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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
BCM
151
Brookstone Capital Management
Illinois
$14.8M -$784K -8,992 -5%
Wealth Enhancement Advisory Services
152
Wealth Enhancement Advisory Services
Minnesota
$14.7M -$1.06M -12,196 -7%
Jones Financial Companies
153
Jones Financial Companies
Missouri
$14.6M +$3.71M +42,531 +34%
SW
154
Simplicity Wealth
New Jersey
$14.3M +$13M +149,014 +1,169%
GSWM
155
Greenup Street Wealth Management
Michigan
$14.1M -$540K -6,190 -4%
PFS
156
Prospera Financial Services
Texas
$14.1M -$1.13M -12,914 -7%
SA
157
Sicart Associates
New York
$13.9M -$914K -10,477 -6%
GBWM
158
Granite Bay Wealth Management
New Hampshire
$13.7M +$1.97M +22,538 +17%
Neuberger Berman Group
159
Neuberger Berman Group
New York
$13.7M -$4.21M -48,229 -24%
WFI
160
West Family Investments
California
$13.5M +$1.09M +12,542 +11%
ECM
161
ExodusPoint Capital Management
New York
$13.5M +$5.78M +66,235 +76%
AI
162
Atria Investments
North Carolina
$13.5M +$898K +10,304 +7%
OAM
163
Occidental Asset Management
California
$13.3M +$12.9M +147,864 +5,009%
Carson Wealth (CWM LLC)
164
Carson Wealth (CWM LLC)
Nebraska
$13.1M -$2.09M -24,022 -14%
FWA
165
FORM Wealth Advisors
Wisconsin
$13.1M +$4.23M +48,550 +48%
CCA
166
Cadent Capital Advisors
Oklahoma
$12.8M -$103K -1,180 -0.8%
CF
167
Clarity Financial
Texas
$12.7M +$535K +6,138 +4%
PIA
168
Perennial Investment Advisors
California
$12.5M +$5.43M +62,292 +79%
ACM
169
Avos Capital Management
Washington
$12.3M +$3.63M +41,610 +43%
WMA
170
Wealth Management Associates
New Jersey
$12.2M +$146K +1,669 +1%
Fisher Asset Management
171
Fisher Asset Management
Washington
$12.2M -$1.84M -21,051 -13%
QOP
172
Quinn Opportunity Partners
Virginia
$12.2M -$10.7M -123,000 -47%
GCM
173
Granby Capital Management
Florida
$12.2M
SPIA
174
Steward Partners Investment Advisory
New York
$12.1M +$2.27M +26,075 +23%
Tudor Investment Corp
175
Tudor Investment Corp
Connecticut
$12M +$11.8M +135,436 New

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.