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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
KCPG
801
Kavar Capital Partners Group
Kansas
$327K +$323K +3,700 New
CFS
802
Coordinated Financial Services
Colorado
$322K -$26.2K -300 -8%
FF
803
Friedenthal Financial
New Jersey
$321K +$294K +3,373 +1,292%
MWM
804
Modera Wealth Management
New Jersey
$320K +$78.6K +901 +33%
Renaissance Technologies
805
Renaissance Technologies
New York
$318K -$7.82M -89,686 -96%
MFG
806
Magnus Financial Group
New York
$317K -$52K -596 -14%
SW
807
SteelPeak Wealth
California
$317K -$26.1K -299 -8%
KA
808
Kovack Advisors
Florida
$316K -$10.1K -116 -3%
VA
809
Valmark Advisers
Ohio
$313K -$100K -1,147 -24%
KFS
810
Kaizen Financial Strategies
California
$312K +$308K +3,531 New
MCC
811
Money Concepts Capital
Florida
$310K +$306K +3,512 New
CS
812
Cannell & Spears
New York
$310K
CFG
813
Cooper Financial Group
California
$310K -$259K -2,965 -46%
SWM
814
SpringVest Wealth Management
Texas
$306K -$612K -7,015 -67%
CWS
815
Cypress Wealth Services
California
$303K -$128K -1,471 -30%
CL
816
Choreo LLC
Illinois
$302K -$703K -8,058 -70%
FPL
817
Fortress Private Ledger
North Carolina
$302K -$19.2K -220 -6%
MG
818
Mather Group
Illinois
$302K
JIP
819
Jaffetilchin Investment Partners
Florida
$300K +$2.18K +25 +0.7%
HFA
820
High Falls Advisors
New York
$297K -$176K -2,016 -37%
AWM
821
Avior Wealth Management
Nebraska
$295K -$101K -1,164 -26%
SCM
822
Saxony Capital Management
Missouri
$294K -$1.39M -15,984 -83%
SMC
823
Smith, Moore & Co
Missouri
$292K +$17.4K +200 +6%
SGI
824
Swan Global Investments
Colorado
$291K +$78.5K +900 +38%
PWM
825
Partners Wealth Management
California
$289K

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.