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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
KFS
776
Kelly Financial Services
Massachusetts
$382K +$53.4K +612 +16%
PB
777
Pinnacle Bancorp
Nebraska
$381K
RPCA
778
Running Point Capital Advisors
California
$380K +$30.5K +350 +9%
MWM
779
Mascagni Wealth Management
Mississippi
$380K +$89.8K +1,030 +31%
BPWM
780
BCS Private Wealth Management
New Jersey
$377K +$373K +4,275 New
GSWM
781
Golden State Wealth Management
California
$375K -$184K -2,108 -33%
CFA
782
Cahill Financial Advisors
Minnesota
$371K +$14.7K +169 +4%
SF
783
Synovus Financial
Georgia
$361K -$5.67K -65 -2%
UAG
784
United Advisor Group
Ohio
$361K -$394K -4,516 -52%
EFG
785
Ethos Financial Group
Pennsylvania
$357K -$405K -4,646 -53%
EGA
786
Eagle Global Advisors
Texas
$357K
IP
787
Intellectus Partners
California
$356K +$48.1K +552 +16%
AWE
788
Avidian Wealth Enterprises
Texas
$355K -$101K -1,157 -22%
PTC
789
Private Trust Company
Ohio
$353K -$227K -2,606 -39%
HR
790
Howe & Rusling
New York
$351K +$5.49K +63 +2%
TFP
791
Traction Financial Partners
Wyoming
$350K +$346K +3,964 New
PWPS
792
Pinnacle Wealth Planning Services
Ohio
$346K -$309K -3,542 -47%
TWM
793
TSA Wealth Management
Texas
$343K -$435K -4,985 -56%
CWP
794
Cyndeo Wealth Partners
Florida
$336K -$988K -11,332 -75%
CC
795
Chicago Capital
Illinois
$335K +$331K +3,800 New
UB
796
UMB Bank
Missouri
$335K -$44.9K -515 -12%
WPW
797
Watershed Private Wealth
Illinois
$332K -$125K -1,437 -28%
SFO
798
Stokes Family Office
Louisiana
$330K -$254K -2,911 -44%
RCA
799
Ranch Capital Advisors
Florida
$329K +$2.62K +30 +0.8%
RIA
800
Realta Investment Advisors
Delaware
$328K -$389K -4,463 -55%

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.