iShares 20+ Year Treasury Bond ETF
1,229 hedge funds and large institutions have $36.3B invested in iShares 20+ Year Treasury Bond ETF in 2024 Q4 according to their latest regulatory filings, with 250 funds opening new positions, 444 increasing their positions, 453 reducing their positions, and 183 closing their positions.
37% more first-time investments, than exits
New positions opened: 250 | Existing positions closed: 183
12% more call options, than puts
Call options by funds: $15B | Put options by funds: $13.4B
3% more funds holding
Funds holding: 1,191 → 1,229 (+38)
2% less repeat investments, than reductions
Existing positions increased: 444 | Existing positions reduced: 453
7.76% less ownership
Funds ownership: 78.94% → 71.17% (-7.8%)
18% less funds holding in top 10
Funds holding in top 10: 130 → 107 (-23)
60% less capital inflows, than outflows
Capital inflows: $4.19B | Capital outflows: $10.5B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capula Management
Grand Cayman,
Cayman Islands
|
+$480M |
| 2 |
Goldman Sachs
New York
|
+$258M |
| 3 |
State of Tennessee, Department of Treasury
Nashville,
Tennessee
|
+$205M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$154M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$131M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.7B |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.69B |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.26B |
| 4 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$848M |
| 5 |
Rafferty Asset Management
New York
|
-$495M |
TLT Hedge Fund Activity: Q4 2024 in Review
1,229 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in iShares 20+ Year Treasury Bond ETF (TLT) for Q4 2024, worth a combined $36.3B — down 24% from $47.9B a quarter earlier.
Buyers outnumbered sellers: 250 funds opened new TLT positions and 183 closed out — a net gain of 67 holders — while 444 added to existing stakes and 453 trimmed.
The largest buyer was Capula Management, opening a new position worth an estimated $480M. The largest seller was Morgan Stanley, cutting an estimated $1.7B.
- 1,229 institutional investors held iShares 20+ Year Treasury Bond ETF (TLT) as of Q4 2024, up from 1,191 in Q3 2024.
- Funds reported $36.3B of iShares 20+ Year Treasury Bond ETF stock for Q4 2024, down 24% quarter-over-quarter.
- 250 funds opened new iShares 20+ Year Treasury Bond ETF positions in Q4 2024 and 183 closed out, a net change of +67 holders.
- The largest iShares 20+ Year Treasury Bond ETF buyer in Q4 2024 was Capula Management, an estimated $480M added.
- The largest iShares 20+ Year Treasury Bond ETF seller in Q4 2024 was Morgan Stanley, an estimated $1.7B sold.
Based on aggregated 13F filings for Q4 2024.