Vault-13

ISHARES TR TLT

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

1,231 institutional holders +37 vs Q3 2024
421,897,160421.9m shares reported held*
$36.9bnreported value*
141 new 445 added 454 reduced 184 sold out net sold ≈ $6.7bn (-77.2m 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 ($84.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $87.41. Options: 70 managers hold calls ($15.0bn notional), 62 hold puts ($13.4bn).

Trends to Q4 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: 1,125Q2 24: 1,116Q3 24: 1,194Q4 24: 1,2311,231Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022738
Q4 2022781
Q1 2023814
Q2 2023878
Q3 2023937
Q4 20231,113
Q1 20241,125
Q2 20241,116
Q3 20241,194
Q4 20241,231

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 23: 503 bought or addedQ1 23: 322 cut or sold outQ2 23: 551 bought or addedQ2 23: 320 cut or sold outQ2 23Q3 23: 605 bought or addedQ3 23: 374 cut or sold outQ4 23: 675 bought or addedQ4 23: 411 cut or sold outQ4 23Q1 24: 581 bought or addedQ1 24: 562 cut or sold outQ2 24: 612 bought or addedQ2 24: 515 cut or sold outQ2 24Q3 24: 673 bought or addedQ3 24: 491 cut or sold outQ4 24: 586 bought or addedQ4 24: 638 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023503322
Q2 2023551320
Q3 2023605374
Q4 2023675411
Q1 2024581562
Q2 2024612515
Q3 2024673491
Q4 2024586638

Calls vs puts

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

CallsPuts
$0$5bn$10bn$15bn$20bnQ1 24 calls: $9.9bnQ1 24 puts: $8.2bnQ1 24P/C 0.83Q2 24 calls: $11.1bnQ2 24 puts: $8.6bnQ2 24P/C 0.77Q3 24 calls: $14.6bnQ3 24 puts: $14.5bnQ3 24P/C 1.00Q4 24 calls: $15.0bnQ4 24 puts: $13.4bnQ4 24P/C 0.89
Numbers
QuarterCallsPutsP/C
Q1 2024$9.9bn$8.2bn0.83
Q2 2024$11.1bn$8.6bn0.77
Q3 2024$14.6bn$14.5bn1.00
Q4 2024$15.0bn$13.4bn0.89

Biggest buyers

MACKENZIE FINANCIAL CORP Added +7,858,100+7.9m
GOLDMAN SACHS GROUP INC Added +2,803,569+2.8m
State of Tennessee, Department of Treasury New +2,230,569+2.2m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +1,678,118+1.7m
FMR LLC Added +1,421,699+1.4m
BANK OF MONTREAL /CAN/ Added +1,301,176+1.3m
RENAISSANCE TECHNOLOGIES LLC Added +1,059,000+1.1m
Invesco Ltd. New +975,000+975.0k
CI INVESTMENTS INC. Added +881,030+881.0k
Cassaday & Co Wealth Management LLC New +784,083+784.1k

Biggest sellers

MORGAN STANLEY Reduced -18,492,499-18.5m
BANK OF AMERICA CORP /DE/ Reduced -18,341,371-18.3m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -13,651,319-13.7m
CIBC WORLD MARKET INC. Reduced -9,209,855-9.2m
JPMORGAN CHASE & CO Reduced -8,108,431-8.1m
Rafferty Asset Management, LLC Reduced -5,373,843-5.4m
BARCLAYS PLC Reduced -5,181,743-5.2m
CITIGROUP INC Reduced -4,136,473-4.1m
ASSETMARK, INC Reduced -4,135,453-4.1m
Ocean Park Asset Management, LLC Sold out -2,689,136-2.7m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.4bn50.5m shares
JANE STREET GROUP, LLC Added $4.1bn47.0m shares
CITADEL ADVISORS LLC Added $1.5bn17.4m shares
Walleye Capital LLC Added $1.1bn12.1m shares
BANK OF AMERICA CORP /DE/ Reduced $521.6m6.0m shares
WOLVERINE TRADING, LLC Added $395.6m4.5m shares
Aptus Capital Advisors, LLC New $262.0m3.0m shares
ExodusPoint Capital Management, LP Added $227.5m2.6m shares
UBS Group AG Reduced $222.1m2.5m shares
Valiant Capital Management, L.P. Unchanged $218.3m2.5m shares

Biggest puts

GOLDMAN SACHS GROUP INC Added $3.6bn41.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.2bn36.6m shares
JANE STREET GROUP, LLC Reduced $2.0bn23.4m shares
BANK OF AMERICA CORP /DE/ Added $1.2bn14.0m shares
CITADEL ADVISORS LLC Reduced $1.1bn13.0m shares
NWI MANAGEMENT LP Reduced $237.5m2.7m shares
WOLVERINE TRADING, LLC Added $188.1m2.1m shares
Parallax Volatility Advisers, L.P. Reduced $165.9m1.9m shares
BNP PARIBAS FINANCIAL MARKETS Reduced $157.6m18.1k shares
Walleye Capital LLC Reduced $155.9m1.8m 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, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.64% of their portfolio CHARLOTTE, NC 79,219,83379.2m $6.9bn $6.9bn 0.64% Reduced -18.3m -18,341,371
2 Rafferty Asset Management, LLC 12.93% of their portfolio New York, NY 41,834,30241.8m $3.7bn $3.7bn 12.93% Reduced -5.4m -5,373,843
3 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.77% of their portfolio MILWAUKEE, WI 37,642,24637.6m $3.3bn $3.3bn 2.77% Added +1.7m +1,678,118
4 MORGAN STANLEY 0.13% of their portfolio NEW YORK, NY 20,659,04320.7m $1.8bn $1.8bn 0.13% Reduced -18.5m -18,492,499
5 BlackRock, Inc. 0.03% of their portfolio New York, NY 17,757,48617.8m $1.6bn $1.6bn 0.03% Reduced -1.1m -1,124,602
6 ENVESTNET ASSET MANAGEMENT INC 0.45% of their portfolio Berwyn, PA 15,956,95016.0m $1.4bn $1.4bn 0.45% Added +298.0k +298,003
7 MACKENZIE FINANCIAL CORP 0.47% of their portfolio TORONTO ONTARIO, A6 11,733,90011.7m $1.0bn $1.0bn 0.47% Added +7.9m +7,858,100
8 UBS Group AG 0.22% of their portfolio ZURICH, V8 11,261,30411.3m $983.4m $983.4m 0.22% Added +456.0k +455,993
9 BANK OF MONTREAL /CAN/ 0.46% of their portfolio TORONTO, A6 10,690,56710.7m $933.6m $933.6m 0.46% Added +1.3m +1,301,176
10 FMR LLC 0.04% of their portfolio BOSTON, MA 7,274,9897.3m $635.3m $635.3m 0.04% Added +1.4m +1,421,699
11 JANE STREET GROUP, LLC 1.01% of their portfolio NEW YORK, NY 7,229,5507.2m $631.4m $631.4m 1.01% Reduced -1.5m -1,528,805
12 LPL Financial LLC 0.21% of their portfolio FORT MILL, SC 6,035,0966.0m $527.0m $527.0m 0.21% Added +258.5k +258,504
13 Capula Management Ltd 3.12% of their portfolio Grand Cayman, E9 5,216,4175.2m $455.5m $455.5m 3.12% Not comparable
14 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 4,644,4134.6m $405.6m $405.6m 0.03% Reduced -8.1m -8,108,431
15 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 4,484,9244.5m $391.7m $391.7m 0.09% Reduced -695.6k -695,595
16 AMERIPRISE FINANCIAL INC 0.09% of their portfolio MINNEAPOLIS, MN 4,001,5724.0m $349.8m $349.8m 0.09% Reduced -711.5k -711,543
17 Nan Shan Life Insurance Co., Ltd. 8.39% of their portfolio Taipei City, F5 3,997,6804.0m $349.1m $349.1m 8.39% Unchanged
18 GOLDMAN SACHS GROUP INC 0.06% of their portfolio NEW YORK, NY 3,525,3813.5m $307.9m $307.9m 0.06% Added +2.8m +2,803,569
19 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.40% of their portfolio BALA CYNWYD, PA 3,101,6373.1m $270.9m $270.9m 0.40% Reduced -13.7m -13,651,319
20 Harvest Portfolios Group Inc. 8.85% of their portfolio Oakville, A6 3,039,5343.0m $265.4m $265.4m 8.85% Added +285.8k +285,825
21 CITIGROUP INC 0.24% of their portfolio NEW YORK, NY 2,905,6142.9m $253.7m $253.7m 0.24% Reduced -4.1m -4,136,473
22 RAYMOND JAMES FINANCIAL INC 0.09% of their portfolio ST. PETERSBURG, FL 2,798,2912.8m $244.4m $244.4m 0.09% First filing
23 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 2,737,3682.7m $239.1m $239.1m 0.05% Added +329.7k +329,662
24 ALLIANCEBERNSTEIN L.P. 0.08% of their portfolio NASHVILLE, TN 2,720,2132.7m $237.6m $237.6m 0.08% Reduced -17.0k -16,970
25 Mirae Asset Global Investments Co., Ltd. 0.86% of their portfolio SEOUL, M5 2,429,2742.4m $211.8m $211.8m 0.86% Added +353.5k +353,468
26 OSAIC HOLDINGS, INC. 0.44% of their portfolio SCOTTSDALE, AZ 2,263,7802.3m $197.1m $197.1m 0.44% Reduced -479.1k -479,069
27 State of Tennessee, Department of Treasury 0.71% of their portfolio NASHVILLE, TN 2,230,5692.2m $194.8m $194.8m 0.71% New
28 Envestnet Portfolio Solutions, Inc. 0.64% of their portfolio BERWYN, PA 2,230,3712.2m $194.8m $194.8m 0.64% Added +592.8k +592,846
29 VANTAGEPOINT INVESTMENT ADVISERS LLC 29.40% of their portfolio WASHINGTON, DC 2,101,4412.1m $183.5m $183.5m 29.40% Reduced -372.1k -372,100
30 STIFEL FINANCIAL CORP 0.18% of their portfolio ST. LOUIS, MO 1,979,5892.0m $172.9m $172.9m 0.18% Added +294.8k +294,769
31 AIA Group Ltd 4.15% of their portfolio HONG KONG, K3 1,966,3462.0m $171.7m $171.7m 4.15% Added +491.8k +491,835
32 HANTZ FINANCIAL SERVICES, INC. 2.98% of their portfolio SOUTHFIELD, MI 1,958,1752.0m $171.0m $171.0m 2.98% Added +175.6k +175,574
33 COMMONWEALTH EQUITY SERVICES, LLC 0.23% of their portfolio WALTHAM, MA 1,840,4821.8m $160.7m $160.7m 0.23% Added +91.8k +91,847
34 Janney Montgomery Scott LLC 0.42% of their portfolio PHILADELPHIA, PA 1,743,5581.7m $152.3m $152.3m 0.42% Reduced -651.5k -651,505
35 US BANCORP \DE\ 0.19% of their portfolio MINNEAPOLIS, MN 1,697,0511.7m $148.2m $148.2m 0.19% Added +743.9k +743,864
36 Nationwide Fund Advisors 10.59% of their portfolio COLUMBUS, OH 1,514,8401.5m $132.3m $132.3m 10.59% Added +196.9k +196,893
37 TRUIST FINANCIAL CORP 0.20% of their portfolio CHARLOTTE, NC 1,438,1701.4m $125.6m $125.6m 0.20% Reduced -230.9k -230,864
38 University of Illinois Foundation 35.81% of their portfolio CHAMPAIGN, IL 1,405,5281.4m $122.7m $122.7m 35.81% Added +770.0k +770,040
39 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.10% of their portfolio Toronto, A6 1,291,2841.3m $112.8m $112.8m 0.10% Added +703.7k +703,715
40 Rockefeller Capital Management L.P. 0.28% of their portfolio NEW YORK, NY 1,244,8521.2m $108.7m $108.7m 0.28% Added +409.3k +409,258
41 IMC-Chicago, LLC 2.92% of their portfolio CHICAGO, IL 1,226,6011.2m $107.1m $107.1m 2.92% Added +181.4k +181,408
42 RENAISSANCE TECHNOLOGIES LLC 0.16% of their portfolio NEW YORK, NY 1,199,9861.2m $104.8m $104.8m 0.16% Added +1.1m +1,059,000
43 Cetera Investment Advisers 0.22% of their portfolio SCHAUMBURG, IL 1,186,7151.2m $103.6m $103.6m 0.22% Reduced -142.3k -142,318
44 U.S. Capital Wealth Advisors, LLC 3.21% of their portfolio AUSTIN, TX 1,186,4611.2m $103.6m $103.6m 3.21% Reduced -6.3k -6,339
45 CI INVESTMENTS INC. 0.39% of their portfolio TORONTO, Z4 1,171,2371.2m $102.3m $102.3m 0.39% Added +881.0k +881,030
46 Jordan Park Group LLC 7.48% of their portfolio SAN FRANCISCO, CA 1,159,2601.2m $101.2m $101.2m 7.48% Added +287.7k +287,703
47 BARCLAYS PLC 0.05% of their portfolio LONDON, X0 1,094,3811.1m $95.6m $95.6m 0.05% Reduced -5.2m -5,181,743
48 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 975,000975.0k $85.1m $85.1m 0.02% New
49 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 945,303945.3k $82.6m $82.6m 0.02% Added +48.6k +48,563
50 Dynasty Wealth Management, LLC 1.36% of their portfolio ST. PETERSBURG, FL 905,254905.3k $79.1m $79.1m 1.36% Added +304.4k +304,416
51 AlTi Global, Inc. 1.90% of their portfolio NEW YORK, NY 902,846902.8k $78.8m $78.8m 1.90% Reduced -219.6k -219,614
52 Hamilton Capital Partners Inc. 5.85% of their portfolio TORONTO, A6 897,620897.6k $78.4m $78.4m 5.85% Added +175.8k +175,816
53 Ally Financial Inc. 9.30% of their portfolio Detroit, MI 873,000873.0k $76.2m $76.2m 9.30% Unchanged
54 CWM, LLC 0.31% of their portfolio OMAHA, NE 856,365856.4k $74.8m $74.8m 0.31% Reduced -21.6k -21,582
55 VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio San Antonio, TX 836,718836.7k $73.1m $73.1m 0.07% Reduced -97.7k -97,683
56 WestEnd Advisors, LLC 1.82% of their portfolio CHARLOTTE, NC 820,470820.5k $71.7m $71.7m 1.82% Reduced -274.0k -274,019
57 MML INVESTORS SERVICES, LLC 0.24% of their portfolio SPRINGFIELD, MA 806,291806.3k $70.4m $70.4m 0.24% Reduced -18.5k -18,459
58 Maxi Investments CY Ltd 13.41% of their portfolio LIMASSOL, G4 796,155796.2k $69.5m $69.5m 13.41% Added +185.7k +185,650
59 Cassaday & Co Wealth Management LLC 1.87% of their portfolio MCLEAN, VA 784,083784.1k $68.5m $68.5m 1.87% New
60 PARK AVENUE SECURITIES LLC 0.69% of their portfolio NEW YORK, NY 767,634767.6k $67.0m $67.0m 0.69% Added +98.9k +98,927
61 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 762,015762.0k $66.5m $66.5m 0.05% Reduced -149.8k -149,774
62 Balyasny Asset Management L.P. 0.15% of their portfolio Chicago, IL 752,416752.4k $65.7m $65.7m 0.15% Added +668.9k +668,909
63 WS MANAGEMENT LLLP 9.74% of their portfolio JACKSONVILLE, FL 722,983723.0k $63.1m $63.1m 9.74% Reduced -900.0k -900,000
64 Cullen/Frost Bankers, Inc. 0.86% of their portfolio San Antonio, TX 716,424716.4k $62.6m $62.6m 0.86% Reduced -348.4k -348,428
65 HighTower Advisors, LLC 0.08% of their portfolio CHICAGO, IL 706,672706.7k $61.7m $61.7m 0.08% Reduced -105.3k -105,279
66 HIMENSION CAPITAL (SINGAPORE) PTE. LTD. 4.23% of their portfolio SINGAPORE, U0 698,719698.7k $61.0m $61.0m 4.23% Added +267.5k +267,547
67 Cambridge Investment Research Advisors, Inc. 0.20% of their portfolio FAIRFIELD, IA 681,300681.3k $59.5m $59.5m 0.20% Reduced -243.6k -243,569
68 Atria Wealth Solutions, Inc. 0.63% of their portfolio NEW YORK, NY 658,973659.0k $57.5m $57.5m 0.63% Added +84.2k +84,192
69 Rock Creek Group LLC 5.95% of their portfolio Washington, DC 642,194642.2k $56.5m $56.5m 5.95% New
70 IHT Wealth Management, LLC 1.80% of their portfolio Chicago, IL 638,984639.0k $55.8m $55.8m 1.80% Added +37.5k +37,546
71 MIDLAND WEALTH ADVISORS, LLC 3.22% of their portfolio EFFINGHAM, IL 612,085612.1k $53.5m $53.5m 3.22% Added +47.9k +47,903
72 Disciplina Capital Management LLC 8.73% of their portfolio NASHVILLE, TN 593,037593.0k $51.8m $51.8m 8.73% Added +45.6k +45,575
73 Quotient Wealth Partners, LLC 1.65% of their portfolio DALLAS, TX 577,474577.5k $50.4m $50.4m 1.65% Added +16.2k +16,197
74 Quadrature Capital Ltd 0.98% of their portfolio LONDON, X0 562,684562.7k $49.2m $49.2m 0.98% Reduced -352.3k -352,318
75 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.10% of their portfolio CAUSEWAY BAY, K3 542,310542.3k $47.4m $47.4m 0.10% Added +128.8k +128,791
76 PRUDENTIAL PLC 0.23% of their portfolio LONDON, X0 519,900519.9k $45.4m $45.4m 0.23% Added +514.6k +514,600
77 Jump Financial, LLC 0.95% of their portfolio Chicago, IL 515,488515.5k $45.0m $45.0m 0.95% Added +112.0k +111,965
78 TD PRIVATE CLIENT WEALTH LLC 1.21% of their portfolio NEW YORK, NY 493,402493.4k $43.1m $43.1m 1.21% Added +49.0k +49,045
79 CX Institutional 1.61% of their portfolio AUBURN, IN 465,582465.6k $40.7m $40.7m 1.61% Added +156.1k +156,138
80 Kestra Advisory Services, LLC 0.21% of their portfolio AUSTIN, TX 436,498436.5k $38.1m $38.1m 0.21% Added +119.5k +119,495
81 Concurrent Investment Advisors, LLC 1.01% of their portfolio Tampa, FL 428,464428.5k $37.4m $37.4m 1.01% Added +33.2k +33,195
82 Sanctuary Advisors, LLC 0.24% of their portfolio INDIANAPOLIS, IN 421,606421.6k $37.2m $37.2m 0.24% Reduced -18.0k -18,043
83 Centre Asset Management, LLC 8.42% of their portfolio NEW YORK, NY 421,331421.3k $36.8m $36.8m 8.42% Added +13.7k +13,676
84 Foundations Investment Advisors, LLC 0.71% of their portfolio PHOENIX, AZ 419,665419.7k $36.6m $36.6m 0.71% Added +41.4k +41,364
85 Cadence Wealth Management LLC 24.25% of their portfolio WESTBOROUGH, MA 419,202419.2k $36.6m $36.6m 24.25% Added +24.4k +24,423
86 NewEdge Advisors, LLC 0.22% of their portfolio NEW ORLEANS, LA 415,675415.7k $36.3m $36.3m 0.22% Reduced -48.3k -48,254
87 Townsend & Associates, Inc 3.59% of their portfolio WESTMINSTER, CO 398,518398.5k $35.1m $35.1m 3.59% Added +13.6k +13,561
88 BCM ADVISORS, LLC 7.96% of their portfolio LAFAYETTE, LA 396,356396.4k $35.6m $35.6m 7.96% Added +51.5k +51,479
89 Thrivent Financial for Lutherans 0.07% of their portfolio Minneapolis, MN 385,066385.1k $34.4m $34.4m 0.07% Reduced -289.4k -289,415
90 TIAA TRUST, NATIONAL ASSOCIATION 0.10% of their portfolio CHARLOTTE, NC 384,853384.9k $33.6m $33.6m 0.10% Reduced -45.5k -45,519
91 GM Advisory Group, LLC 1.80% of their portfolio MELVILLE, NY 372,360372.4k $32.5m $32.5m 1.80% Added +1.8k +1,839
92 PEAK6 LLC 1.27% of their portfolio AUSTIN, TX 369,932369.9k $32.3m $32.3m 1.27% First filing
93 OneDigital Investment Advisors LLC 0.36% of their portfolio OVERLAND PARK, KS 359,535359.5k $31.4m $31.4m 0.36% Added +116.6k +116,582
94 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.42% of their portfolio TOKYO, M0 356,833356.8k $31.2m $31.2m 0.42% Added +78.3k +78,251
95 GTS SECURITIES LLC 1.51% of their portfolio NEW YORK, NY 355,168355.2k $31.0m $31.0m 1.51% Added +26.2k +26,174
96 Bell Investment Advisors, Inc 5.79% of their portfolio ORINDA, CA 355,010355.0k $31.0m $31.0m 5.79% Added +25.7k +25,720
97 Procyon Advisors, LLC 1.97% of their portfolio SHELTON, CT 353,317353.3k $30.9m $30.9m 1.97% Added +349.4k +349,404
98 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 344,783344.8k $30.1m $30.1m 0.02% Added +41.2k +41,164
99 NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio MONTREAL, A8 339,752339.8k $29.7m $29.7m 0.04% Added +157.8k +157,838
100 Scarborough Advisors, LLC 4.11% of their portfolio ANNAPOLIS, MD 332,745332.7k $29.1m $29.1m 4.11% Added +18.7k +18,704