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
NWA
726
Navis Wealth Advisors
New York
$472K
SI
727
Saxon Interests
Texas
$464K
SDH
728
Sloy Dahl & Holst
Washington
$463K +$225K +2,580 +97%
AA
729
Armis Advisers
Georgia
$463K -$22.4K -257 -5%
FFG
730
Fiduciary Financial Group
California
$462K +$457K +5,243 New
BWM
731
BCGM Wealth Management
Indiana
$462K -$10.6K -121 -2%
SFWA
732
Summit Financial Wealth Advisors
Louisiana
$462K +$151K +1,730 +49%
WCG
733
Weaver Consulting Group
California
$459K +$73.7K +845 +19%
FSA
734
Fort Sheridan Advisors
Illinois
$459K -$10.2K -117 -2%
FRA
735
FFG Retirement Advisors
Colorado
$451K -$87.2K -1,000 -16%
SHFP
736
Second Half Financial Partners
Florida
$449K +$66.9K +767 +18%
SPAS
737
Spectrum Planning & Advisory Services
California
$447K -$698K -8,006 -61%
BIA
738
Barry Investment Advisors
Massachusetts
$442K +$87 +1 +0%
WMWM
739
Wilkins Miller Wealth Management
Alabama
$442K +$436K +5,005 New
WSWA
740
Warren Street Wealth Advisors
California
$441K +$436K +5,000 New
FFA
741
Fragasso Financial Advisors
Pennsylvania
$440K +$18.7K +214 +4%
HBS
742
Howard Bailey Securities
Indiana
$439K -$174 -2 -0%
FFA
743
Florida Financial Advisors
Florida
$437K +$201K +2,310 +87%
HWM
744
HB Wealth Management
Georgia
$430K +$113K +1,295 +36%
5W
745
5T Wealth
California
$428K -$662K -7,592 -61%
TFA
746
Tranquilli Financial Advisor
New Jersey
$425K -$370K -4,247 -47%
HWA
747
HCR Wealth Advisors
California
$424K +$4.36K +50 +1%
Hotchkis & Wiley Capital Management
748
Hotchkis & Wiley Capital Management
California
$424K +$419K +4,800 New
MWA
749
Meridian Wealth Advisors
Texas
$423K +$225K +2,579 +116%
BCA
750
Bay Colony Advisors
Massachusetts
$423K -$3.2M -36,710 -88%

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.