iShares 20+ Year Treasury Bond BuyWrite Strategy ETF
TLTW
122 hedge funds and large institutions have $397M invested in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF in 2025 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 53 increasing their positions, 23 reducing their positions, and 14 closing their positions.
164% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 14
130% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 23
35% more capital invested
Capital invested by funds: $294M → $397M (+$103M)
22% more funds holding
Funds holding: 100 → 122 (+22)
2.89% more ownership
Funds ownership: 21.04% → 23.93% (+2.9%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$12.9M |
| 2 |
Morgan Stanley
New York
|
+$12.6M |
| 3 |
PI
PineBridge Investments
New York
|
+$12.3M |
| 4 |
LPL Financial
San Diego,
California
|
+$11.2M |
| 5 |
BlackRock
New York
|
+$10.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$3.27M |
| 2 |
SG Americas Securities
New York
|
-$1.34M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$780K |
| 4 |
NCM
NCM Capital Management
Ramsey,
New Jersey
|
-$656K |
| 5 |
FHWM
Fox Hill Wealth Management
Dedham,
Massachusetts
|
-$553K |
TLTW Hedge Fund Activity: Q4 2025 in Review
122 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) for Q4 2025, worth a combined $397M — up 35% from $294M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new TLTW positions and 14 closed out — a net gain of 23 holders — while 53 added to existing stakes and 23 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $12.9M. The largest seller was Franklin Resources, cutting an estimated $3.27M.
- 122 institutional investors held iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) as of Q4 2025, up from 100 in Q3 2025.
- Funds reported $397M of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF stock for Q4 2025, up 35% quarter-over-quarter.
- 37 funds opened new iShares 20+ Year Treasury Bond BuyWrite Strategy ETF positions in Q4 2025 and 14 closed out, a net change of +23 holders.
- The largest iShares 20+ Year Treasury Bond BuyWrite Strategy ETF buyer in Q4 2025 was Envestnet Asset Management, an estimated $12.9M added.
- The largest iShares 20+ Year Treasury Bond BuyWrite Strategy ETF seller in Q4 2025 was Franklin Resources, an estimated $3.27M sold.
Based on aggregated 13F filings for Q4 2025.