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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
DWA
1201
Dorsey Wright & Associates
California
-$627K -6,893 Closed
FCI
1202
Financial Counselors Inc
Kansas
-$621K -6,822 Closed
NG
1203
Norden Group
Utah
-$619K -6,796 Closed
APSPRSPT
1204
Arizona Public Safety Personnel Retirement System (PSPRS) Trust
Arizona
-$601K -6,601 Closed
VCA
1205
Verdence Capital Advisors
Maryland
-$595K -6,537 Closed
DWM
1206
Diversify Wealth Management
Utah
-$578K -6,404 Closed
PWG
1207
Portside Wealth Group
Utah
-$581K -6,382 Closed
PCS
1208
Personal CFO Solutions
New Jersey
-$556K -6,110 Closed
PWP
1209
Prasad Wealth Partners
Ohio
-$551K -6,058 Closed
TPA
1210
Trivium Point Advisory
Connecticut
-$544K -5,974 Closed
OFA
1211
Oak Family Advisors
Illinois
-$539K -5,917 Closed
SAM
1212
Synergy Asset Management
Washington
-$539K -5,917 Closed
AHIA
1213
Andrew Hill Investment Advisors
Florida
-$521K -5,725 Closed
VAM
1214
Vienna Asset Management
California
-$516K -5,671 Closed
SL
1215
SWMG LLC
Texas
-$495K -5,567 Closed
BW
1216
Balance Wealth
Ohio
-$496K -5,446 Closed
EFG
1217
Elios Financial Group
Ohio
-$462K -5,073 Closed
PFA
1218
Pettinga Financial Advisors
Indiana
-$459K -5,043 Closed
CB
1219
Cadence Bank
Mississippi
-$408K -4,480 Closed
FEM
1220
Fulcrum Equity Management
Texas
-$388K -4,258 Closed
IWP
1221
Innova Wealth Partners
Pennsylvania
-$386K -4,239 Closed
FPW
1222
Fairvoy Private Wealth
Alabama
-$365K -4,012 Closed
MA
1223
MCF Advisors
Kentucky
-$354K -3,893 Closed
WEG
1224
World Equity Group
Illinois
-$351K -3,852 Closed
DFP
1225
Defined Financial Planning
California
-$347K -3,797 Closed

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.