Vault-13

ISHARES TR TLT

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

937 institutional holders +59 vs Q2 2023
314,643,185314.6m shares reported held*
$27.9bnreported value*
184 new 421 added 246 reduced 128 sold out net bought ≈ $2.9bn (+32.7m 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 ($24.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $88.76. Options: 82 managers hold calls ($12.8bn notional), 50 hold puts ($4.4bn).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 738Q4 22: 781Q1 23: 814Q2 23: 878Q3 23: 937937Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022738
Q4 2022781
Q1 2023814
Q2 2023878
Q3 2023937

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 23Q3 23: 605 bought or addedQ3 23: 374 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022444354
Q1 2023503322
Q2 2023551320
Q3 2023605374

Calls vs puts

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

CallsPuts
$0$5bn$10bn$15bnQ4 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 0.38Q3 23 calls: $12.8bnQ3 23 puts: $4.4bnQ3 23P/C 0.34
Numbers
QuarterCallsPutsP/C
Q4 2022$8.6bn$4.8bn0.56
Q1 2023$7.1bn$4.1bn0.58
Q2 2023$12.3bn$4.7bn0.38
Q3 2023$12.8bn$4.4bn0.34

Biggest buyers

ENVESTNET ASSET MANAGEMENT INC Added +9,270,435+9.3m
BANK OF AMERICA CORP /DE/ Added +9,243,236+9.2m
MORGAN STANLEY Added +6,505,853+6.5m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +4,745,698+4.7m
BlackRock Inc. Added +4,741,787+4.7m
JANE STREET GROUP, LLC Added +2,842,541+2.8m
Rafferty Asset Management, LLC Added +2,352,314+2.4m
OSAIC HOLDINGS, INC. Added +2,350,914+2.4m
LPL Financial LLC Added +2,337,389+2.3m
Maxi Investments CY Ltd New +1,475,876+1.5m

Biggest sellers

FMR LLC Reduced -5,813,753-5.8m
BARCLAYS PLC Reduced -5,703,727-5.7m
ASSETMARK, INC Reduced -4,497,122-4.5m
JPMORGAN CHASE & CO Reduced -3,690,134-3.7m
CIBC WORLD MARKET INC. Reduced -3,017,076-3.0m
TD Asset Management Inc Reduced -2,066,221-2.1m
CI INVESTMENTS INC. Reduced -1,981,671-2.0m
HSBC HOLDINGS PLC Reduced -1,067,497-1.1m
CIBC WORLD MARKETS CORP Reduced -1,032,000-1.0m
Brevan Howard Capital Management LP Sold out -842,930-842.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.1bn24.1m shares
CITADEL ADVISORS LLC Added $1.9bn21.3m shares
ROYAL BANK OF CANADA Reduced $1.5bn16.7m shares
UBS Group AG Added $1.5bn16.4m shares
CITIGROUP INC Reduced $1.3bn14.2m shares
Brevan Howard Capital Management LP New $864.7m9.8m shares
BANK OF AMERICA CORP /DE/ Added $496.5m5.6m shares
Waratah Capital Advisors Ltd. New $328.8m3.7m shares
GOLDMAN SACHS GROUP INC Added $266.4m3.0m shares
Parallax Volatility Advisers, L.P. Reduced $255.0m2.9m shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.7bn19.0m shares
CITADEL ADVISORS LLC Added $884.7m10.0m shares
BANK OF AMERICA CORP /DE/ Added $263.0m3.0m shares
UBS Group AG Reduced $212.8m2.4m shares
MARSHALL WACE, LLP Added $169.8m1.9m shares
GOLDMAN SACHS GROUP INC Added $159.3m1.8m shares
CITIGROUP INC Reduced $115.2m1.3m shares
Parallax Volatility Advisers, L.P. Reduced $105.1m1.2m shares
GTS SECURITIES LLC New $102.9m1.2m shares
WOLVERINE TRADING, LLC Added $96.7m1.1m 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.53% of their portfolio CHARLOTTE, NC 48,773,97348.8m $4.3bn $4.3bn 0.53% Added +9.2m +9,243,236
2 MORGAN STANLEY 0.36% of their portfolio NEW YORK, NY 39,464,37739.5m $3.5bn $3.5bn 0.36% Added +6.5m +6,505,853
3 ENVESTNET ASSET MANAGEMENT INC 0.65% of their portfolio Berwyn, PA 16,120,50516.1m $1.4bn $1.4bn 0.65% Added +9.3m +9,270,435
4 Rafferty Asset Management, LLC 8.14% of their portfolio New York, NY 15,620,85615.6m $1.4bn $1.4bn 8.14% Added +2.4m +2,352,314
5 BlackRock Inc. 0.03% of their portfolio New York, NY 13,392,28113.4m $1.2bn $1.2bn 0.03% Added +4.7m +4,741,787
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 1.70% of their portfolio BALA CYNWYD, PA 12,372,59012.4m $1.1bn $1.1bn 1.70% Added +4.7m +4,745,698
7 UBS Group AG 0.35% of their portfolio ZURICH, V8 8,573,5098.6m $760.4m $760.4m 0.35% Reduced -807.4k -807,433
8 FMR LLC 0.06% of their portfolio BOSTON, MA 7,964,2048.0m $706.3m $706.3m 0.06% Reduced -5.8m -5,813,753
9 TD Asset Management Inc 0.83% of their portfolio Toronto, A6 7,716,2177.7m $684.4m $684.4m 0.83% Reduced -2.1m -2,066,221
10 JANE STREET GROUP, LLC 0.97% of their portfolio NEW YORK, NY 7,040,5617.0m $624.4m $624.4m 0.97% Added +2.8m +2,842,541
11 CITIGROUP INC 0.75% of their portfolio NEW YORK, NY 5,941,4865.9m $527.0m $527.0m 0.75% Added +19.8k +19,810
12 LPL Financial LLC 0.29% of their portfolio FORT MILL, SC 4,614,0784.6m $409.2m $409.2m 0.29% Added +2.3m +2,337,389
13 WELLS FARGO & COMPANY/MN 0.12% of their portfolio SAN FRANCISCO, CA 4,371,0304.4m $387.7m $387.7m 0.12% Added +248.7k +248,685
14 AMERIPRISE FINANCIAL INC 0.12% of their portfolio MINNEAPOLIS, MN 4,191,0994.2m $372.4m $372.4m 0.12% Added +184.5k +184,475
15 Nan Shan Life Insurance Co., Ltd. 9.74% of their portfolio Taipei City, F5 4,024,6794.0m $356.9m $356.9m 9.74% Unchanged
16 OSAIC HOLDINGS, INC. 0.52% of their portfolio SCOTTSDALE, AZ 3,997,0824.0m $354.5m $354.5m 0.52% Added +2.4m +2,350,914
17 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 3,502,2553.5m $310.6m $310.6m 0.04% Reduced -3.7m -3,690,134
18 CITADEL ADVISORS LLC 0.32% of their portfolio MIAMI, FL 3,295,1643.3m $292.2m $292.2m 0.32% Added +1.5m +1,450,081
19 MACKENZIE FINANCIAL CORP 0.41% of their portfolio TORONTO ONTARIO, A6 2,855,0002.9m $242.8m $242.8m 0.41% Added +261.0k +261,000
20 BARCLAYS PLC 0.16% of their portfolio LONDON, X0 2,733,0092.7m $242.4m $242.4m 0.16% Reduced -5.7m -5,703,727
21 Janney Montgomery Scott LLC 0.87% of their portfolio PHILADELPHIA, PA 2,618,3492.6m $232.2m $232.2m 0.87% Added +466.3k +466,280
22 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 2,579,1472.6m $228.7m $228.7m 0.07% Added +284.4k +284,360
23 VANTAGEPOINT INVESTMENT ADVISERS LLC 35.77% of their portfolio WASHINGTON, DC 2,473,5412.5m $219.4m $219.4m 35.77% Added +69.5k +69,500
24 Bramshill Investments, LLC 22.19% of their portfolio NAPLES, FL 2,152,5882.2m $190.9m $190.9m 22.19% Reduced -606.5k -606,480
25 Raymond James Financial Services Advisors, Inc. 0.33% of their portfolio ST. PETERSBURG, FL 2,042,5792.0m $181.2m $181.2m 0.33% Added +260.4k +260,433
26 RAYMOND JAMES & ASSOCIATES 0.14% of their portfolio ST PETERSBURG, FL 1,870,9101.9m $165.9m $165.9m 0.14% Reduced -212.5k -212,470
27 Envestnet Portfolio Solutions, Inc. 0.77% of their portfolio BERWYN, PA 1,836,5601.8m $162.9m $162.9m 0.77% First filing
28 TRUIST FINANCIAL CORP 0.27% of their portfolio CHARLOTTE, NC 1,824,0871.8m $161.8m $161.8m 0.27% Added +64.9k +64,929
29 ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio NASHVILLE, TN 1,731,4541.7m $153.6m $153.6m 0.07% Added +42.4k +42,360
30 CAPTRUST FINANCIAL ADVISORS 0.58% of their portfolio RALEIGH, NC 1,707,9591.7m $151.5m $151.5m 0.58% Added +179.0k +179,031
31 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio Toronto, A6 1,624,7101.6m $144.1m $144.1m 0.08% Added +257.4k +257,444
32 SIMPLEX TRADING, LLC 5.06% of their portfolio CHICAGO, IL 1,555,4161.6m $137.9m $137.9m 5.06% Added +574.5k +574,458
33 BNP PARIBAS FINANCIAL MARKETS 0.30% of their portfolio PARIS, I0 1,541,1081.5m $136.7m $136.7m 0.30% Added +132.4k +132,356
34 Maxi Investments CY Ltd 60.50% of their portfolio LIMASSOL, G4 1,475,8761.5m $130.9m $130.9m 60.50% New
35 Jordan Park Group LLC 9.27% of their portfolio SAN FRANCISCO, CA 1,454,1771.5m $129.0m $129.0m 9.27% Added +217.9k +217,924
36 Nationwide Fund Advisors 12.91% of their portfolio COLUMBUS, OH 1,332,1931.3m $118.2m $118.2m 12.91% Added +44.4k +44,357
37 STIFEL FINANCIAL CORP 0.16% of their portfolio ST. LOUIS, MO 1,310,5501.3m $116.2m $116.2m 0.16% Added +129.1k +129,119
38 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,274,1651.3m $113.0m $113.0m 0.02% Added +759.8k +759,792
39 CWM, LLC 0.68% of their portfolio OMAHA, NE 1,257,8811.3m $111.6m $111.6m 0.68% Added +1.2m +1,151,489
40 Annex Advisory Services, LLC 6.62% of their portfolio BROOKFIELD, WI 1,233,9241.2m $109.4m $109.4m 6.62% New
41 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 1,218,0031.2m $108.0m $108.0m 0.03% Reduced -824.8k -824,802
42 CI INVESTMENTS INC. 0.57% of their portfolio TORONTO, Z4 1,149,6891.1m $102.0m $102.0m 0.57% Reduced -2.0m -1,981,671
43 WestEnd Advisors, LLC 2.96% of their portfolio CHARLOTTE, NC 1,109,9261.1m $98.4m $98.4m 2.96% Reduced -5.3k -5,292
44 COMMONWEALTH EQUITY SERVICES, LLC 0.20% of their portfolio WALTHAM, MA 1,107,9031.1m $98.3m $98.3m 0.20% Added +81.9k +81,928
45 MML INVESTORS SERVICES, LLC 0.51% of their portfolio SPRINGFIELD, MA 1,048,6611.0m $93.0m $93.0m 0.51% Added +459.0k +459,047
46 AE Wealth Management LLC 0.55% of their portfolio TOPEKA, KS 1,029,2491.0m $91.3m $91.3m 0.55% Reduced -152.4k -152,366
47 PARK AVENUE SECURITIES LLC 1.37% of their portfolio NEW YORK, NY 1,000,0931.0m $88.7m $88.7m 1.37% Added +880.8k +880,798
48 CIBC WORLD MARKETS CORP 0.87% of their portfolio NEW YORK, NY 1,000,0001.0m $88.7m $88.7m 0.87% Reduced -1.0m -1,032,000
49 US BANCORP \DE\ 0.13% of their portfolio MINNEAPOLIS, MN 925,886925.9k $82.1m $82.1m 0.13% Added +246.4k +246,448
50 Ally Financial Inc. 11.38% of their portfolio Detroit, MI 873,000873.0k $77.4m $77.4m 11.38% Added +108.0k +108,000
51 CIBC WORLD MARKET INC. 0.27% of their portfolio TORONTO, A6 834,525834.5k $74.0m $74.0m 0.27% Reduced -3.0m -3,017,076
52 VICTORY CAPITAL MANAGEMENT INC 0.08% of their portfolio San Antonio, TX 802,582802.6k $71.2m $71.2m 0.08% Reduced -2.8k -2,774
53 BANK OF NOVA SCOTIA 0.18% of their portfolio TORONTO, A6 789,000789.0k $70.0m $70.0m 0.18% Added +766.4k +766,357
54 Cetera Investment Advisers 0.60% of their portfolio SCHAUMBURG, IL 777,652777.7k $69.0m $69.0m 0.60% Added +336.2k +336,177
55 AIA Group Ltd 3.13% of their portfolio HONG KONG, K3 723,825723.8k $64.2m $64.2m 3.13% New
56 SCHRODER INVESTMENT MANAGEMENT GROUP 0.09% of their portfolio London, X0 704,478704.5k $62.5m $62.5m 0.09% Added +84.6k +84,625
57 PRUDENTIAL PLC 0.70% of their portfolio LONDON, X0 674,293674.3k $59.8m $59.8m 0.70% Added +27.4k +27,377
58 Optiver Holding B.V. 1.61% of their portfolio AMSTERDAM, P7 635,807635.8k $56.4m $56.4m 1.61% Added +585.0k +585,009
59 Cullen/Frost Bankers, Inc. 0.92% of their portfolio San Antonio, TX 596,967597.0k $52.9m $52.9m 0.92% Added +442.1k +442,093
60 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 596,504596.5k $52.9m $52.9m 0.07% Added +347.1k +347,073
61 HRT FINANCIAL LP 0.53% of their portfolio NEW YORK, NY 580,755580.8k $51.5m $51.5m 0.53% Added +578.2k +578,161
62 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.66% of their portfolio Madrid, U3 559,608559.6k $48.9m $48.9m 0.66% Added +168.5k +168,480
63 New Harbor Financial Group, LLC 19.79% of their portfolio WORCESTER, MA 556,686556.7k $49.4m $49.4m 19.79% Reduced -15.0k -15,011
64 Balyasny Asset Management L.P. 0.14% of their portfolio Chicago, IL 555,012555.0k $49.2m $49.2m 0.14% Added +79.1k +79,124
65 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 554,721554.7k $49.2m $49.2m 0.05% Reduced -563.2k -563,243
66 Krilogy Financial LLC 4.12% of their portfolio ST. LOUIS, MO 507,049507.0k $45.0m $45.0m 4.12% Added +176.4k +176,413
67 Lombard Odier Asset Management (USA) Corp 7.60% of their portfolio New York, NY 499,900499.9k $44.3m $44.3m 7.60% New
68 Cambridge Investment Research Advisors, Inc. 0.20% of their portfolio FAIRFIELD, IA 491,604491.6k $43.6m $43.6m 0.20% Reduced -148.0k -148,038
69 Accredited Investors Inc. 3.16% of their portfolio EDINA, MN 474,440474.4k $42.1m $42.1m 3.16% Added +8.3k +8,349
70 Disciplina Capital Management LLC 8.38% of their portfolio NASHVILLE, TN 457,308457.3k $40.5m $40.5m 8.38% Added +5.5k +5,483
71 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 445,603445.6k $41.5m $41.5m 0.02% Added +241.8k +241,762
72 Thrivent Financial for Lutherans 0.09% of their portfolio Minneapolis, MN 442,109442.1k $39.2m $39.2m 0.09% Added +64.8k +64,767
73 PEAK6 Investments LLC 1.86% of their portfolio CHICAGO, IL 429,937429.9k $38.1m $38.1m 1.86% Added +356.4k +356,441
74 Ground Swell Capital, LLC 63.25% of their portfolio FOLLY BEACH, SC 422,550422.6k $37.5m $37.5m 63.25% Added +228.5k +228,494
75 Cetera Advisor Networks LLC 0.23% of their portfolio EL SEGUNDO, CA 415,150415.1k $36.8m $36.8m 0.23% Added +120.0k +119,985
76 HighTower Advisors, LLC 0.07% of their portfolio CHICAGO, IL 404,657404.7k $35.9m $35.9m 0.07% Reduced -131.2k -131,188
77 GM Advisory Group, LLC 2.92% of their portfolio MELVILLE, NY 402,308402.3k $35.7m $35.7m 2.92% New
78 NewEdge Advisors, LLC 0.39% of their portfolio NEW ORLEANS, LA 397,097397.1k $35.2m $35.2m 0.39% Added +97.3k +97,263
79 SPINNAKER TRUST 2.48% of their portfolio PORTLAND, ME 372,097372.1k $33.0m $33.0m 2.48% Reduced -1.5k -1,541
80 Rockefeller Capital Management L.P. 0.13% of their portfolio NEW YORK, NY 369,520369.5k $32.8m $32.8m 0.13% Added +271.4k +271,428
81 Sand Hill Global Advisors, LLC 1.74% of their portfolio Palo Alto, CA 356,255356.3k $31.6m $31.6m 1.74% Added +341.3k +341,339
82 CX Institutional 1.72% of their portfolio AUBURN, IN 352,700352.7k $31.2m $31.2m 1.72% Added +188.6k +188,567
83 HANTZ FINANCIAL SERVICES, INC. 0.79% of their portfolio SOUTHFIELD, MI 352,137352.1k $31.2m $31.2m 0.79% Added +36.2k +36,229
84 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 351,219351.2k $31.1m $31.1m 0.00% Reduced -62.3k -62,251
85 GTS SECURITIES LLC 0.64% of their portfolio NEW YORK, NY 343,803343.8k $30.5m $30.5m 0.64% Added +61.3k +61,298
86 Atria Wealth Solutions, Inc. 0.41% of their portfolio NEW YORK, NY 332,774332.8k $29.5m $29.5m 0.41% Added +172.5k +172,539
87 Crestone Asset Management LLC 7.03% of their portfolio BOULDER, CO 331,046331.0k $29.4m $29.4m 7.03% Added +12.6k +12,587
88 One Day In July LLC 5.14% of their portfolio BURLINGTON, VT 325,714325.7k $28.9m $28.9m 5.14% Added +31.0k +31,032
89 CANTOR FITZGERALD, L. P. 0.78% of their portfolio NEW YORK, NY 325,635325.6k $28.9m $28.9m 0.78% Added +219.5k +219,537
90 Cadence Wealth Management LLC 22.13% of their portfolio WESTBOROUGH, MA 300,335300.3k $26.6m $26.6m 22.13% Reduced -59.4k -59,436
91 BCM ADVISORS, LLC 7.79% of their portfolio LAFAYETTE, LA 293,558293.6k $26.3m $26.3m 7.79% Reduced -22.6k -22,585
92 Scarborough Advisors, LLC 6.30% of their portfolio ANNAPOLIS, MD 292,431292.4k $25.9m $25.9m 6.30% Added +28.2k +28,169
93 Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio SEOUL, M5 287,401287.4k $25.5m $25.5m 0.06% Added +43.9k +43,860
94 WNY Asset Management, LLC 4.83% of their portfolio Williamsville, NY 279,609279.6k $24.8m $24.8m 4.83% Added +8.0k +7,998
95 SOROS FUND MANAGEMENT LLC 0.50% of their portfolio NEW YORK, NY 275,000275.0k $24.4m $24.4m 0.50% New
96 Jefferies Financial Group Inc. 0.59% of their portfolio NEW YORK, NY 268,459268.5k $23.8m $23.8m 0.59% Added +260.5k +260,459
97 Bell Investment Advisors, Inc 5.29% of their portfolio ORINDA, CA 266,034266.0k $23.6m $23.6m 5.29% New
98 Atria Investments, Inc 0.42% of their portfolio Charlotte, NC 265,103265.1k $23.5m $23.5m 0.42% Added +16.4k +16,361
99 IMC-Chicago, LLC 1.51% of their portfolio CHICAGO, IL 264,080264.1k $23.4m $23.4m 1.51% Reduced -177.5k -177,463
100 Gradient Investments LLC 0.62% of their portfolio ARDEN HILLS, MN 263,959264.0k $23.4m $23.4m 0.62% Added +8.4k +8,431