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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
DRS
126
Deane Retirement Strategies
Louisiana
$22.2M +$627K +7,047 +3%
JSW
127
Journey Strategic Wealth
New Jersey
$22.1M -$3.56M -39,969 -14%
Corient Private Wealth
128
Corient Private Wealth
Florida
$21.8M +$10.3M +116,079 +94%
FIA
129
Foundations Investment Advisors
Arizona
$21.7M -$16.1M -180,870 -43%
PAG
130
Private Advisor Group
New Jersey
$20.5M +$3.44M +38,635 +21%
AAS
131
Avantax Advisory Services
Texas
$19.9M -$6.06M -68,068 -24%
BAM
132
BOS Asset Management
Illinois
$19.8M -$415K -4,663 -2%
RFL
133
RD Finance Ltd
Cyprus
$19.7M +$19.3M +216,360 New
CFIA
134
Cantor Fitzgerald Investment Advisors
New York
$19.4M +$1.35M +15,162 +8%
Marshall Wace
135
Marshall Wace
United Kingdom
$19.4M +$11.4M +128,382 +152%
Northern Trust
136
Northern Trust
Illinois
$18.9M -$1.82M -20,443 -9%
NA
137
NewEdge Advisors
Louisiana
$18.8M -$18.6M -208,867 -50%
CPO
138
Cerity Partners OCIO
New York
$18.8M -$2.03M -22,860 -10%
WJA
139
Willis Johnson & Associates
Texas
$18.6M +$830K +9,321 +5%
OPCM
140
Osborne Partners Capital Management
California
$18.6M +$1.54M +17,354 +9%
Neuberger Berman Group
141
Neuberger Berman Group
New York
$18.5M -$1.02M -11,409 -5%
SIA
142
Strategic Investment Advisors
Michigan
$18.5M +$18.1M +202,899 New
SW
143
SlateStone Wealth
Florida
$18M +$3.96M +44,530 +29%
Kovitz Investment Group Partners
144
Kovitz Investment Group Partners
Illinois
$17.8M +$8.41M +94,468 +93%
KPWS
145
Kestra Private Wealth Services
Texas
$17.8M -$2.69M -30,196 -13%
DADC
146
D.A. Davidson & Co
Montana
$17.6M +$7.25M +81,478 +73%
Wealth Enhancement Advisory Services
147
Wealth Enhancement Advisory Services
Minnesota
$16.5M -$938K -10,538 -5%
Toronto Dominion Bank
148
Toronto Dominion Bank
Ontario, Canada
$16.5M +$7.63M +85,706 +90%
EWA
149
Exencial Wealth Advisors
Oklahoma
$16.4M +$67.2K +755 +0.4%
HBWM
150
Hollow Brook Wealth Management
New York
$16.3M +$9.38M +105,360 +142%

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.