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iShares 20+ Year Treasury Bond ETF

1,179 hedge funds and large institutions have $41.8B invested in iShares 20+ Year Treasury Bond ETF in 2025 Q1 according to their latest regulatory filings, with 174 funds opening new positions, 432 increasing their positions, 456 reducing their positions, and 181 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more call options, than puts

Call options by funds: $15.9B | Put options by funds: $11.8B

22% more funds holding in top 10

Funds holding in top 10: 106129 (+23)

13% more capital invested

Capital invested by funds: $37.1B → $41.8B (+$4.68B)

8.85% more ownership

Funds ownership: 70.98%79.83% (+8.8%)

4% less first-time investments, than exits

New positions opened: 174 | Existing positions closed: 181

5% less repeat investments, than reductions

Existing positions increased: 432 | Existing positions reduced: 456

3% less funds holding

Funds holding: 1,2181,179 (-39)

Holders
1,179
Holders Change
-39
Holders Change %
-3.2%
% of All Funds
15.81%
Holding in Top 10
129
Holding in Top 10 Change
+23
Holding in Top 10 Change %
+21.7%
% of All Funds
1.73%
New
174
Increased
432
Reduced
456
Closed
181
Calls
$15.9B
Puts
$11.8B
Net Calls
+$4.1B
Net Calls Change
+$2.47B
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of New York Mellon
76
Bank of New York Mellon
New York
$45.1M -$40M -449,813 -48%
MML Investors Services
77
MML Investors Services
Massachusetts
$43.9M -$28.8M -323,943 -40%
Schroder Investment Management Group
78
Schroder Investment Management Group
United Kingdom
$43.3M +$42.2M +474,289 +7,775%
CFB
79
Cullen/Frost Bankers
Texas
$40.3M -$24.4M -273,708 -38%
IWM
80
IHT Wealth Management
Illinois
$39.8M -$18M -201,933 -32%
CWM
81
Cadence Wealth Management
Massachusetts
$39M +$849K +9,532 +2%
TIAA Trust, National Association
82
TIAA Trust, National Association
North Carolina
$38.8M +$3.72M +41,749 +11%
TA
83
Townsend & Associates
Colorado
$38.7M +$4.63M +52,026 +13%
CIA
84
Concurrent Investment Advisors
Florida
$37.8M -$1.16M -13,065 -3%
CCWM
85
Cassaday & Co Wealth Management
Virginia
$36.8M -$33.8M -379,453 -48%
WM
86
WS Management
Florida
$36.6M -$28.6M -320,865 -44%
KAS
87
Kestra Advisory Services
Texas
$36.3M -$3.36M -37,722 -9%
BBVA
88
Banco Bilbao Vizcaya Argentaria
Spain
$35.1M +$6M +67,362 +21%
BA
89
BCM Advisors
Louisiana
$34.7M -$65.9K -740 -0.2%
BIA
90
Bell Investment Advisors
California
$33.3M +$961K +10,798 +3%
Pictet Asset Management
91
Pictet Asset Management
Switzerland
$33.3M +$32.9M +369,205 New
SWP
92
Sagespring Wealth Partners
Tennessee
$33M +$6.32M +70,968 +24%
PA
93
Procyon Advisors
Connecticut
$33M +$827K +9,289 +3%
PNC Financial Services Group
94
PNC Financial Services Group
Pennsylvania
$32.8M +$1.36M +15,309 +4%
SMFG
95
Sumitomo Mitsui Financial Group
Japan
$32.1M -$337K -3,789 -1%
OIA
96
OneDigital Investment Advisors
Kansas
$31.9M -$839K -9,421 -3%
CM
97
Castleark Management
Illinois
$31.1M +$13.5M +151,300 +79%
Point72 Asset Management
98
Point72 Asset Management
Connecticut
$29.6M +$15.6M +175,000 +117%
MG
99
Marex Group
$29.4M +$1.83M +20,609 +7%
AAG
100
Armstrong Advisory Group
Massachusetts
$28.9M

TLT Hedge Fund Activity: Q1 2025 in Review

1,179 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in iShares 20+ Year Treasury Bond ETF (TLT) for Q1 2025, worth a combined $41.8B — up 13% from $37.1B a quarter earlier.

Sellers outnumbered buyers: 181 funds closed out of TLT and 174 opened new positions — a net loss of 7 holders — while 456 trimmed existing stakes and 432 added.

The largest buyer was Citigroup, adding an estimated $2.19B. The largest seller was Envestnet Asset Management, cutting an estimated $791M.

  • 1,179 institutional investors held iShares 20+ Year Treasury Bond ETF (TLT) as of Q1 2025, down from 1,218 in Q4 2024.
  • Funds reported $41.8B of iShares 20+ Year Treasury Bond ETF stock for Q1 2025, up 13% quarter-over-quarter.
  • 174 funds opened new iShares 20+ Year Treasury Bond ETF positions in Q1 2025 and 181 closed out, a net change of -7 holders.
  • The largest iShares 20+ Year Treasury Bond ETF buyer in Q1 2025 was Citigroup, an estimated $2.19B added.
  • The largest iShares 20+ Year Treasury Bond ETF seller in Q1 2025 was Envestnet Asset Management, an estimated $791M sold.

Based on aggregated 13F filings for Q1 2025.