K +4,380 +75%
PAS
671
PKS Advisory Services
New York
$920K +$899K +10,104 New
DWM
672
DecisionMap Wealth Management
Virginia
$917K +$85.2K +957 +10%
PMAM
673
Picton Mahoney Asset Management
Ontario, Canada
$910K
IUHSA
674
Itau Unibanco Holding S.A.
Brazil
$910K +$890K +10,000 New
CSP
675
Cary Street Partners
Virginia
$905K -$142K -1,597 -14%

TLT Hedge Fund Activity: Q1 2025 in Review

1,179 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in iShares 20+ Year Treasury Bond ETF (TLT) for Q1 2025, worth a combined $41.8B — up 13% from $37.1B a quarter earlier.

Sellers outnumbered buyers: 181 funds closed out of TLT and 174 opened new positions — a net loss of 7 holders — while 456 trimmed existing stakes and 432 added.

The largest buyer was Citigroup, adding an estimated $2.19B. The largest seller was Envestnet Asset Management, cutting an estimated $791M.

  • 1,179 institutional investors held iShares 20+ Year Treasury Bond ETF (TLT) as of Q1 2025, down from 1,218 in Q4 2024.
  • Funds reported $41.8B of iShares 20+ Year Treasury Bond ETF stock for Q1 2025, up 13% quarter-over-quarter.
  • 174 funds opened new iShares 20+ Year Treasury Bond ETF positions in Q1 2025 and 181 closed out, a net change of -7 holders.
  • The largest iShares 20+ Year Treasury Bond ETF buyer in Q1 2025 was Citigroup, an estimated $2.19B added.
  • The largest iShares 20+ Year Treasury Bond ETF seller in Q1 2025 was Envestnet Asset Management, an estimated $791M sold.

Based on aggregated 13F filings for Q1 2025.