Vault-13

ISHARES TR TLT

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

1,125 institutional holders +12 vs Q4 2023
485,623,626485.6m shares reported held*
$45.3bnreported value*
145 new 436 added 432 reduced 130 sold out net bought ≈ $4.7bn (+57.0m 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 ($34.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $93.21. Options: 72 managers hold calls ($9.9bn notional), 61 hold puts ($8.2bn).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 738Q4 22: 781Q1 23: 814Q2 23: 878Q3 23: 937Q4 23: 1,113Q1 24: 1,1251,125Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022738
Q4 2022781
Q1 2023814
Q2 2023878
Q3 2023937
Q4 20231,113
Q1 20241,125

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 23Q4 23: 675 bought or addedQ4 23: 411 cut or sold outQ4 23Q1 24: 581 bought or addedQ1 24: 562 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022444354
Q1 2023503322
Q2 2023551320
Q3 2023605374
Q4 2023675411
Q1 2024581562

Calls vs puts

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

CallsPuts
$0$5bn$10bn$15bnQ2 23 calls: $12.3bnQ2 23 puts: $4.7bnQ2 23P/C 0.38Q3 23 calls: $12.8bnQ3 23 puts: $4.4bnQ3 23P/C 0.34Q4 23 calls: $13.0bnQ4 23 puts: $8.7bnQ4 23P/C 0.66Q1 24 calls: $9.9bnQ1 24 puts: $8.2bnQ1 24P/C 0.83
Numbers
QuarterCallsPutsP/C
Q2 2023$12.3bn$4.7bn0.38
Q3 2023$12.8bn$4.4bn0.34
Q4 2023$13.0bn$8.7bn0.66
Q1 2024$9.9bn$8.2bn0.83

Biggest buyers

MORGAN STANLEY Added +63,111,979+63.1m
GFG Capital, LLC Added +7,361,102+7.4m
JANE STREET GROUP, LLC Added +6,457,638+6.5m
HSBC HOLDINGS PLC Added +3,430,417+3.4m
BANK OF AMERICA CORP /DE/ Added +3,011,931+3.0m
CITIGROUP INC Added +2,652,318+2.7m
CIBC WORLD MARKET INC. Added +2,216,382+2.2m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +1,707,384+1.7m
BARCLAYS PLC Added +1,380,031+1.4m
DEUTSCHE BANK AG\ Added +799,858+799.9k

Biggest sellers

UBS Group AG Reduced -3,827,003-3.8m
NATIONAL BANK OF CANADA /FI/ Reduced -3,233,179-3.2m
JPMORGAN CHASE & CO Reduced -2,390,356-2.4m
ASSETMARK, INC Reduced -2,340,067-2.3m
NISA INVESTMENT ADVISORS, LLC Sold out -2,000,000-2.0m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -1,953,600-2.0m
Capitolis Liquid Global Markets LLC Reduced -1,898,810-1.9m
OSAIC HOLDINGS, INC. Reduced -1,688,458-1.7m
ENVESTNET ASSET MANAGEMENT INC Reduced -1,606,928-1.6m
HRT FINANCIAL LP Reduced -1,540,934-1.5m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.3bn23.9m shares
UBS Group AG Reduced $1.3bn13.9m shares
CITADEL ADVISORS LLC Reduced $1.1bn11.3m shares
CITIGROUP INC Added $960.7m10.2m shares
BANK OF AMERICA CORP /DE/ Reduced $733.3m7.7m shares
Parallax Volatility Advisers, L.P. Added $641.6m6.8m shares
WOLVERINE TRADING, LLC Reduced $282.7m3.0m shares
Walleye Capital LLC Added $271.1m2.9m shares
ExodusPoint Capital Management, LP Added $191.3m2.0m shares
MILLENNIUM MANAGEMENT LLC Added $163.9m1.7m shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.1bn22.4m shares
CITADEL ADVISORS LLC Reduced $776.1m8.2m shares
GOLDMAN SACHS GROUP INC Reduced $690.1m7.3m shares
PAYDEN & RYGEL INVESTMENT GROUP First filing $554.9m58.6k shares
PAYDEN & RYGEL New $554.9m58.6k shares
BANK OF AMERICA CORP /DE/ Added $424.4m4.5m shares
UBS Group AG Added $385.8m4.1m shares
CITIGROUP INC Reduced $346.3m3.7m shares
Parallax Volatility Advisers, L.P. Added $303.3m3.2m shares
Walleye Capital LLC Reduced $252.9m2.7m 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.35% of their portfolio NEW YORK, NY 140,032,365140.0m $13.2bn $13.2bn 0.35% Added +63.1m +63,111,979
2 BANK OF AMERICA CORP /DE/ 0.48% of their portfolio CHARLOTTE, NC 51,097,61151.1m $4.8bn $4.8bn 0.48% Added +3.0m +3,011,931
3 Rafferty Asset Management, LLC 12.61% of their portfolio New York, NY 35,736,03135.7m $3.4bn $3.4bn 12.61% Reduced -830.8k -830,831
4 JANE STREET GROUP, LLC 2.40% of their portfolio NEW YORK, NY 19,599,02119.6m $1.9bn $1.9bn 2.40% Added +6.5m +6,457,638
5 FMR LLC 0.12% of their portfolio BOSTON, MA 19,163,98719.2m $1.8bn $1.8bn 0.12% Reduced -281.7k -281,655
6 BlackRock Inc. 0.04% of their portfolio New York, NY 17,281,16617.3m $1.6bn $1.6bn 0.04% Added +456.0k +456,033
7 ENVESTNET ASSET MANAGEMENT INC 0.55% of their portfolio Berwyn, PA 15,603,77615.6m $1.5bn $1.5bn 0.55% Reduced -1.6m -1,606,928
8 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 11,245,27811.2m $1.1bn $1.1bn 0.05% Reduced -2.4m -2,390,356
9 UBS Group AG 0.31% of their portfolio ZURICH, V8 9,841,5889.8m $931.2m $931.2m 0.31% Reduced -3.8m -3,827,003
10 TD Asset Management Inc 0.86% of their portfolio Toronto, A6 9,725,7669.7m $920.3m $920.3m 0.86% Reduced -13.7k -13,691
11 GFG Capital, LLC 11.75% of their portfolio MIAMI, FL 7,466,7847.5m $45.5m $45.5m 11.75% Added +7.4m +7,361,102
12 CIBC WORLD MARKET INC. 1.67% of their portfolio TORONTO, A6 6,894,7556.9m $652.4m $652.4m 1.67% Added +2.2m +2,216,382
13 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.77% of their portfolio BALA CYNWYD, PA 5,421,7965.4m $513.0m $513.0m 0.77% Added +1.7m +1,707,384
14 AMERIPRISE FINANCIAL INC 0.13% of their portfolio MINNEAPOLIS, MN 5,035,5795.0m $482.2m $482.2m 0.13% Reduced -1.3m -1,346,878
15 LPL Financial LLC 0.23% of their portfolio FORT MILL, SC 4,532,3364.5m $428.8m $428.8m 0.23% Reduced -406.3k -406,292
16 WELLS FARGO & COMPANY/MN 0.11% of their portfolio SAN FRANCISCO, CA 4,230,0174.2m $400.2m $400.2m 0.11% Reduced -299.9k -299,870
17 BARCLAYS PLC 0.18% of their portfolio LONDON, X0 4,150,0614.2m $392.7m $392.7m 0.18% Added +1.4m +1,380,031
18 Nan Shan Life Insurance Co., Ltd. 8.71% of their portfolio Taipei City, F5 3,913,6793.9m $370.3m $370.3m 8.71% Unchanged
19 HSBC HOLDINGS PLC 0.23% of their portfolio LONDON, X0 3,477,9473.5m $329.1m $329.1m 0.23% Added +3.4m +3,430,417
20 CITIGROUP INC 0.35% of their portfolio NEW YORK, NY 3,411,4393.4m $322.8m $322.8m 0.35% Added +2.7m +2,652,318
21 MACKENZIE FINANCIAL CORP 0.40% of their portfolio TORONTO ONTARIO, A6 2,903,1002.9m $274.7m $274.7m 0.40% Added +686.2k +686,200
22 Janney Montgomery Scott LLC 0.72% of their portfolio PHILADELPHIA, PA 2,549,1972.5m $241.2m $241.2m 0.72% Reduced -183.0k -182,991
23 VANTAGEPOINT INVESTMENT ADVISERS LLC 38.73% of their portfolio WASHINGTON, DC 2,473,5412.5m $234.0m $234.0m 38.73% Unchanged
24 OSAIC HOLDINGS, INC. 0.51% of their portfolio SCOTTSDALE, AZ 2,429,6102.4m $229.9m $229.9m 0.51% Reduced -1.7m -1,688,458
25 Raymond James Financial Services Advisors, Inc. 0.31% of their portfolio ST. PETERSBURG, FL 2,221,2592.2m $210.2m $210.2m 0.31% Added +200.6k +200,551
26 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 2,216,0112.2m $209.7m $209.7m 0.05% Added +53.7k +53,740
27 ASSETMARK, INC 0.66% of their portfolio CONCORD, CA 2,157,8092.2m $204.2m $204.2m 0.66% Reduced -2.3m -2,340,067
28 RAYMOND JAMES & ASSOCIATES 0.12% of their portfolio ST PETERSBURG, FL 1,869,6811.9m $176.9m $176.9m 0.12% Reduced -135.5k -135,462
29 TRUIST FINANCIAL CORP 0.26% of their portfolio CHARLOTTE, NC 1,821,5731.8m $172.4m $172.4m 0.26% Reduced -219.0k -219,046
30 Envestnet Portfolio Solutions, Inc. 0.63% of their portfolio BERWYN, PA 1,777,8651.8m $168.2m $168.2m 0.63% Reduced -193.9k -193,913
31 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 1,771,0371.8m $167.6m $167.6m 0.04% Reduced -155.3k -155,312
32 ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio NASHVILLE, TN 1,752,7161.8m $165.8m $165.8m 0.06% Reduced -27.1k -27,102
33 STIFEL FINANCIAL CORP 0.16% of their portfolio ST. LOUIS, MO 1,495,1301.5m $141.5m $141.5m 0.16% Reduced -177.7k -177,654
34 Harvest Portfolios Group Inc. 5.40% of their portfolio Oakville, A6 1,461,7071.5m $138.3m $138.3m 5.40% Added +673.1k +673,084
35 Parallax Volatility Advisers, L.P. 3.79% of their portfolio San Francisco, CA 1,408,3781.4m $133.3m $133.3m 3.79% Reduced -137.1k -137,144
36 COMMONWEALTH EQUITY SERVICES, LLC 0.21% of their portfolio WALTHAM, MA 1,353,2371.4m $128.0m $128.0m 0.21% Added +171.6k +171,624
37 AIA Group Ltd 4.06% of their portfolio HONG KONG, K3 1,312,9961.3m $124.2m $124.2m 4.06% Added +697.3k +697,255
38 Nationwide Fund Advisors 13.45% of their portfolio COLUMBUS, OH 1,312,6261.3m $124.2m $124.2m 13.45% Added +21.4k +21,416
39 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,276,9231.3m $120.8m $120.8m 0.02% Reduced -171.6k -171,591
40 Cetera Investment Advisers 0.28% of their portfolio SCHAUMBURG, IL 1,264,9331.3m $119.7m $119.7m 0.28% Added +693.5k +693,465
41 HANTZ FINANCIAL SERVICES, INC. 2.26% of their portfolio SOUTHFIELD, MI 1,226,9881.2m $116.1m $116.1m 2.26% Added +439.9k +439,893
42 WS MANAGEMENT LLLP 10.43% of their portfolio JACKSONVILLE, FL 1,203,6001.2m $113.9m $113.9m 10.43% Reduced -305.0k -305,000
43 WestEnd Advisors, LLC 2.89% of their portfolio CHARLOTTE, NC 1,180,0431.2m $111.7m $111.7m 2.89% Reduced -73.5k -73,500
44 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.10% of their portfolio Toronto, A6 1,179,0461.2m $111.6m $111.6m 0.10% Added +473.8k +473,848
45 CWM, LLC 0.54% of their portfolio OMAHA, NE 1,169,9381.2m $110.7m $110.7m 0.54% Reduced -86.3k -86,270
46 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.11% of their portfolio MILWAUKEE, WI 1,120,7801.1m $106.0m $106.0m 0.11% Added +343.9k +343,882
47 VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio San Antonio, TX 940,285940.3k $89.0m $89.0m 0.09% Added +92.4k +92,445
48 Mirae Asset Global Investments Co., Ltd. 0.19% of their portfolio SEOUL, M5 929,137929.1k $87.9m $87.9m 0.19% Added +563.4k +563,419
49 US BANCORP \DE\ 0.12% of their portfolio MINNEAPOLIS, MN 918,517918.5k $86.9m $86.9m 0.12% Added +40.4k +40,371
50 Cullen/Frost Bankers, Inc. 1.27% of their portfolio San Antonio, TX 906,283906.3k $85.8m $85.8m 1.27% Added +103.4k +103,354
51 Ally Financial Inc. 11.15% of their portfolio Detroit, MI 873,000873.0k $82.6m $82.6m 11.15% Unchanged
52 BNP PARIBAS FINANCIAL MARKETS 0.10% of their portfolio PARIS, I0 871,497871.5k $82.5m $82.5m 0.10% Reduced -1.1m -1,117,082
53 PARK AVENUE SECURITIES LLC 1.03% of their portfolio NEW YORK, NY 842,981843.0k $79.8m $79.8m 1.03% Reduced -171.9k -171,876
54 CITADEL ADVISORS LLC 0.08% of their portfolio MIAMI, FL 829,664829.7k $78.5m $78.5m 0.08% Reduced -918.9k -918,855
55 DEUTSCHE BANK AG\ 0.04% of their portfolio FRANKFURT AM MAIN, 2M 800,000800.0k $75.7m $75.7m 0.04% Added +799.9k +799,858
56 HighTower Advisors, LLC 0.12% of their portfolio CHICAGO, IL 796,539796.5k $75.3m $75.3m 0.12% Added +138.7k +138,737
57 MML INVESTORS SERVICES, LLC 0.29% of their portfolio SPRINGFIELD, MA 755,586755.6k $71.5m $71.5m 0.29% Reduced -251.7k -251,746
58 Rockefeller Capital Management L.P. 0.21% of their portfolio NEW YORK, NY 749,391749.4k $70.9m $70.9m 0.21% Added +329.6k +329,600
59 Maxi Investments CY Ltd 15.56% of their portfolio LIMASSOL, G4 610,505610.5k $57.8m $57.8m 15.56% Reduced -651.8k -651,818
60 Disciplina Capital Management LLC 9.68% of their portfolio NASHVILLE, TN 606,376606.4k $57.4m $57.4m 9.68% Added +130.1k +130,071
61 TUDOR INVESTMENT CORP ET AL 0.69% of their portfolio STAMFORD, CT 600,046600.0k $56.8m $56.8m 0.69% Added +587.6k +587,640
62 ING GROEP NV 0.38% of their portfolio AMSTERDAM, P7 585,200585.2k $55.4m $55.4m 0.38% New
63 Ground Swell Capital, LLC 57.94% of their portfolio FOLLY BEACH, SC 584,036584.0k $55.3m $55.3m 57.94% Added +487.9k +487,914
64 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 583,360583.4k $55.2m $55.2m 0.02% Reduced -65.2k -65,217
65 CI INVESTMENTS INC. 0.22% of their portfolio TORONTO, Z4 575,949575.9k $54.5m $54.5m 0.22% Added +19.6k +19,642
66 Thrivent Financial for Lutherans 0.11% of their portfolio Minneapolis, MN 559,756559.8k $53.0m $53.0m 0.11% Added +31.2k +31,193
67 Jordan Park Group LLC 3.09% of their portfolio SAN FRANCISCO, CA 514,017514.0k $48.6m $48.6m 3.09% Added +180.3k +180,286
68 Atria Wealth Solutions, Inc. 0.55% of their portfolio NEW YORK, NY 509,824509.8k $48.2m $48.2m 0.55% Added +78.8k +78,766
69 Lombard Odier Asset Management (USA) Corp 6.82% of their portfolio New York, NY 500,000500.0k $47.3m $47.3m 6.82% Added +300.0k +300,000
70 AlTi Global, Inc. 1.29% of their portfolio NEW YORK, NY 491,331491.3k $46.5m $46.5m 1.29% Reduced -91.8k -91,790
71 AE Wealth Management LLC 0.51% of their portfolio TOPEKA, KS 480,976481.0k $45.5m $45.5m 0.51% Reduced -323.1k -323,067
72 U.S. Capital Wealth Advisors, LLC 1.75% of their portfolio AUSTIN, TX 479,922479.9k $45.4m $45.4m 1.75% Reduced -479.6k -479,551
73 Dynasty Wealth Management, LLC 1.41% of their portfolio ST. PETERSBURG, FL 468,677468.7k $44.3m $44.3m 1.41% First filing
74 Quotient Wealth Partners, LLC 1.52% of their portfolio DALLAS, TX 448,852448.9k $42.5m $42.5m 1.52% Added +44.6k +44,571
75 WNY Asset Management, LLC 6.29% of their portfolio Williamsville, NY 435,260435.3k $41.2m $41.2m 6.29% Added +18.2k +18,202
76 Cambridge Investment Research Advisors, Inc. 0.16% of their portfolio FAIRFIELD, IA 432,745432.7k $40.9m $40.9m 0.16% Added +28.1k +28,091
77 Global Assets Advisory, LLC 0.18% of their portfolio ORLANDO, FL 428,507428.5k $4.6k $4.6k 0.18% New
78 University of Illinois Foundation 14.67% of their portfolio CHAMPAIGN, IL 419,412419.4k $39.7m $39.7m 14.67% Unchanged
79 GR FINANCIAL GROUP, LLC 9.14% of their portfolio TUCSON, AZ 417,178417.2k $39.5m $39.5m 9.14% New
80 Hamilton Capital Partners Inc. 4.69% of their portfolio TORONTO, A6 409,926409.9k $38.8m $38.8m 4.69% Added +114.0k +113,989
81 CX Institutional 1.83% of their portfolio AUBURN, IN 402,731402.7k $38.1m $38.1m 1.83% Added +52.1k +52,127
82 GM Advisory Group, LLC 2.54% of their portfolio MELVILLE, NY 382,500382.5k $36.2m $36.2m 2.54% Reduced -14.7k -14,661
83 CPC Advisors, LLC 6.00% of their portfolio Atlanta, GA 371,104371.1k $35.1m $35.1m 6.00% Added +20.9k +20,919
84 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.37% of their portfolio Madrid, U3 366,764366.8k $32.6m $32.6m 0.37% Reduced -113.8k -113,785
85 Townsend & Associates, Inc 3.75% of their portfolio WESTMINSTER, CO 361,637361.6k $32.2m $32.2m 3.75% Added +9.3k +9,283
86 IFP Advisors, Inc 1.43% of their portfolio TAMPA, FL 344,156344.2k $32.6m $32.6m 1.43% Added +15.4k +15,417
87 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.27% of their portfolio IRVING, TX 340,915340.9k $32.3m $32.3m 0.27% Reduced -140.2k -140,187
88 EVOKE WEALTH, LLC 0.96% of their portfolio Los Angeles, CA 339,613339.6k $32.1m $32.1m 0.96% New
89 BCM ADVISORS, LLC 7.54% of their portfolio LAFAYETTE, LA 336,724336.7k $29.8m $29.8m 7.54% Added +4.1k +4,074
90 TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio NEW YORK, NY 328,878328.9k $31.1m $31.1m 0.08% Added +55.8k +55,824
91 CAPTRUST FINANCIAL ADVISORS 0.11% of their portfolio RALEIGH, NC 324,557324.6k $30.7m $30.7m 0.11% Reduced -94.1k -94,054
92 TIAA TRUST, NATIONAL ASSOCIATION 0.09% of their portfolio CHARLOTTE, NC 309,499309.5k $29.3m $29.3m 0.09% Reduced -174.2k -174,187
93 Crestone Asset Management LLC 5.88% of their portfolio BOULDER, CO 308,928308.9k $29.2m $29.2m 5.88% Reduced -14.0k -14,000
94 Bell Investment Advisors, Inc 5.66% of their portfolio ORINDA, CA 306,193306.2k $29.0m $29.0m 5.66% Added +30.2k +30,176
95 PEAK6 Investments LLC 1.39% of their portfolio CHICAGO, IL 304,104304.1k $28.8m $28.8m 1.39% Reduced -988.7k -988,721
96 Cadence Wealth Management LLC 29.59% of their portfolio WESTBOROUGH, MA 304,070304.1k $28.8m $28.8m 29.59% Added +68.2k +68,156
97 Atria Investments, Inc 0.39% of their portfolio Charlotte, NC 296,861296.9k $28.1m $28.1m 0.39% Reduced -39.2k -39,173
98 WESTWOOD HOLDINGS GROUP INC 0.22% of their portfolio DALLAS, TX 295,985296.0k $28.0m $28.0m 0.22% Added +17.2k +17,246
99 Foundations Investment Advisors, LLC 0.72% of their portfolio PHOENIX, AZ 292,609292.6k $27.7m $27.7m 0.72% Reduced -4.1k -4,080
100 DSC Meridian Capital LP 20.06% of their portfolio NEW YORK, NY 292,523292.5k $27.7m $27.7m 20.06% Added +161.2k +161,188