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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
TC
126
Trilogy Capital
California
$18.9M +$18.7M +214,285 New
OPCM
127
Osborne Partners Capital Management
California
$18.9M +$843K +9,672 +5%
AAS
128
Avantax Advisory Services
Texas
$18.8M -$518K -5,936 -3%
SAM
129
Stansberry Asset Management
Texas
$18.8M +$18.6M +212,783 New
BAM
130
BOS Asset Management
Illinois
$18.4M -$781K -8,954 -4%
P
131
&Partners
Tennessee
$17.6M +$2.78M +31,835 +19%
EW
132
Evoke Wealth
California
$17.6M -$4.35M -49,947 -20%
PEAK6
133
PEAK6
Illinois
$17.3M +$2.39M +27,456 +16%
Thrivent Financial for Lutherans
134
Thrivent Financial for Lutherans
Minnesota
$17.2M +$1.73M +19,853 +11%
ASN
135
Advisory Services Network
Georgia
$17.2M +$6.32M +72,475 +58%
FFA
136
Farther Finance Advisors
California
$16.8M +$8.58M +98,399 +107%
IMC Chicago
137
IMC Chicago
Illinois
$16.6M -$54.3M -623,005 -77%
CF
138
Centaurus Financial
California
$16.6M +$754K +8,652 +5%
SW
139
SlateStone Wealth
Florida
$16.4M -$996K -11,420 -6%
CFO
140
Custos Family Office
Texas
$16.3M +$9.1M +104,368 +129%
IA
141
Integrity Alliance
Iowa
$16.3M -$7.94M -91,038 -33%
EWA
142
Exencial Wealth Advisors
Oklahoma
$16.1M +$167K +1,921 +1%
HF
143
HRT Financial
New York
$16M +$15.8M +181,413 New
OLVIG
144
Oliver Lagore Vanvalin Investment Group
Michigan
$15.8M +$15.1M +173,296 New
FMTCOCP
145
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$15.4M +$3.1M +35,583 +26%
BEI
146
Benjamin Edwards Inc
Missouri
$15.4M +$5.02M +57,588 +49%
QWM
147
Quaker Wealth Management
New Jersey
$15.3M +$15.2M +173,786 New
TA
148
TCM Advisors
West Virginia
$15.2M
National Bank of Canada
149
National Bank of Canada
Quebec, Canada
$14.9M +$9.67M +110,851 +190%
Man Group
150
Man Group
United Kingdom
$14.8M +$14.1M +161,905 +2,691%

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.