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iShares 20+ Year Treasury Bond BuyWrite Strategy ETF
TLTW

87 hedge funds and large institutions have $296M invested in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF in 2025 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 48 increasing their positions, 17 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

182% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 17

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

27% more capital invested

Capital invested by funds: $234M → $296M (+$62.6M)

1.77% more ownership

Funds ownership: 23.76% → 25.53% (+1.8%)

8% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 13

2% less funds holding

Funds holding: 89 → 87 (-2)

Holders
87
Holders Change
-2
Holders Change %
-2.25%
% of All Funds
1.17%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
12
Increased
48
Reduced
17
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TIA
Traphagen Investment Advisors
New Jersey
+$16.3M
2
Bank of America
Bank of America
North Carolina
+$10.2M
3
FH
FWG Holdings
Florida
+$8.14M
4
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
+$4.27M
5
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$4.03M

Top Sellers

Rank Fund Capital Flow
1
MML Investors Services
MML Investors Services
Massachusetts
-$5.35M
2
TIM
Tortoise Investment Management
New York
-$4.64M
3
ACM
AlphaStar Capital Management
North Carolina
-$2.15M
4
Jane Street
Jane Street
New York
-$1.83M
5
HF
HRT Financial
New York
-$1.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
IFG
26
Independent Financial Group
California
$1.18M +$262K +11,055 +29%
HW
27
Hamilton Wealth
California
$1.12M +$611K +25,758 +124%
Stifel Financial
28
Stifel Financial
Missouri
$1.06M +$2.94K +124 +0.3%
Raymond James Financial
29
Raymond James Financial
Florida
$1.05M -$380K -16,034 -27%
IWC
30
Integrated Wealth Concepts
Massachusetts
$1.04M -$266K -11,220 -21%
DAS
31
Dynamic Advisor Solutions
Arizona
$983K +$103K +4,362 +12%
PI
32
PFG Investments
New York
$980K +$966K +40,713 New
Susquehanna International Group
33
Susquehanna International Group
Pennsylvania
$957K -$758K -31,950 -45%
BlackRock
34
BlackRock
New York
$905K +$311K +13,125 +54%
FDCDDQ
35
Federation des caisses Desjardins du Quebec
Quebec, Canada
$855K +$195K +8,200 +30%
WS
36
Wedbush Securities
California
$811K +$135K +5,670 +20%
PPW
37
Pasadena Private Wealth
California
$731K +$720K +30,365 New
Mirae Asset Global Investments
38
Mirae Asset Global Investments
South Korea
$717K -$237K -10,000 -25%
DA
39
Dover Advisors
Virginia
$677K +$383K +16,134 +134%
FHWM
40
Fox Hill Wealth Management
Massachusetts
$605K -$10.7K -449 -2%
PIA
41
Perennial Investment Advisors
California
$589K +$335K +14,135 +136%
TWC
42
TD Waterhouse Canada
Ontario, Canada
$560K +$52.8K +2,226 +11%
BAM
43
Belpointe Asset Management
Nevada
$547K +$95.3K +4,019 +21%
FCA
44
Fortis Capital Advisors
Kansas
$547K +$95.3K +4,019 +21%
AIM
45
Advyzon Investment Management
Illinois
$538K +$165K +6,965 +45%
LA
46
Latitude Advisors
Florida
$517K -$18.6K -782 -4%
GS
47
GWN Securities
Florida
$513K +$506K +21,331 New
TCA
48
Transcend Capital Advisors
New Jersey
$482K +$74K +3,119 +18%
GWSA
49
Global Wealth Strategies & Associates
Colorado
$474K -$234K -9,862 -33%
DWM
50
Diversify Wealth Management
Utah
$463K – – –
1
2
3 4

TLTW Hedge Fund Activity: Q1 2025 in Review

87 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) for Q1 2025, worth a combined $296M — up 27% from $234M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of TLTW and 12 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 48 added.

The largest buyer was Traphagen Investment Advisors, adding an estimated $16.3M. The largest seller was MML Investors Services, cutting an estimated $5.35M.

  • 87 institutional investors held iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) as of Q1 2025, down from 89 in Q4 2024.
  • Funds reported $296M of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF stock for Q1 2025, up 27% quarter-over-quarter.
  • 12 funds opened new iShares 20+ Year Treasury Bond BuyWrite Strategy ETF positions in Q1 2025 and 13 closed out, a net change of -1 holder.
  • The largest iShares 20+ Year Treasury Bond BuyWrite Strategy ETF buyer in Q1 2025 was Traphagen Investment Advisors, an estimated $16.3M added.
  • The largest iShares 20+ Year Treasury Bond BuyWrite Strategy ETF seller in Q1 2025 was MML Investors Services, an estimated $5.35M sold.

Based on aggregated 13F filings for Q1 2025.