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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
Bank of Montreal
76
Bank of Montreal
Ontario, Canada
$34.5K – – –
FHA
77
First Horizon Advisors
Tennessee
$29.8K +$9.63K +406 +49%
PSFG
78
Park Square Financial Group
Georgia
$11.8K -$3.04K -128 -21%
Fidelity Investments
79
Fidelity Investments
Massachusetts
$4.86K +$4.7K +198 +4,950%
Wells Fargo
80
Wells Fargo
California
$3.34K +$3.27K +138 +13,800%
NSIM
81
North Star Investment Management
Illinois
$3.11K +$71 +3 +2%
PP
82
Pacifica Partners
Canada
$3K – – –
VEA
83
Virtus ETF Advisers
New York
$2.96K +$2.92K +123 New
PS
84
Principal Securities
Iowa
$2.35K – – –
POIA
85
Pin Oak Investment Advisors
Texas
$2K +$593 +25 +38%
AWM
86
Activest Wealth Management
Florida
$112 – – –
ACM
87
AlphaStar Capital Management
North Carolina
– -$2.15M -91,410 Closed
Jane Street
88
Jane Street
New York
– -$1.83M -77,641 Closed
HF
89
HRT Financial
New York
– -$1.03M -43,805 Closed
NA
90
NewEdge Advisors
Louisiana
– -$347K -14,749 Closed
RIA
91
Regal Investment Advisors
Michigan
– -$336K -14,290 Closed
TSS
92
Two Sigma Securities
New York
– -$321K -13,633 Closed
FFO
93
Fiduciary Family Office
Florida
– -$232K -9,884 Closed
NHFG
94
New Harbor Financial Group
Massachusetts
– -$232K -9,884 Closed
CIBC World Market
95
CIBC World Market
Ontario, Canada
– -$212K -9,012 Closed
PA
96
Parallel Advisors
California
– -$29.4K -1,250 Closed
MPWT
97
MassMutual Private Wealth & Trust
Connecticut
– -$25.8K -1,098 Closed
TAM
98
Tucker Asset Management
Colorado
– -$23.1K -981 Closed
KBFS
99
Kohmann Bosshard Financial Services
Ohio
– -$16.5K -700 Closed
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.