iShares 20+ Year Treasury Bond ETF
1,189 hedge funds and large institutions have $41.9B invested in iShares 20+ Year Treasury Bond ETF in 2025 Q1 according to their latest regulatory filings, with 175 funds opening new positions, 436 increasing their positions, 459 reducing their positions, and 184 closing their positions.
90% more capital inflows, than outflows
Capital inflows: $8.59B | Capital outflows: $4.51B
35% more call options, than puts
Call options by funds: $15.9B | Put options by funds: $11.8B
21% more funds holding in top 10
Funds holding in top 10: 107 → 130 (+23)
8.89% more ownership
Funds ownership: 71.17% → 80.07% (+8.9%)
5% less first-time investments, than exits
New positions opened: 175 | Existing positions closed: 184
5% less repeat investments, than reductions
Existing positions increased: 436 | Existing positions reduced: 459
3% less funds holding
Funds holding: 1,229 → 1,189 (-40)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$2.19B |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.61B |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.21B |
| 4 |
Barclays
London,
United Kingdom
|
+$419M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
+$272M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$791M |
| 2 |
Capula Management
Grand Cayman,
Cayman Islands
|
-$449M |
| 3 |
Jane Street
New York
|
-$184M |
| 4 |
Morgan Stanley
New York
|
-$160M |
| 5 |
LPL Financial
San Diego,
California
|
-$148M |
TLT Hedge Fund Activity: Q1 2025 in Review
1,189 of the 7,486 institutional investors tracked by Wall St. Rank reported a position in iShares 20+ Year Treasury Bond ETF (TLT) for Q1 2025, worth a combined $41.9B — up 16% from $36.3B a quarter earlier.
Sellers outnumbered buyers: 184 funds closed out of TLT and 175 opened new positions — a net loss of 9 holders — while 459 trimmed existing stakes and 436 added.
The largest buyer was Citigroup, adding an estimated $2.19B. The largest seller was Envestnet Asset Management, cutting an estimated $791M.
- 1,189 institutional investors held iShares 20+ Year Treasury Bond ETF (TLT) as of Q1 2025, down from 1,229 in Q4 2024.
- Funds reported $41.9B of iShares 20+ Year Treasury Bond ETF stock for Q1 2025, up 16% quarter-over-quarter.
- 175 funds opened new iShares 20+ Year Treasury Bond ETF positions in Q1 2025 and 184 closed out, a net change of -9 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.