Vault-13

ISHARES TR TLT

20 YR TR BD ETF · ETP · CUSIP 464287432 · ISIN US4642874329

814 institutional holders +33 vs Q4 2022
243,812,974243.8m shares reported held*
$25.8bnreported value*
138 new 365 added 213 reduced 109 sold out net bought ≈ $4.7bn (+45.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($18.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $105.97. Options: 47 managers hold calls ($7.1bn notional), 46 hold puts ($4.1bn).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 738Q4 22: 781Q1 23: 814814Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022738
Q4 2022781
Q1 2023814

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1k01kQ4 22: 444 bought or addedQ4 22: 354 cut or sold outQ4 22Q1 23: 503 bought or addedQ1 23: 322 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022444354
Q1 2023503322

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2.5bn$5bn$7.5bn$10bnQ3 22 calls: $8.5bnQ3 22 puts: $4.1bnQ3 22P/C 0.49Q4 22 calls: $8.6bnQ4 22 puts: $4.8bnQ4 22P/C 0.56Q1 23 calls: $7.1bnQ1 23 puts: $4.1bnQ1 23P/C 0.58
Numbers
QuarterCallsPutsP/C
Q3 2022$8.5bn$4.1bn0.49
Q4 2022$8.6bn$4.8bn0.56
Q1 2023$7.1bn$4.1bn0.58

Biggest buyers

FMR LLC Added +13,761,777+13.8m
BANK OF AMERICA CORP /DE/ Added +9,361,766+9.4m
JANE STREET GROUP, LLC Added +4,216,332+4.2m
JPMORGAN CHASE & CO Added +3,629,903+3.6m
Rafferty Asset Management, LLC Added +3,090,763+3.1m
GOLDMAN SACHS GROUP INC Added +2,331,554+2.3m
Summit Wealth Group, LLC New +2,100,005+2.1m
PRUDENTIAL PLC Added +1,626,770+1.6m
ENVESTNET ASSET MANAGEMENT INC Added +1,485,371+1.5m
BNP PARIBAS FINANCIAL MARKETS Added +1,458,430+1.5m

Biggest sellers

MOORE CAPITAL MANAGEMENT, LP Sold out -3,828,899-3.8m
VOYA INVESTMENT MANAGEMENT LLC Reduced -2,771,770-2.8m
EP Wealth Advisors, LLC Reduced -1,651,184-1.7m
TWO SIGMA INVESTMENTS, LP Reduced -1,376,760-1.4m
MORGAN STANLEY Reduced -1,004,073-1.0m
RENAISSANCE TECHNOLOGIES LLC Reduced -910,500-910.5k
CI INVESTMENTS INC. Reduced -843,082-843.1k
TORONTO DOMINION BANK Reduced -828,467-828.5k
WestEnd Advisors, LLC Sold out -665,470-665.5k
Clarity Financial LLC Reduced -561,509-561.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.6bn14.7m shares
CITADEL ADVISORS LLC Reduced $1.1bn10.7m shares
UBS Group AG Reduced $978.0m9.2m shares
Parallax Volatility Advisers, L.P. Added $687.1m6.5m shares
CITIGROUP INC Reduced $442.5m4.2m shares
MILLENNIUM MANAGEMENT LLC Added $344.8m3.2m shares
NOMURA HOLDINGS INC Added $344.5m3.2m shares
BARCLAYS PLC Reduced $253.2m2.4m shares
BANK OF AMERICA CORP /DE/ Added $233.5m2.2m shares
CIBC Asset Management Inc Added $233.0m2.2m shares

Biggest puts

CITADEL ADVISORS LLC Added $893.8m8.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $804.8m7.6m shares
BRIGADE CAPITAL MANAGEMENT, LP New $319.1m3.0m shares
Parallax Volatility Advisers, L.P. Added $313.8m3.0m shares
MILLENNIUM MANAGEMENT LLC Added $214.3m2.0m shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New $212.7m2.0m shares
BANK OF AMERICA CORP /DE/ Added $209.3m2.0m shares
UBS Group AG Reduced $170.4m1.6m shares
MARSHALL WACE, LLP Added $146.8m1.4m shares
GOLDMAN SACHS GROUP INC Added $110.0m1.0m shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: BlackRock Portfolio Management LLC (5.0%, 2026-10-27)

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.46% of their portfolio CHARLOTTE, NC 37,653,63837.7m $4.0bn $4.0bn 0.46% Added +9.4m +9,361,766
2 MORGAN STANLEY 0.32% of their portfolio NEW YORK, NY 27,805,95227.8m $3.0bn $3.0bn 0.32% Reduced -1.0m -1,004,073
3 FMR LLC 0.12% of their portfolio BOSTON, MA 24,818,55424.8m $2.6bn $2.6bn 0.12% Added +13.8m +13,761,777
4 TD Asset Management Inc 1.13% of their portfolio Toronto, A6 8,813,9088.8m $937.5m $937.5m 1.13% Reduced -501.9k -501,943
5 Rafferty Asset Management, LLC 6.05% of their portfolio New York, NY 8,396,8438.4m $893.2m $893.2m 6.05% Added +3.1m +3,090,763
6 ENVESTNET ASSET MANAGEMENT INC 0.33% of their portfolio Berwyn, PA 6,529,1526.5m $694.5m $694.5m 0.33% Added +1.5m +1,485,371
7 GOLDMAN SACHS GROUP INC 0.18% of their portfolio NEW YORK, NY 6,264,8596.3m $666.4m $666.4m 0.18% Added +2.3m +2,331,554
8 BlackRock Inc. 0.02% of their portfolio New York, NY 6,140,4236.1m $653.2m $653.2m 0.02% Added +552.0k +551,952
9 UBS Group AG 0.28% of their portfolio ZURICH, V8 5,610,8055.6m $596.8m $596.8m 0.28% Added +271.5k +271,490
10 JPMORGAN CHASE & CO 0.08% of their portfolio NEW YORK, NY 5,559,2635.6m $591.3m $591.3m 0.08% Added +3.6m +3,629,903
11 BARCLAYS PLC 0.53% of their portfolio LONDON, X0 4,802,7634.8m $510.9m $510.9m 0.53% Added +974.0k +974,026
12 ASSETMARK, INC 2.06% of their portfolio CONCORD, CA 4,691,9144.7m $499.1m $499.1m 2.06% Added +123.4k +123,405
13 JANE STREET GROUP, LLC 0.79% of their portfolio NEW YORK, NY 4,346,4774.3m $462.3m $462.3m 0.79% Added +4.2m +4,216,332
14 Nan Shan Life Insurance Co., Ltd. 10.19% of their portfolio Taipei City, F5 4,024,6794.0m $428.1m $428.1m 10.19% Unchanged
15 WELLS FARGO & COMPANY/MN 0.13% of their portfolio SAN FRANCISCO, CA 3,972,1574.0m $422.5m $422.5m 0.13% Added +1.1m +1,142,839
16 AMERIPRISE FINANCIAL INC 0.11% of their portfolio MINNEAPOLIS, MN 3,076,7883.1m $325.8m $325.8m 0.11% Added +1.1m +1,117,763
17 CIBC WORLD MARKET INC. 0.95% of their portfolio TORONTO, A6 2,472,6332.5m $263.0m $263.0m 0.95% Added +1.4m +1,430,310
18 AE Wealth Management LLC 1.55% of their portfolio TOPEKA, KS 2,259,2932.3m $240.3m $240.3m 1.55% Added +1.4m +1,351,330
19 MACKENZIE FINANCIAL CORP 0.37% of their portfolio TORONTO ONTARIO, A6 2,245,2002.2m $238.8m $238.8m 0.37% Added +177.5k +177,500
20 Summit Wealth Group, LLC 0.05% of their portfolio WHITE RIVER JUNCTION, VT 2,100,0052.1m $20 $20 0.05% New
21 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.34% of their portfolio BALA CYNWYD, PA 2,072,3832.1m $219.9m $219.9m 0.34% Added +350.2k +350,228
22 CITIGROUP INC 0.29% of their portfolio NEW YORK, NY 2,030,7012.0m $216.0m $216.0m 0.29% Added +592.9k +592,907
23 LPL Financial LLC 0.17% of their portfolio FORT MILL, SC 1,999,0792.0m $212.6m $212.6m 0.17% Added +416.5k +416,532
24 Janney Montgomery Scott LLC 0.84% of their portfolio PHILADELPHIA, PA 1,944,6281.9m $206.8m $206.8m 0.84% Added +447.8k +447,837
25 BNP PARIBAS FINANCIAL MARKETS 0.42% of their portfolio PARIS, I0 1,849,7931.8m $196.8m $196.8m 0.42% Added +1.5m +1,458,430
26 RAYMOND JAMES & ASSOCIATES 0.16% of their portfolio ST PETERSBURG, FL 1,769,4701.8m $188.2m $188.2m 0.16% Added +630.4k +630,435
27 TRUIST FINANCIAL CORP 0.31% of their portfolio CHARLOTTE, NC 1,704,0381.7m $181.3m $181.3m 0.31% Added +438.8k +438,754
28 ALLIANCEBERNSTEIN L.P. 0.08% of their portfolio NASHVILLE, TN 1,656,0621.7m $176.2m $176.2m 0.08% Added +17.4k +17,429
29 PRUDENTIAL PLC 2.04% of their portfolio LONDON, X0 1,631,7701.6m $173.6m $173.6m 2.04% Added +1.6m +1,626,770
30 CITADEL ADVISORS LLC 0.18% of their portfolio MIAMI, FL 1,583,4931.6m $168.4m $168.4m 0.18% Reduced -234.7k -234,679
31 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 1,526,4071.5m $162.4m $162.4m 0.05% Reduced -147.5k -147,532
32 VANTAGEPOINT INVESTMENT ADVISERS LLC 26.69% of their portfolio WASHINGTON, DC 1,506,2411.5m $160.2m $160.2m 26.69% Added +430.5k +430,506
33 CAPTRUST FINANCIAL ADVISORS 0.63% of their portfolio RALEIGH, NC 1,341,0581.3m $142.6m $142.6m 0.63% Added +257.1k +257,105
34 Raymond James Financial Services Advisors, Inc. 0.26% of their portfolio ST. PETERSBURG, FL 1,309,4371.3m $139.3m $139.3m 0.26% Added +332.9k +332,928
35 Nationwide Fund Advisors 13.68% of their portfolio COLUMBUS, OH 1,277,6691.3m $135.9m $135.9m 13.68% Added +3.5k +3,503
36 Jordan Park Group LLC 8.40% of their portfolio SAN FRANCISCO, CA 1,205,2821.2m $128.2m $128.2m 8.40% Added +179.3k +179,330
37 Municipal Employees' Retirement System of Michigan 1.83% of their portfolio LANSING, MI 1,116,6361.1m $118.8m $118.8m 1.83% Reduced -113.9k -113,949
38 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio Toronto, A6 1,052,5181.1m $112.0m $112.0m 0.06% Reduced -32.2k -32,208
39 WestEnd Advisors, LLC 3.46% of their portfolio CHARLOTTE, NC 1,047,3641.0m $111.4m $111.4m 3.46% New
40 CI INVESTMENTS INC. 0.54% of their portfolio TORONTO, Z4 1,002,6731.0m $106.7m $106.7m 0.54% Reduced -843.1k -843,082
41 OSAIC HOLDINGS, INC. 0.19% of their portfolio SCOTTSDALE, AZ 959,041959.0k $102.1m $102.1m 0.19% Added +203.8k +203,759
42 VOYA INVESTMENT MANAGEMENT LLC 0.10% of their portfolio ATLANTA, GA 920,294920.3k $97.9m $97.9m 0.10% Reduced -2.8m -2,771,770
43 STIFEL FINANCIAL CORP 0.14% of their portfolio ST. LOUIS, MO 915,115915.1k $97.3m $97.3m 0.14% Reduced -72.0k -72,000
44 COMMONWEALTH EQUITY SERVICES, LLC 0.19% of their portfolio WALTHAM, MA 832,255832.3k $88.5m $88.5m 0.19% Added +61.7k +61,684
45 MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio NEW YORK, NY 809,433809.4k $86.1m $86.1m 0.10% Added +4.5k +4,491
46 Ally Financial Inc. 12.04% of their portfolio Detroit, MI 765,000765.0k $81.4m $81.4m 12.04% Added +300.0k +300,000
47 VICTORY CAPITAL MANAGEMENT INC 0.08% of their portfolio San Antonio, TX 674,614674.6k $71.8m $71.8m 0.08% Added +303.7k +303,684
48 SCHRODER INVESTMENT MANAGEMENT GROUP 0.10% of their portfolio London, X0 633,189633.2k $67.4m $67.4m 0.10% Added +160.9k +160,878
49 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 622,345622.3k $66.2m $66.2m 0.00% Reduced -174.3k -174,296
50 US BANCORP \DE\ 0.10% of their portfolio MINNEAPOLIS, MN 562,597562.6k $59.8m $59.8m 0.10% Added +494.6k +494,563
51 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 542,846542.8k $57.7m $57.7m 0.02% Added +128.4k +128,430
52 MML INVESTORS SERVICES, LLC 0.41% of their portfolio SPRINGFIELD, MA 538,500538.5k $57.3m $57.3m 0.41% Added +59.8k +59,777
53 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.71% of their portfolio Madrid, U3 537,103537.1k $57.1m $57.1m 0.71% Added +184.3k +184,325
54 Brevan Howard Capital Management LP 11.71% of their portfolio ST. HELIER, Y9 500,000500.0k $53.2m $53.2m 11.71% Added +365.0k +365,000
55 SIMPLEX TRADING, LLC 2.27% of their portfolio CHICAGO, IL 471,278471.3k $50.1m $50.1m 2.27% Added +312.2k +312,157
56 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 451,258451.3k $48.0m $48.0m 0.01% Added +163.0k +162,956
57 HighTower Advisors, LLC 0.10% of their portfolio CHICAGO, IL 430,766430.8k $45.8m $45.8m 0.10% Added +176.6k +176,637
58 Accredited Investors Inc. 3.45% of their portfolio EDINA, MN 427,102427.1k $45.4m $45.4m 3.45% Added +53.9k +53,944
59 DFPG INVESTMENTS, LLC 4.77% of their portfolio SANDY, UT 417,696417.7k $44.4m $44.4m 4.77% Added +261.2k +261,192
60 Cetera Investment Advisers 0.39% of their portfolio SCHAUMBURG, IL 416,349416.3k $44.3m $44.3m 0.39% Added +53.6k +53,620
61 Trek Financial, LLC 4.09% of their portfolio Scottsdale, AZ 412,672412.7k $43.9m $43.9m 4.09% Added +18.3k +18,322
62 Comprehensive Wealth Management, LLC 35.41% of their portfolio LYNNWOOD, WA 404,169404.2k $43.0m $43.0m 35.41% Added +18.2k +18,248
63 SPINNAKER TRUST 2.98% of their portfolio PORTLAND, ME 370,278370.3k $39.4m $39.4m 2.98% Added +1.1k +1,081
64 MARSHALL WACE, LLP 0.10% of their portfolio LONDON, X0 368,451368.5k $39.2m $39.2m 0.10% Added +169.9k +169,900
65 Mirae Asset Global Investments Co., Ltd. 0.09% of their portfolio SEOUL, M5 367,151367.2k $38.8m $38.8m 0.09% Reduced -137.4k -137,369
66 TOWNSQUARE CAPITAL LLC 0.82% of their portfolio Lehi, UT 349,364349.4k $37.2m $37.2m 0.82% Reduced -49.6k -49,566
67 NATIONAL BANK OF CANADA /FI/ 0.09% of their portfolio MONTREAL, A8 330,597330.6k $35.2m $35.2m 0.09% Added +299.3k +299,313
68 EHP Funds Inc. 7.67% of their portfolio TORONTO, Z4 328,400328.4k $34.9m $34.9m 7.67% New
69 MONEY CONCEPTS CAPITAL CORP 0.11% of their portfolio PALM BEACH GARDENS, FL 327,952328.0k $2.0m $2.0m 0.11% Added +318.3k +318,269
70 Strategic Investment Advisors / MI 6.23% of their portfolio FARMINGTON HILLS, MI 323,760323.8k $34.4m $34.4m 6.23% Added +29.9k +29,861
71 Balyasny Asset Management L.P. 0.11% of their portfolio Chicago, IL 320,700320.7k $34.1m $34.1m 0.11% New
72 New Harbor Financial Group, LLC 12.61% of their portfolio WORCESTER, MA 319,614319.6k $34.0m $34.0m 12.61% Added +51.9k +51,851
73 Krilogy Financial LLC 2.78% of their portfolio ST. LOUIS, MO 311,351311.4k $33.1m $33.1m 2.78% Added +290.0k +289,996
74 Thrivent Financial for Lutherans 0.08% of their portfolio Minneapolis, MN 309,741309.7k $32.9m $32.9m 0.08% Added +1.4k +1,432
75 BCM ADVISORS, LLC 8.58% of their portfolio LAFAYETTE, LA 307,332307.3k $31.7m $31.7m 8.58% Added +20.1k +20,107
76 Freedom Investment Management, Inc. 3.57% of their portfolio SOUTH WINDSOR, CT 297,052297.1k $31.6m $31.6m 3.57% Added +112.6k +112,604
77 PFS INVESTMENTS INC. 0.56% of their portfolio DULUTH, GA 296,166296.2k $32.1m $32.1m 0.56% Reduced -181.2k -181,232
78 Cadence Wealth Management LLC 31.40% of their portfolio WESTBOROUGH, MA 289,877289.9k $30.8m $30.8m 31.40% Reduced -38.4k -38,417
79 Disciplina Capital Management LLC 7.47% of their portfolio NASHVILLE, TN 284,455284.5k $30.3m $30.3m 7.47% Reduced -2.4k -2,369
80 One Day In July LLC 5.66% of their portfolio BURLINGTON, VT 277,331277.3k $29.5m $29.5m 5.66% Added +17.5k +17,525
81 HANTZ FINANCIAL SERVICES, INC. 0.79% of their portfolio SOUTHFIELD, MI 272,795272.8k $29.0m $29.0m 0.79% Reduced -41 -41
82 Crestone Asset Management LLC 6.13% of their portfolio BOULDER, CO 271,138271.1k $28.8m $28.8m 6.13% Added +94.3k +94,266
83 Cetera Advisor Networks LLC 0.21% of their portfolio EL SEGUNDO, CA 263,718263.7k $28.1m $28.1m 0.21% Added +76.1k +76,114
84 Cambridge Investment Research Advisors, Inc. 0.13% of their portfolio FAIRFIELD, IA 258,304258.3k $27.5m $27.5m 0.13% Added +42.0k +41,989
85 Madison Asset Management, LLC 0.40% of their portfolio MADISON, WI 248,805248.8k $26.5m $26.5m 0.40% Reduced -63.4k -63,392
86 TPB WEALTH ADVISORS 14.35% of their portfolio SAN ANTONIO, TX 247,527247.5k $26.3m $26.3m 14.35% Added +90.2k +90,209
87 Kaydan Wealth Management, Inc. 10.39% of their portfolio FENTON, MI 238,243238.2k $25.3m $25.3m 10.39% Reduced -74.7k -74,736
88 WNY Asset Management, LLC 6.02% of their portfolio Williamsville, NY 238,215238.2k $25.3m $25.3m 6.02% Added +113.9k +113,879
89 PICTET ASSET MANAGEMENT SA 0.03% of their portfolio GENEVA 73, V8 236,090236.1k $25.1m $25.1m 0.03% Added +142.9k +142,935
90 AFFINITY WEALTH MANAGEMENT LLC 5.87% of their portfolio WILMINGTON, DE 234,819234.8k $25.0m $25.0m 5.87% Reduced -399 -399
91 Scarborough Advisors, LLC 6.25% of their portfolio ANNAPOLIS, MD 233,281233.3k $24.8m $24.8m 6.25% Added +122.3k +122,271
92 Brookstone Capital Management 0.46% of their portfolio WHEATON, IL 225,829225.8k $23.4m $23.4m 0.46% Added +28.7k +28,723
93 AMERICAN ASSET MANAGEMENT INC. 25.36% of their portfolio Boca Raton, FL 222,899222.9k $23.7m $23.7m 25.36% Reduced -834 -834
94 Connectus Wealth, LLC 0.57% of their portfolio CINCINNATI, OH 218,975219.0k $23.3m $23.3m 0.57% Added +61.2k +61,224
95 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 216,790216.8k $22.9m $22.9m 0.03% Added +206.8k +206,782
96 GREAT VALLEY ADVISOR GROUP, INC. 1.07% of their portfolio WILMINGTON, DE 216,320216.3k $23.0m $23.0m 1.07% New
97 1832 Asset Management L.P. 0.05% of their portfolio TORONTO, A6 209,850209.8k $22.3m $22.3m 0.05% Reduced -3.4k -3,417
98 Beacon Capital Management, LLC 6.43% of their portfolio FRANKLIN, TN 206,997207.0k $22.0m $22.0m 6.43% Added +206.5k +206,470
99 Atria Investments, Inc 0.40% of their portfolio Charlotte, NC 198,178198.2k $21.1m $21.1m 0.40% Added +43.8k +43,752
100 HHLR ADVISORS, LTD. 0.37% of their portfolio GRAND CAYMAN, E9 195,100195.1k $20.8m $20.8m 0.37% Added +55.1k +55,100