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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
DWM
176
Dakota Wealth Management
Florida
$11.8M +$3.13M +35,894 +37%
CC
177
Cultivar Capital
Texas
$11.7M +$390K +4,476 +4%
LI
178
LifeWealth Investments
Florida
$11.5M +$2.43M +27,896 +27%
VVP
179
Venture Visionary Partners
Ohio
$11.5M +$246K +2,823 +2%
HGWM
180
Horst & Graben Wealth Management
Oregon
$11.4M +$1.28M +14,690 +13%
Amundi
181
Amundi
France
$11.2M
PCM
182
Penserra Capital Management
California
$11M +$10.9M +124,714 New
ODIJL
183
One Day In July LLC
Vermont
$11M +$1.77M +20,253 +19%
FEG
184
Fund Evaluation Group
Ohio
$10.9M -$74.6K -856 -0.7%
AWA
185
Adapt Wealth Advisors
Georgia
$10.9M +$338K +3,879 +3%
Corient Private Wealth
186
Corient Private Wealth
Florida
$10.9M -$10.2M -116,533 -49%
RWPA
187
Richard W. Paul & Associates
Michigan
$10.7M +$570K +6,542 +6%
EH
188
Equitable Holdings
New York
$10.6M -$11.6K -133 -0.1%
CM
189
Capula Management
Cayman Islands
$10.6M -$4.28M -49,050 -29%
SWP
190
ShoreHaven Wealth Partners
New Jersey
$10.4M +$2.86M +32,754 +38%
QPWM
191
Quadrant Private Wealth Management
Pennsylvania
$10.4M +$2.6M +29,872 +34%
PA
192
Persium Advisors
Georgia
$10.2M +$945K +10,841 +10%
KWM
193
Kingsview Wealth Management
Oregon
$9.97M +$509K +5,839 +5%
RFS
194
Retirement Financial Solutions
Tennessee
$9.89M +$71.2K +817 +0.7%
Schroder Investment Management Group
195
Schroder Investment Management Group
United Kingdom
$9.85M -$32.1M -367,720 -77%
SBLIC
196
Security Benefit Life Insurance Company
Kansas
$9.71M +$1.74M +20,000 +22%
AWM
197
AE Wealth Management
Kansas
$9.69M -$2.5M -28,679 -21%
ACM
198
Arlington Capital Management
Illinois
$9.69M -$5.88M -67,418 -38%
FIA
199
FPC Investment Advisory
California
$9.63M +$236K +2,706 +3%
SWA
200
SFMG Wealth Advisors
Texas
$9.6M -$980K -11,236 -9%

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.