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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
JFGIW
651
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$690K -$163K -1,875 -19%
OWA
652
One Wealth Advisors
California
$690K -$894K -10,257 -57%
MIFH
653
Migdal Insurance & Financial Holdings
Israel
$687K +$679K +7,785 New
FIB
654
First Interstate Bank
Montana
$674K -$1.17M -13,470 -64%
SG
655
StoneX Group
New York
$667K +$329K +3,770 +100%
KFGK
656
Keystone Financial Group (Kentucky)
Kentucky
$666K +$54.5K +625 +9%
AV
657
Alamea Verwaltungs
New Jersey
$662K
BCG
658
BayBridge Capital Group
California
$657K +$37.9K +435 +6%
SF
659
Slagle Financial
Illinois
$655K -$30.9K -354 -5%
EC
660
Elequin Capital
New York
$648K +$558K +6,397 +675%
M
661
MATAURO
New York
$648K +$93.5K +1,072 +17%
CAWM
662
Capital Advisors Wealth Management
Washington
$645K +$3.31K +38 +0.5%
AFO
663
Aurelius Family Office
New Hampshire
$644K -$15.1K -173 -2%
MT
664
Midwest Trust
Kansas
$643K +$635K +7,282 New
CI
665
CX Institutional
Indiana
$641K -$45.4M -521,226 -99%
BFP
666
Briaud Financial Planning
Texas
$641K -$18K -206 -3%
DF
667
Dunhill Financial
United Kingdom
$640K +$632K +7,246 New
HA
668
Herold Advisors
New York
$639K +$167K +1,916 +36%
RWP
669
RWA Wealth Partners
Massachusetts
$626K -$10.1M -115,723 -94%
SIS
670
Strategic Investment Solutions
Illinois
$624K -$1.02M -11,690 -62%
OPOWM
671
One Plus One Wealth Management
Florida
$622K +$37.2K +427 +6%
CPRC
672
Consolidated Portfolio Review Corp
New York
$620K +$73.9K +847 +14%
NL
673
NWAM LLC
Washington
$616K +$617K +7,073 New
MWM
674
MY Wealth Management
Maryland
$607K -$14.4M -164,838 -96%
DBRC
675
D.B. Root & Company
Pennsylvania
$607K +$52.3K +600 +10%

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.