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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
CIA
851
Compass Ion Advisors
Pennsylvania
$260K +$257K +2,950 New
MCM
852
Mendel Capital Management
Arkansas
$255K -$13.3K -153 -5%
PS
853
Principal Securities
Iowa
$255K -$11.2M -128,067 -98%
WWM
854
Western Wealth Management
Colorado
$254K -$25.7K -295 -9%
MS
855
Maven Securities
Jersey
$254K +$251K +2,873 New
OA
856
Oxbow Advisors
Texas
$252K +$249K +2,860 New
CWM
857
Cornerstone Wealth Management
Missouri
$252K -$1.74K -20 -0.7%
GWP
858
Gateway Wealth Partners
Wisconsin
$251K +$248K +2,841 New
VFPW
859
Vantage Financial Partners (Wisconsin)
Wisconsin
$250K -$34.9K -400 -12%
GFA
860
Gallagher Fiduciary Advisors
Illinois
$244K +$241K +2,760 New
CCM
861
Cox Capital Management
Massachusetts
$242K +$959 +11 +0.4%
MFS
862
Madrona Financial Services
Washington
$242K -$228K -2,617 -49%
GWM
863
GK Wealth Management
Nevada
$241K -$247K -2,838 -51%
WT
864
Whittier Trust
California
$241K +$11.6K +133 +5%
RCP
865
Rothschild Capital Partners
New York
$239K +$236K +2,708 New
HFO
866
Heritage Family Offices
Arizona
$237K
PM
867
Penbrook Management
New York
$236K
C
868
Certuity
Florida
$236K +$26.7K +306 +13%
OCM
869
Objective Capital Management
Ohio
$235K +$32.7K +375 +16%
SIM
870
Seaview Investment Managers
Florida
$235K +$36.5K +419 +19%
MMCM
871
Murphy & Mullick Capital Management
New York
$234K -$12.9K -148 -5%
NAS
872
NWF Advisory Services
California
$233K -$6.71K -77 -3%
WFA
873
Wells Financial Advisors
Massachusetts
$233K
SSWM
874
Strait & Sound Wealth Management
California
$233K -$8.46K -97 -4%
WCFA
875
Walkner Condon Financial Advisors
Wisconsin
$233K -$1.22K -14 -0.5%

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.