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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
CMP
1051
Coston McIsaac & Partners
Maine
$7K
AIC
1052
Archer Investment Corporation
Indiana
$6.97K
DWM
1053
Dogwood Wealth Management
Kansas
$6.97K +$7.06K +81 New
KB
1054
Kimelman & Baird
New York
$6.44K
PPA
1055
Painted Porch Advisors
California
$6.44K
OW
1056
Olistico Wealth
Oklahoma
$6.18K +$6.1K +70 New
BAM
1057
Bellevue Asset Management
Washington
$6.17K -$1.05K -12 -15%
RFG
1058
REAP Financial Group
Texas
$5.74K
APW
1059
Aventura Private Wealth
Florida
$5.65K
AUB
1060
Atlantic Union Bankshares
Virginia
$5.65K +$5.58K +64 New
IBOK
1061
Independence Bank of Kentucky
Kentucky
$5.56K
NSIM
1062
North Star Investment Management
Illinois
$5.12K +$5.06K +58 New
BBHC
1063
Brown Brothers Harriman & Co
New York
$5.03K -$23.3K -267 -82%
LWMI
1064
Legacy Wealth Management (Idaho)
Idaho
$4.94K
LIS
1065
Legacy Investment Solutions
Idaho
$4.94K +$4.88K +56 New
SWIM
1066
Smallwood Wealth Investment Management
New Jersey
$4.68K +$4.62K +53 New
PS
1067
PayPay Securities
Japan
$4.5K +$349 +4 +9%
WCM
1068
WealthTrak Capital Management
Virginia
$4.41K +$1.05K +12 +32%
TC
1069
Truvestments Capital
Florida
$4.24K
AIM
1070
Anchor Investment Management
South Carolina
$4.06K
VCM
1071
Versant Capital Management
Arizona
$4.06K
CIAS
1072
CBIZ Investment Advisory Services
Ohio
$3.99K
BCWM
1073
Bartlett & Co Wealth Management
Ohio
$3.97K
JHCP
1074
Jackson Hole Capital Partners
Oklahoma
$3.62K
MFC
1075
Morris Financial Concepts
South Carolina
$3.53K

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.