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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
NFC
901
Northstar Financial Companies
Pennsylvania
$212K -$308K -3,530 -60%
BA
902
Ballast Advisors
Minnesota
$212K +$18.7K +214 +10%
MWA
903
Midland Wealth Advisors
Illinois
$211K -$1.92M -21,973 -90%
MFGM
904
Marshall Financial Group (Maryland)
Maryland
$211K -$12.6K -144 -6%
MWA
905
Medallion Wealth Advisors
Connecticut
$210K -$25.2K -289 -11%
SFA
906
Sequoia Financial Advisors
Ohio
$209K -$20.1K -230 -9%
SFG
907
Sovereign Financial Group
Connecticut
$209K -$100K -1,151 -33%
FHC
908
First Heartland Consultants
Missouri
$209K -$75.6K -867 -27%
WRPWM
909
Werba Rubin Papier Wealth Management
California
$208K +$206K +2,357 New
AWM
910
Aprio Wealth Management
Georgia
$207K -$42.6K -489 -17%
RBFC
911
Roman Butler Fullerton & Co
Missouri
$207K -$170K -1,949 -45%
BFS
912
BridgePort Financial Solutions
Iowa
$206K -$1.05K -12 -0.5%
ISFAN
913
Investor's Fiduciary Advisor Network
Washington
$206K -$353K -4,044 -63%
C1AG
914
Client 1st Advisory Group
Florida
$205K -$1.16M -13,282 -85%
FWA
915
FSC Wealth Advisors
New York
$204K -$6.37K -73 -3%
HA
916
Huntleigh Advisors
Missouri
$204K -$135K -1,543 -40%
COCM
917
Charter Oak Capital Management
New Hampshire
$204K -$37.1K -426 -16%
AWM
918
Alterna Wealth Management
Texas
$201K -$10K -115 -5%
PP
919
Pingora Partners
Wyoming
$194K -$52.3K -600 -21%
PK
920
Pflug Koory
Nebraska
$186K
MAS
921
MPWM Advisory Solutions
Georgia
$174K +$1.92K +22 +1%
BTI
922
Blue Trust Inc
Georgia
$170K -$610 -7 -0.4%
JWA
923
JFS Wealth Advisors
Pennsylvania
$167K +$82.8K +950 +101%
Q1WB
924
Quest 10 Wealth Builders
Virginia
$166K +$14.3K +164 +10%
MCA
925
Maryland Capital Advisors
Maryland
$156K

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.