Vault-13

ISHARES TR TLT

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

878 institutional holders +64 vs Q1 2023
280,151,478280.2m shares reported held*
$28.9bnreported value*
143 new 408 added 231 reduced 89 sold out net bought ≈ $3.9bn (+36.1m 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 ($39.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $103.11. Options: 52 managers hold calls ($12.3bn notional), 35 hold puts ($4.7bn).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 738Q4 22: 781Q1 23: 814Q2 23: 878878Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022738
Q4 2022781
Q1 2023814
Q2 2023878

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 23Q2 23: 551 bought or addedQ2 23: 320 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022444354
Q1 2023503322
Q2 2023551320

Calls vs puts

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

CallsPuts
$0$5bn$10bn$15bnQ3 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 0.58Q2 23 calls: $12.3bnQ2 23 puts: $4.7bnQ2 23P/C 0.38
Numbers
QuarterCallsPutsP/C
Q3 2022$8.5bn$4.1bn0.49
Q4 2022$8.6bn$4.8bn0.56
Q1 2023$7.1bn$4.1bn0.58
Q2 2023$12.3bn$4.7bn0.38

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +5,554,509+5.6m
MORGAN STANLEY Added +5,152,572+5.2m
Rafferty Asset Management, LLC Added +4,871,699+4.9m
CITIGROUP INC Added +3,890,975+3.9m
UBS Group AG Added +3,770,137+3.8m
BARCLAYS PLC Added +3,633,973+3.6m
Bramshill Investments, LLC New +2,759,068+2.8m
BlackRock Inc. Added +2,510,071+2.5m
CI INVESTMENTS INC. Added +2,128,687+2.1m
CIBC WORLD MARKETS CORP Added +1,977,900+2.0m

Biggest sellers

FMR LLC Reduced -11,040,597-11.0m
GOLDMAN SACHS GROUP INC Reduced -4,222,054-4.2m
Summit Wealth Group, LLC Reduced -2,080,214-2.1m
AE Wealth Management LLC Reduced -1,077,678-1.1m
WestEnd Advisors, LLC Sold out -1,047,364-1.0m
PRUDENTIAL PLC Reduced -984,854-984.9k
VOYA INVESTMENT MANAGEMENT LLC Sold out -920,294-920.3k
Municipal Employees' Retirement System of Michigan Reduced -883,860-883.9k
BNP PARIBAS FINANCIAL MARKETS Reduced -441,041-441.0k
Comprehensive Wealth Management, LLC Sold out -404,169-404.2k

Biggest calls

CITADEL ADVISORS LLC Added $2.2bn21.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.1bn20.6m shares
ROYAL BANK OF CANADA Added $1.9bn18.7m shares
CITIGROUP INC Added $1.8bn17.8m shares
UBS Group AG Added $1.6bn15.3m shares
Parallax Volatility Advisers, L.P. Reduced $315.2m3.1m shares
BANK OF AMERICA CORP /DE/ Added $255.7m2.5m shares
GOLDMAN SACHS GROUP INC Added $206.6m2.0m shares
WOLVERINE TRADING, LLC Reduced $200.8m2.0m shares
CIBC Asset Management Inc Reduced $196.0m1.9m shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.3bn13.1m shares
CITADEL ADVISORS LLC Reduced $829.2m8.1m shares
UBS Group AG Added $631.8m6.1m shares
CITIGROUP INC Added $590.9m5.7m shares
BANK OF AMERICA CORP /DE/ Added $243.0m2.4m shares
Parallax Volatility Advisers, L.P. Reduced $201.4m2.0m shares
MILLENNIUM MANAGEMENT LLC Reduced $146.7m1.4m shares
Philosophy Capital Management LLC Added $133.8m13.0k shares
LONESTAR CAPITAL MANAGEMENT LLC New $92.6m9.0k shares
MARSHALL WACE, LLP Reduced $86.9m843.7k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.48% of their portfolio CHARLOTTE, NC 39,530,73739.5m $4.1bn $4.1bn 0.48% Added +1.9m +1,877,099
2 MORGAN STANLEY 0.33% of their portfolio NEW YORK, NY 32,958,52433.0m $3.4bn $3.4bn 0.33% Added +5.2m +5,152,572
3 FMR LLC 0.12% of their portfolio BOSTON, MA 13,777,95713.8m $1.4bn $1.4bn 0.12% Reduced -11.0m -11,040,597
4 Rafferty Asset Management, LLC 7.70% of their portfolio New York, NY 13,268,54213.3m $1.4bn $1.4bn 7.70% Added +4.9m +4,871,699
5 TD Asset Management Inc 1.15% of their portfolio Toronto, A6 9,782,4389.8m $1.0bn $1.0bn 1.15% Added +968.5k +968,530
6 UBS Group AG 0.42% of their portfolio ZURICH, V8 9,380,9429.4m $965.7m $965.7m 0.42% Added +3.8m +3,770,137
7 BlackRock Inc. 0.02% of their portfolio New York, NY 8,650,4948.7m $890.5m $890.5m 0.02% Added +2.5m +2,510,071
8 BARCLAYS PLC 0.56% of their portfolio LONDON, X0 8,436,7368.4m $868.5m $868.5m 0.56% Added +3.6m +3,633,973
9 SUSQUEHANNA INTERNATIONAL GROUP, LLP 1.26% of their portfolio BALA CYNWYD, PA 7,626,8927.6m $785.1m $785.1m 1.26% Added +5.6m +5,554,509
10 JPMORGAN CHASE & CO 0.08% of their portfolio NEW YORK, NY 7,192,3897.2m $740.4m $740.4m 0.08% Added +1.6m +1,633,126
11 ENVESTNET ASSET MANAGEMENT INC 0.31% of their portfolio Berwyn, PA 6,850,0706.9m $705.1m $705.1m 0.31% Added +320.9k +320,918
12 CITIGROUP INC 0.78% of their portfolio NEW YORK, NY 5,921,6765.9m $609.6m $609.6m 0.78% Added +3.9m +3,890,975
13 ASSETMARK, INC 1.86% of their portfolio CONCORD, CA 4,613,6114.6m $474.9m $474.9m 1.86% Reduced -78.3k -78,303
14 JANE STREET GROUP, LLC 0.59% of their portfolio NEW YORK, NY 4,198,0204.2m $432.1m $432.1m 0.59% Reduced -148.5k -148,457
15 WELLS FARGO & COMPANY/MN 0.12% of their portfolio SAN FRANCISCO, CA 4,122,3454.1m $424.4m $424.4m 0.12% Added +150.2k +150,188
16 Nan Shan Life Insurance Co., Ltd. 9.99% of their portfolio Taipei City, F5 4,024,6794.0m $414.3m $414.3m 9.99% Unchanged
17 AMERIPRISE FINANCIAL INC 0.13% of their portfolio MINNEAPOLIS, MN 4,006,6244.0m $411.5m $411.5m 0.13% Added +929.8k +929,836
18 CIBC WORLD MARKET INC. 1.36% of their portfolio TORONTO, A6 3,851,6013.9m $396.5m $396.5m 1.36% Added +1.4m +1,378,968
19 CI INVESTMENTS INC. 1.62% of their portfolio TORONTO, Z4 3,131,3603.1m $321.9m $321.9m 1.62% Added +2.1m +2,128,687
20 Bramshill Investments, LLC 25.82% of their portfolio NAPLES, FL 2,759,0682.8m $284.0m $284.0m 25.82% New
21 MACKENZIE FINANCIAL CORP 0.40% of their portfolio TORONTO ONTARIO, A6 2,594,0002.6m $264.8m $264.8m 0.40% Added +348.8k +348,800
22 VANTAGEPOINT INVESTMENT ADVISERS LLC 37.52% of their portfolio WASHINGTON, DC 2,404,0412.4m $247.7m $247.7m 37.52% Added +897.8k +897,800
23 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 2,294,7872.3m $236.2m $236.2m 0.07% Added +768.4k +768,380
24 LPL Financial LLC 0.17% of their portfolio FORT MILL, SC 2,276,6892.3m $234.4m $234.4m 0.17% Added +277.6k +277,610
25 Janney Montgomery Scott LLC 0.77% of their portfolio PHILADELPHIA, PA 2,152,0692.2m $221.5m $221.5m 0.77% Added +207.4k +207,441
26 RAYMOND JAMES & ASSOCIATES 0.18% of their portfolio ST PETERSBURG, FL 2,083,3802.1m $214.5m $214.5m 0.18% Added +313.9k +313,910
27 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 2,042,8052.0m $210.3m $210.3m 0.05% Reduced -4.2m -4,222,054
28 CIBC WORLD MARKETS CORP 1.70% of their portfolio NEW YORK, NY 2,032,0002.0m $209.2m $209.2m 1.70% Added +2.0m +1,977,900
29 CITADEL ADVISORS LLC 0.21% of their portfolio MIAMI, FL 1,845,0831.8m $189.9m $189.9m 0.21% Added +261.6k +261,590
30 Raymond James Financial Services Advisors, Inc. 0.32% of their portfolio ST. PETERSBURG, FL 1,782,1461.8m $183.5m $183.5m 0.32% Added +472.7k +472,709
31 TRUIST FINANCIAL CORP 0.30% of their portfolio CHARLOTTE, NC 1,759,1581.8m $181.1m $181.1m 0.30% Added +55.1k +55,120
32 ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio NASHVILLE, TN 1,689,0941.7m $173.9m $173.9m 0.07% Added +33.0k +33,032
33 OSAIC HOLDINGS, INC. 0.30% of their portfolio SCOTTSDALE, AZ 1,646,1681.6m $169.2m $169.2m 0.30% Added +687.1k +687,127
34 CAPTRUST FINANCIAL ADVISORS 0.62% of their portfolio RALEIGH, NC 1,528,9281.5m $157.4m $157.4m 0.62% Added +187.9k +187,870
35 BNP PARIBAS FINANCIAL MARKETS 0.29% of their portfolio PARIS, I0 1,408,7521.4m $145.0m $145.0m 0.29% Reduced -441.0k -441,041
36 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio Toronto, A6 1,367,2661.4m $140.7m $140.7m 0.08% Added +314.7k +314,748
37 Nationwide Fund Advisors 13.65% of their portfolio COLUMBUS, OH 1,287,8361.3m $132.6m $132.6m 13.65% Added +10.2k +10,167
38 Jordan Park Group LLC 8.36% of their portfolio SAN FRANCISCO, CA 1,236,2531.2m $127.3m $127.3m 8.36% Added +31.0k +30,971
39 AE Wealth Management LLC 0.73% of their portfolio TOPEKA, KS 1,181,6151.2m $121.6m $121.6m 0.73% Reduced -1.1m -1,077,678
40 STIFEL FINANCIAL CORP 0.17% of their portfolio ST. LOUIS, MO 1,181,4311.2m $121.6m $121.6m 0.17% Added +266.3k +266,316
41 MILLENNIUM MANAGEMENT LLC 0.12% of their portfolio NEW YORK, NY 1,117,9641.1m $115.1m $115.1m 0.12% Added +308.5k +308,531
42 WestEnd Advisors, LLC 3.38% of their portfolio CHARLOTTE, NC 1,115,2181.1m $114.8m $114.8m 3.38% New
43 HSBC HOLDINGS PLC 0.12% of their portfolio LONDON, X0 1,110,4141.1m $114.3m $114.3m 0.12% Added +893.6k +893,624
44 Clarity Financial LLC 16.17% of their portfolio Houston, TX 1,054,7061.1m $108.6m $108.6m 16.17% Added +1.0m +1,014,206
45 COMMONWEALTH EQUITY SERVICES, LLC 0.21% of their portfolio WALTHAM, MA 1,025,9751.0m $105.6m $105.6m 0.21% Added +193.7k +193,720
46 SIMPLEX TRADING, LLC 4.29% of their portfolio CHICAGO, IL 980,958981.0k $101.0m $101.0m 4.29% Added +509.7k +509,680
47 Brevan Howard Capital Management LP 15.95% of their portfolio ST. HELIER, Y9 842,930842.9k $86.8m $86.8m 15.95% Added +342.9k +342,930
48 VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio San Antonio, TX 805,356805.4k $82.9m $82.9m 0.09% Added +130.7k +130,742
49 Ally Financial Inc. 11.02% of their portfolio Detroit, MI 765,000765.0k $78.7m $78.7m 11.02% Unchanged
50 US BANCORP \DE\ 0.11% of their portfolio MINNEAPOLIS, MN 679,438679.4k $69.9m $69.9m 0.11% Added +116.8k +116,841
51 PRUDENTIAL PLC 0.79% of their portfolio LONDON, X0 646,916646.9k $66.6m $66.6m 0.79% Reduced -984.9k -984,854
52 Cambridge Investment Research Advisors, Inc. 0.30% of their portfolio FAIRFIELD, IA 639,642639.6k $65.8m $65.8m 0.30% Added +381.3k +381,338
53 SCHRODER INVESTMENT MANAGEMENT GROUP 0.09% of their portfolio London, X0 619,853619.9k $63.8m $63.8m 0.09% Reduced -13.3k -13,336
54 MML INVESTORS SERVICES, LLC 0.33% of their portfolio SPRINGFIELD, MA 589,614589.6k $60.7m $60.7m 0.33% Added +51.1k +51,114
55 IFP Advisors, Inc 1.48% of their portfolio TAMPA, FL 588,814588.8k $67.5m $67.5m 1.48% Added +420.5k +420,500
56 New Harbor Financial Group, LLC 17.90% of their portfolio WORCESTER, MA 571,697571.7k $58.9m $58.9m 17.90% Added +252.1k +252,083
57 HighTower Advisors, LLC 0.11% of their portfolio CHICAGO, IL 535,845535.8k $55.1m $55.1m 0.11% Added +105.1k +105,079
58 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 514,373514.4k $52.9m $52.9m 0.01% Added +63.1k +63,115
59 Balyasny Asset Management L.P. 0.14% of their portfolio Chicago, IL 475,888475.9k $49.0m $49.0m 0.14% Added +155.2k +155,188
60 Accredited Investors Inc. 3.42% of their portfolio EDINA, MN 466,091466.1k $48.0m $48.0m 3.42% Added +39.0k +38,989
61 Disciplina Capital Management LLC 8.17% of their portfolio NASHVILLE, TN 451,825451.8k $46.5m $46.5m 8.17% Added +167.4k +167,370
62 Trek Financial, LLC 4.09% of their portfolio Scottsdale, AZ 450,849450.8k $46.4m $46.4m 4.09% Added +38.2k +38,177
63 IMC-Chicago, LLC 1.51% of their portfolio CHICAGO, IL 441,543441.5k $45.5m $45.5m 1.51% New
64 Cetera Investment Advisers 0.38% of their portfolio SCHAUMBURG, IL 441,475441.5k $45.4m $45.4m 0.38% Added +25.1k +25,126
65 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 413,470413.5k $42.6m $42.6m 0.00% Reduced -208.9k -208,875
66 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.52% of their portfolio Madrid, U3 391,128391.1k $40.3m $40.3m 0.52% Reduced -146.0k -145,975
67 Thrivent Financial for Lutherans 0.09% of their portfolio Minneapolis, MN 377,342377.3k $38.8m $38.8m 0.09% Added +67.6k +67,601
68 SPINNAKER TRUST 2.79% of their portfolio PORTLAND, ME 373,638373.6k $38.5m $38.5m 2.79% Added +3.4k +3,360
69 PFS INVESTMENTS INC. 0.61% of their portfolio DULUTH, GA 364,152364.2k $37.5m $37.5m 0.61% Added +68.0k +67,986
70 Cadence Wealth Management LLC 35.85% of their portfolio WESTBOROUGH, MA 359,771359.8k $37.0m $37.0m 35.85% Added +69.9k +69,894
71 TOWNSQUARE CAPITAL LLC 0.66% of their portfolio Lehi, UT 351,966352.0k $36.2m $36.2m 0.66% Added +2.6k +2,602
72 Krilogy Financial LLC 3.06% of their portfolio ST. LOUIS, MO 330,636330.6k $34.0m $34.0m 3.06% Added +19.3k +19,285
73 1832 Asset Management L.P. 0.07% of their portfolio TORONTO, A6 330,635330.6k $34.0m $34.0m 0.07% Added +120.8k +120,785
74 CADINHA & CO LLC 6.11% of their portfolio HONOLULU, HI 326,357326.4k $33.6m $33.6m 6.11% Added +323.4k +323,425
75 Crestone Asset Management LLC 7.21% of their portfolio BOULDER, CO 318,459318.5k $32.8m $32.8m 7.21% Added +47.3k +47,321
76 BCM ADVISORS, LLC 8.63% of their portfolio LAFAYETTE, LA 316,143316.1k $32.2m $32.2m 8.63% Added +8.8k +8,811
77 HANTZ FINANCIAL SERVICES, INC. 0.81% of their portfolio SOUTHFIELD, MI 315,908315.9k $32.5m $32.5m 0.81% Added +43.1k +43,113
78 STATE OF MICHIGAN RETIREMENT SYSTEM 0.19% of their portfolio EAST LANSING, MI 300,000300.0k $30.9m $30.9m 0.19% New
79 NewEdge Advisors, LLC 0.35% of their portfolio NEW ORLEANS, LA 299,834299.8k $30.9m $30.9m 0.35% Added +191.4k +191,367
80 Cetera Advisor Networks LLC 0.21% of their portfolio EL SEGUNDO, CA 295,165295.2k $30.4m $30.4m 0.21% Added +31.4k +31,447
81 One Day In July LLC 5.49% of their portfolio BURLINGTON, VT 294,682294.7k $30.3m $30.3m 5.49% Added +17.4k +17,351
82 GTS SECURITIES LLC 0.92% of their portfolio NEW YORK, NY 282,505282.5k $29.1m $29.1m 0.92% First filing
83 PICTET ASSET MANAGEMENT SA 0.03% of their portfolio GENEVA 73, V8 274,685274.7k $28.3m $28.3m 0.03% Added +38.6k +38,595
84 WNY Asset Management, LLC 5.95% of their portfolio Williamsville, NY 271,611271.6k $28.0m $28.0m 5.95% Added +33.4k +33,396
85 Scarborough Advisors, LLC 6.51% of their portfolio ANNAPOLIS, MD 264,262264.3k $27.2m $27.2m 6.51% Added +31.0k +30,981
86 Gradient Investments LLC 0.68% of their portfolio ARDEN HILLS, MN 255,528255.5k $26.3m $26.3m 0.68% Added +254.4k +254,366
87 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 249,431249.4k $25.7m $25.7m 0.03% Added +65.2k +65,193
88 Atria Investments, Inc 0.46% of their portfolio Charlotte, NC 248,742248.7k $25.6m $25.6m 0.46% Added +50.6k +50,564
89 Freedom Investment Management, Inc. 2.82% of their portfolio SOUTH WINDSOR, CT 244,632244.6k $25.2m $25.2m 2.82% Reduced -52.4k -52,420
90 Mirae Asset Global Investments Co., Ltd. 0.05% of their portfolio SEOUL, M5 243,541243.5k $25.1m $25.1m 0.05% Reduced -123.6k -123,610
91 TD Waterhouse Canada Inc. 0.27% of their portfolio TORONTO, A6 233,189233.2k $27.0m $27.0m 0.27% Added +87.9k +87,897
92 AFFINITY WEALTH MANAGEMENT LLC 5.50% of their portfolio WILMINGTON, DE 232,965233.0k $24.0m $24.0m 5.50% Reduced -1.9k -1,854
93 Municipal Employees' Retirement System of Michigan 0.34% of their portfolio LANSING, MI 232,776232.8k $24.0m $24.0m 0.34% Reduced -883.9k -883,860
94 KING LUTHER CAPITAL MANAGEMENT CORP 0.12% of their portfolio FORT WORTH, TX 229,045229.0k $23.6m $23.6m 0.12% New
95 AMERICAN ASSET MANAGEMENT INC. 24.13% of their portfolio Boca Raton, FL 224,435224.4k $23.1m $23.1m 24.13% Added +1.5k +1,536
96 WOLVERINE TRADING, LLC 0.30% of their portfolio CHICAGO, IL 218,293218.3k $22.2m $22.2m 0.30% Added +75.8k +75,769
97 GREAT VALLEY ADVISOR GROUP, INC. 0.94% of their portfolio WILMINGTON, DE 217,093217.1k $22.3m $22.3m 0.94% Added +773 +773
98 DFPG INVESTMENTS, LLC 1.99% of their portfolio SANDY, UT 214,067214.1k $22.0m $22.0m 1.99% Reduced -203.6k -203,629
99 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 205,151205.2k $21.1m $21.1m 0.05% Reduced -163.3k -163,300
100 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 203,841203.8k $21.0m $21.0m 0.01% Reduced -339.0k -339,005