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iShares 20+ Year Treasury Bond BuyWrite Strategy ETF
TLTW

91 hedge funds and large institutions have $257M invested in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF in 2025 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 39 increasing their positions, 30 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 12

30% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 30

5% more funds holding

Funds holding: 87 → 91 (+4)

2.95% less ownership

Funds ownership: 25.53% → 22.59% (-2.9%)

13% less capital invested

Capital invested by funds: $296M → $257M (-$39.3M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
91
Holders Change
+4
Holders Change %
+4.6%
% of All Funds
1.2%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
16
Increased
39
Reduced
30
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$9.79M
2
UBS Group
UBS Group
Switzerland
+$7.15M
3
PIWA
Prevail Innovative Wealth Advisors
Kansas
+$7.1M
4
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$4.76M
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$4.69M

Top Sellers

Rank Fund Capital Flow
1
TIA
Traphagen Investment Advisors
New Jersey
-$54.3M
2
Franklin Resources
Franklin Resources
California
-$6.84M
3
AI
Atria Investments
North Carolina
-$6.29M
4
FH
FWG Holdings
Florida
-$6.09M
5
SA
Sanctuary Advisors
Indiana
-$5.93M
Name Holding Trade Value Shares
Change 		Change in
Stake
CF
26
Claris Financial
Virginia
$1.49M +$1.48M +64,377 New
SA
27
Sovran Advisors
California
$1.41M +$1.44M +62,453 New
NCM
28
NCM Capital Management
New Jersey
$1.4M -$40.1K -1,743 -3%
Carson Wealth (CWM LLC)
29
Carson Wealth (CWM LLC)
Nebraska
$1.39M +$1.38M +60,000 +6,000,000%
Stifel Financial
30
Stifel Financial
Missouri
$1.33M +$307K +13,337 +30%
FIA
31
Foundations Investment Advisors
Arizona
$1.32M -$373K -16,239 -22%
WS
32
Wedbush Securities
California
$1.2M +$417K +18,122 +54%
SG Americas Securities
33
SG Americas Securities
New York
$1.15M +$1.14M +49,743 New
Renaissance Technologies
34
Renaissance Technologies
New York
$1.12M +$722K +31,400 +184%
PI
35
PFG Investments
New York
$1.1M +$158K +6,889 +17%
Raymond James Financial
36
Raymond James Financial
Florida
$1.06M +$51.9K +2,256 +5%
TIA
37
Traphagen Investment Advisors
New Jersey
$932K -$54.3M -2,363,463 -98%
IWC
38
Integrated Wealth Concepts
Massachusetts
$830K -$167K -7,252 -17%
AWE
39
Avidian Wealth Enterprises
Texas
$824K +$817K +35,543 New
FDCDDQ
40
Federation des caisses Desjardins du Quebec
Quebec, Canada
$796K -$27.6K -1,200 -3%
PIA
41
Perennial Investment Advisors
California
$766K +$197K +8,560 +35%
Comerica Bank
42
Comerica Bank
Texas
$742K +$644K +27,988 +698%
DAS
43
Dynamic Advisor Solutions
Arizona
$700K -$245K -10,634 -26%
DA
44
Dover Advisors
Virginia
$695K +$42.5K +1,850 +7%
AIM
45
Advyzon Investment Management
Illinois
$672K +$152K +6,606 +30%
BAM
46
Belpointe Asset Management
Nevada
$595K +$66.8K +2,904 +13%
FCA
47
Fortis Capital Advisors
Kansas
$595K +$66.8K +2,904 +13%
FHWM
48
Fox Hill Wealth Management
Massachusetts
$576K -$7.29K -317 -1%
LA
49
Latitude Advisors
Florida
$509K +$11K +477 +2%
Corient Private Wealth
50
Corient Private Wealth
Florida
$486K +$482K +20,969 New
1
2
3 4 5

TLTW Hedge Fund Activity: Q2 2025 in Review

91 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) for Q2 2025, worth a combined $257M — down 13% from $296M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new TLTW positions and 12 closed out — a net gain of 4 holders — while 39 added to existing stakes and 30 trimmed.

The largest buyer was Bank of America, adding an estimated $9.79M. The largest seller was Traphagen Investment Advisors, cutting an estimated $54.3M.

  • 91 institutional investors held iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) as of Q2 2025, up from 87 in Q1 2025.
  • Funds reported $257M of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF stock for Q2 2025, down 13% quarter-over-quarter.
  • 16 funds opened new iShares 20+ Year Treasury Bond BuyWrite Strategy ETF positions in Q2 2025 and 12 closed out, a net change of +4 holders.
  • The largest iShares 20+ Year Treasury Bond BuyWrite Strategy ETF buyer in Q2 2025 was Bank of America, an estimated $9.79M added.
  • The largest iShares 20+ Year Treasury Bond BuyWrite Strategy ETF seller in Q2 2025 was Traphagen Investment Advisors, an estimated $54.3M sold.

Based on aggregated 13F filings for Q2 2025.