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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
GIA
201
Gladstone Institutional Advisory
Florida
$11.7M +$388K +4,362 +4%
VVP
202
Venture Visionary Partners
Ohio
$11.6M +$690K +7,755 +6%
CC
203
Cultivar Capital
Texas
$11.6M +$389K +4,375 +4%
BCI
204
Brinker Capital Investments
Pennsylvania
$11.6M -$3M -33,692 -21%
OPS
205
Orion Portfolio Solutions
Nebraska
$11.6M -$3M -33,692 -21%
TWC
206
TD Waterhouse Canada
Ontario, Canada
$11.5M +$3.19M +35,850 +40%
AP
207
Advisors Preferred
Maryland
$11.5M +$6.29M +70,615 +129%
PS
208
Principal Securities
Iowa
$11.4M
TD Asset Management
209
TD Asset Management
Ontario, Canada
$11.4M -$451K -5,071 -4%
PCMH
210
Polymer Capital Management (HK)
Hong Kong
$11.4M -$178K -2,000 -2%
LAS
211
Legacy Advisory Services
Pennsylvania
$11.4M -$826K -9,280 -7%
ASN
212
Advisory Services Network
Georgia
$11.4M -$477K -5,353 -4%
SWM
213
Spire Wealth Management
Virginia
$11.4M +$8.15M +91,534 +275%
FEG
214
Fund Evaluation Group
Ohio
$11.3M -$101K -1,140 -0.9%
Jones Financial Companies
215
Jones Financial Companies
Missouri
$11.2M -$793K -8,909 -7%
RWP
216
RWA Wealth Partners
Massachusetts
$11.2M +$10.9M +122,818 New
EH
217
Equitable Holdings
New York
$11M +$358K +4,020 +3%
SWA
218
SFMG Wealth Advisors
Texas
$10.9M -$167K -1,873 -2%
AWA
219
Adapt Wealth Advisors
Georgia
$10.9M +$3.43M +38,582 +48%
FWM
220
Foguth Wealth Management
Michigan
$10.8M +$9.75M +109,526 +1,191%
BEI
221
Benjamin Edwards Inc
Missouri
$10.6M +$7.81M +87,745 +305%
FHA
222
First Horizon Advisors
Tennessee
$10.5M -$1.46M -16,357 -12%
RWPA
223
Richard W. Paul & Associates
Michigan
$10.5M +$183K +2,055 +2%
SAMU
224
SONA Asset Management (US)
New York
$10.5M +$10.2M +115,000 New
HGWM
225
Horst & Graben Wealth Management
Oregon
$10.5M -$6.37M -71,563 -38%

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.