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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
PFA
751
Professional Financial Advisors
Nebraska
$422K -$743K -8,523 -64%
VWA
752
Visionary Wealth Advisors
Illinois
$421K +$416K +4,776 New
AR
753
Apeiron RIA
Texas
$419K -$548K -6,281 -57%
FA
754
Fiduciary Alliance
South Carolina
$419K -$22.9K -263 -5%
VFG
755
Victory Financial Group
Texas
$419K +$414K +4,744 New
GVCM
756
Global View Capital Management
Wisconsin
$417K +$63.9K +733 +18%
RIP
757
RAM Investment Partners
Washington
$416K
WFA
758
WMG Financial Advisors
Tennessee
$415K -$16.8K -193 -4%
AA
759
Advisory Alpha
Michigan
$415K -$20.5K -235 -5%
CCG
760
Coastwise Capital Group
California
$415K +$47.1K +540 +13%
RFC
761
Regions Financial Corp
Alabama
$410K -$15.1K -173 -4%
WI
762
Wedgewood Investors
Pennsylvania
$407K
MWM
763
Maripau Wealth Management
Indiana
$407K -$499K -5,720 -55%
BFG
764
Beacon Financial Group
Texas
$406K +$166K +1,902 +70%
AAM
765
American Asset Management
Florida
$403K +$107K +1,226 +37%
PIM
766
Pinnacle Investment Management
Hong Kong
$397K -$4.84M -55,500 -93%
GF
767
Gries Financial
Ohio
$396K -$167K -1,919 -30%
MFP
768
Meridian Financial Partners
Virginia
$393K -$230K -2,636 -37%
MFA
769
Mayflower Financial Advisors
Massachusetts
$392K -$713K -8,179 -65%
CWM
770
Congress Wealth Management
Massachusetts
$390K +$24.7K +283 +7%
TWP
771
Triad Wealth Partners
Kansas
$390K +$184K +2,110 +91%
PP
772
Patten & Patten
Tennessee
$390K -$31.7K -364 -8%
NWMG
773
National Wealth Management Group
Ohio
$389K -$86.9K -997 -18%
TA
774
TruWealth Advisors
Louisiana
$389K +$142K +1,629 +59%
CWAF
775
Core Wealth Advisors (Florida)
Florida
$388K +$383K +4,393 New

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.