iShares 20+ Year Treasury Bond ETF
1,099 hedge funds and large institutions have $38.4B invested in iShares 20+ Year Treasury Bond ETF in 2025 Q3 according to their latest regulatory filings, with 135 funds opening new positions, 422 increasing their positions, 418 reducing their positions, and 115 closing their positions.
17% more first-time investments, than exits
New positions opened: 135 | Existing positions closed: 115
7% more capital invested
Capital invested by funds: $35.8B → $38.4B (+$2.6B)
7.1% more ownership
Funds ownership: 72.73% → 79.83% (+7.1%)
1% more repeat investments, than reductions
Existing positions increased: 422 | Existing positions reduced: 418
1% less funds holding
Funds holding: 1,107 → 1,099 (-8)
5% less call options, than puts
Call options by funds: $13.2B | Put options by funds: $13.9B
19% less funds holding in top 10
Funds holding in top 10: 99 → 80 (-19)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.29B |
| 2 |
Barclays
London,
United Kingdom
|
+$353M |
| 3 |
Jane Street
New York
|
+$340M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$332M |
| 5 |
BlackRock
New York
|
+$303M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$861M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$456M |
| 3 |
Rafferty Asset Management
New York
|
-$272M |
| 4 |
JP Morgan Chase
New York
|
-$253M |
| 5 |
CI Investments Inc
Toronto,
Ontario, Canada
|
-$197M |
TLT Hedge Fund Activity: Q3 2025 in Review
1,099 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in iShares 20+ Year Treasury Bond ETF (TLT) for Q3 2025, worth a combined $38.4B — up 7.3% from $35.8B a quarter earlier.
Buyers outnumbered sellers: 135 funds opened new TLT positions and 115 closed out — a net gain of 20 holders — while 422 added to existing stakes and 418 trimmed.
The largest buyer was Bank of America, adding an estimated $3.29B. The largest seller was Susquehanna International Group, cutting an estimated $861M.
- 1,099 institutional investors held iShares 20+ Year Treasury Bond ETF (TLT) as of Q3 2025, down from 1,107 in Q2 2025.
- Funds reported $38.4B of iShares 20+ Year Treasury Bond ETF stock for Q3 2025, up 7.3% quarter-over-quarter.
- 135 funds opened new iShares 20+ Year Treasury Bond ETF positions in Q3 2025 and 115 closed out, a net change of +20 holders.
- The largest iShares 20+ Year Treasury Bond ETF buyer in Q3 2025 was Bank of America, an estimated $3.29B added.
- The largest iShares 20+ Year Treasury Bond ETF seller in Q3 2025 was Susquehanna International Group, an estimated $861M sold.
Based on aggregated 13F filings for Q3 2025.