Vault-13

ISHARES TR TLT

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

1,193 institutional holders -38 vs Q4 2024
459,218,379459.2m shares reported held*
$41.8bnreported value*
156 new 436 added 461 reduced 182 sold out net bought ≈ $3.3bn (+36.6m 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 ($112.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $91.08. Options: 73 managers hold calls ($15.9bn notional), 47 hold puts ($11.8bn).

Trends to Q1 2025

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: 1,231Q1 25: 1,1931,193Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
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
Q1 20251,193

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 23: 551 bought or addedQ2 23: 320 cut or sold outQ3 23: 605 bought or addedQ3 23: 374 cut or sold outQ3 23Q4 23: 675 bought or addedQ4 23: 411 cut or sold outQ1 24: 581 bought or addedQ1 24: 562 cut or sold outQ1 24Q2 24: 612 bought or addedQ2 24: 515 cut or sold outQ3 24: 673 bought or addedQ3 24: 491 cut or sold outQ3 24Q4 24: 586 bought or addedQ4 24: 638 cut or sold outQ1 25: 592 bought or addedQ1 25: 643 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023551320
Q3 2023605374
Q4 2023675411
Q1 2024581562
Q2 2024612515
Q3 2024673491
Q4 2024586638
Q1 2025592643

Calls vs puts

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

CallsPuts
$0$5bn$10bn$15bn$20bnQ2 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 0.89Q1 25 calls: $15.9bnQ1 25 puts: $11.8bnQ1 25P/C 0.74
Numbers
QuarterCallsPutsP/C
Q2 2024$11.1bn$8.6bn0.77
Q3 2024$14.6bn$14.5bn1.00
Q4 2024$15.0bn$13.4bn0.89
Q1 2025$15.9bn$11.8bn0.74

Biggest buyers

CITIGROUP INC Added +24,657,424+24.7m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +18,067,184+18.1m
BANK OF AMERICA CORP /DE/ Added +13,588,369+13.6m
BARCLAYS PLC Added +4,702,961+4.7m
SIMPLEX TRADING, LLC New +3,057,978+3.1m
GOLDMAN SACHS GROUP INC Added +2,007,400+2.0m
Bramshill Investments, LLC Added +1,564,988+1.6m
ASSETMARK, INC Added +1,352,977+1.4m
HSBC HOLDINGS PLC Added +1,231,563+1.2m
Eisler Capital Management Ltd. New +1,042,300+1.0m

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -8,889,711-8.9m
MACKENZIE FINANCIAL CORP Reduced -8,002,100-8.0m
Capula Management Ltd Reduced -5,047,014-5.0m
JANE STREET GROUP, LLC Reduced -2,066,013-2.1m
MORGAN STANLEY Reduced -1,797,755-1.8m
LPL Financial LLC Reduced -1,657,226-1.7m
OSAIC HOLDINGS, INC. Reduced -1,327,023-1.3m
Envestnet Portfolio Solutions, Inc. Reduced -1,323,255-1.3m
Jordan Park Group LLC Sold out -1,159,260-1.2m
RENAISSANCE TECHNOLOGIES LLC Reduced -1,106,700-1.1m

Biggest calls

JANE STREET GROUP, LLC Reduced $2.5bn27.8m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.2bn23.9m shares
CITADEL ADVISORS LLC Added $1.7bn18.2m shares
CITIGROUP INC Added $1.6bn17.6m shares
BARCLAYS PLC Added $1.4bn15.9m shares
BANK OF AMERICA CORP /DE/ Added $960.4m10.6m shares
GOLDMAN SACHS GROUP INC Added $617.0m6.8m shares
WOLVERINE TRADING, LLC Reduced $381.2m4.2m shares
Walleye Capital LLC Reduced $343.9m3.8m shares
ExodusPoint Capital Management, LP Added $322.4m3.5m shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.4bn37.7m shares
GOLDMAN SACHS GROUP INC Reduced $2.2bn23.7m shares
JANE STREET GROUP, LLC Reduced $1.7bn18.4m shares
CITADEL ADVISORS LLC Added $1.3bn14.0m shares
BANK OF AMERICA CORP /DE/ Reduced $782.0m8.6m shares
BARCLAYS PLC New $324.7m3.6m shares
PEAK6 LLC Added $274.3m3.0m shares
WOLVERINE TRADING, LLC Added $227.9m2.5m shares
CITIGROUP INC Added $197.2m2.2m shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added $170.7m1.9m 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.75% of their portfolio CHARLOTTE, NC 92,808,20292.8m $8.4bn $8.4bn 0.75% Added +13.6m +13,588,369
2 Rafferty Asset Management, LLC 16.26% of their portfolio New York, NY 41,882,04141.9m $3.8bn $3.8bn 16.26% Added +47.7k +47,739
3 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.83% of their portfolio MILWAUKEE, WI 38,017,05738.0m $3.5bn $3.5bn 2.83% Added +374.8k +374,811
4 CITIGROUP INC 1.91% of their portfolio NEW YORK, NY 27,563,03827.6m $2.5bn $2.5bn 1.91% Added +24.7m +24,657,424
5 SUSQUEHANNA INTERNATIONAL GROUP, LLP 3.16% of their portfolio BALA CYNWYD, PA 21,168,82121.2m $1.9bn $1.9bn 3.16% Added +18.1m +18,067,184
6 MORGAN STANLEY 0.12% of their portfolio NEW YORK, NY 18,861,28818.9m $1.7bn $1.7bn 0.12% Reduced -1.8m -1,797,755
7 BlackRock, Inc. 0.03% of their portfolio New York, NY 17,838,36017.8m $1.6bn $1.6bn 0.03% Added +80.9k +80,874
8 UBS Group AG 0.23% of their portfolio ZURICH, V8 11,621,60911.6m $1.1bn $1.1bn 0.23% Added +360.3k +360,305
9 BANK OF MONTREAL /CAN/ 0.55% of their portfolio TORONTO, A6 11,403,61511.4m $1.0bn $1.0bn 0.55% Added +713.0k +713,048
10 FMR LLC 0.04% of their portfolio BOSTON, MA 7,577,6177.6m $689.8m $689.8m 0.04% Added +302.6k +302,628
11 ENVESTNET ASSET MANAGEMENT INC 0.21% of their portfolio Berwyn, PA 7,067,2397.1m $643.3m $643.3m 0.21% Reduced -8.9m -8,889,711
12 BARCLAYS PLC 0.24% of their portfolio LONDON, X0 5,797,3425.8m $527.7m $527.7m 0.24% Added +4.7m +4,702,961
13 GOLDMAN SACHS GROUP INC 0.10% of their portfolio NEW YORK, NY 5,532,7815.5m $503.6m $503.6m 0.10% Added +2.0m +2,007,400
14 JANE STREET GROUP, LLC 0.84% of their portfolio NEW YORK, NY 5,163,5375.2m $470.0m $470.0m 0.84% Reduced -2.1m -2,066,013
15 WELLS FARGO & COMPANY/MN 0.10% of their portfolio SAN FRANCISCO, CA 4,483,8744.5m $408.2m $408.2m 0.10% Reduced -1.1k -1,050
16 LPL Financial LLC 0.16% of their portfolio FORT MILL, SC 4,377,8704.4m $398.5m $398.5m 0.16% Reduced -1.7m -1,657,226
17 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 4,276,8634.3m $389.3m $389.3m 0.03% Reduced -367.6k -367,550
18 Nan Shan Life Insurance Co., Ltd. 8.59% of their portfolio Taipei City, F5 3,997,6804.0m $363.9m $363.9m 8.59% Unchanged
19 MACKENZIE FINANCIAL CORP 0.48% of their portfolio TORONTO ONTARIO, A6 3,731,8003.7m $339.7m $339.7m 0.48% Reduced -8.0m -8,002,100
20 Harvest Portfolios Group Inc. 9.78% of their portfolio Oakville, A6 3,638,6833.6m $331.2m $331.2m 9.78% Added +599.1k +599,149
21 AMERIPRISE FINANCIAL INC 0.08% of their portfolio MINNEAPOLIS, MN 3,219,9813.2m $293.0m $293.0m 0.08% Reduced -781.6k -781,591
22 SIMPLEX TRADING, LLC 9.88% of their portfolio CHICAGO, IL 3,057,9783.1m $278.4m $278.4m 9.88% New
23 RAYMOND JAMES FINANCIAL INC 0.10% of their portfolio ST. PETERSBURG, FL 2,881,7512.9m $262.3m $262.3m 0.10% Added +83.5k +83,460
24 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 2,865,3992.9m $260.8m $260.8m 0.06% Added +128.0k +128,031
25 ALLIANCEBERNSTEIN L.P. 0.09% of their portfolio NASHVILLE, TN 2,751,1822.8m $250.4m $250.4m 0.09% Added +31.0k +30,969
26 Mirae Asset Global Investments Co., Ltd. 0.99% of their portfolio SEOUL, M5 2,683,8182.7m $241.9m $241.9m 0.99% Added +254.5k +254,544
27 HANTZ FINANCIAL SERVICES, INC. 4.14% of their portfolio SOUTHFIELD, MI 2,583,5292.6m $235.2m $235.2m 4.14% Added +625.4k +625,354
28 State of Tennessee, Department of Treasury 0.77% of their portfolio NASHVILLE, TN 2,218,5692.2m $202.0m $202.0m 0.77% Reduced -12.0k -12,000
29 VANTAGEPOINT INVESTMENT ADVISERS LLC 21.81% of their portfolio WASHINGTON, DC 2,101,4412.1m $191.3m $191.3m 21.81% Unchanged
30 COMMONWEALTH EQUITY SERVICES, LLC 0.23% of their portfolio WALTHAM, MA 1,764,4381.8m $160.6m $160.6m 0.23% Reduced -76.0k -76,044
31 ASSETMARK, INC 0.42% of their portfolio CONCORD, CA 1,678,6851.7m $152.8m $152.8m 0.42% Added +1.4m +1,352,977
32 STIFEL FINANCIAL CORP 0.16% of their portfolio ST. LOUIS, MO 1,619,0571.6m $147.4m $147.4m 0.16% Reduced -360.5k -360,532
33 Bramshill Investments, LLC 15.01% of their portfolio NAPLES, FL 1,615,1771.6m $147.0m $147.0m 15.01% Added +1.6m +1,564,988
34 US BANCORP \DE\ 0.19% of their portfolio MINNEAPOLIS, MN 1,601,2131.6m $145.8m $145.8m 0.19% Reduced -95.8k -95,838
35 BNP PARIBAS FINANCIAL MARKETS 0.11% of their portfolio PARIS, I0 1,572,8111.6m $143.2m $143.2m 0.11% First filing
36 HSBC HOLDINGS PLC 0.09% of their portfolio LONDON, X0 1,552,5611.6m $141.1m $141.1m 0.09% Added +1.2m +1,231,563
37 Nationwide Fund Advisors 11.10% of their portfolio COLUMBUS, OH 1,430,6421.4m $130.2m $130.2m 11.10% Reduced -84.2k -84,198
38 TRUIST FINANCIAL CORP 0.20% of their portfolio CHARLOTTE, NC 1,337,1181.3m $121.7m $121.7m 0.20% Reduced -101.1k -101,052
39 Rockefeller Capital Management L.P. 0.29% of their portfolio NEW YORK, NY 1,300,2991.3m $118.4m $118.4m 0.29% Added +55.4k +55,447
40 AIA Group Ltd 2.90% of their portfolio HONG KONG, K3 1,298,9811.3m $118.2m $118.2m 2.90% Reduced -667.4k -667,365
41 Money Design Co.,Ltd. 5.85% of their portfolio TOKYO, M0 1,287,8891.3m $117.2m $117.2m 5.85% Added +985.9k +985,885
42 Janney Montgomery Scott LLC 0.33% of their portfolio PHILADELPHIA, PA 1,272,0431.3m $115.8m $115.8m 0.33% Reduced -471.5k -471,515
43 Hamilton Capital Partners Inc. 6.70% of their portfolio TORONTO, A6 1,146,8031.1m $104.4m $104.4m 6.70% Added +249.2k +249,183
44 Rock Creek Group LLC 11.79% of their portfolio Washington, DC 1,093,2061.1m $99.6m $99.6m 11.79% Added +451.0k +451,012
45 Eisler Capital Management Ltd. 2.84% of their portfolio LONDON, X0 1,042,3001.0m $94.8m $94.8m 2.84% New
46 Dynasty Wealth Management, LLC 1.57% of their portfolio ST. PETERSBURG, FL 1,036,3431.0m $94.3m $94.3m 1.57% Added +131.1k +131,089
47 Cambridge Investment Research Advisors, Inc. 0.32% of their portfolio FAIRFIELD, IA 1,033,4471.0m $94.1m $94.1m 0.32% Added +352.1k +352,147
48 Ocean Park Asset Management, LLC 3.06% of their portfolio SANTA MONICA, CA 948,054948.1k $86.3m $86.3m 3.06% New
49 OSAIC HOLDINGS, INC. 0.19% of their portfolio SCOTTSDALE, AZ 936,757936.8k $85.3m $85.3m 0.19% Reduced -1.3m -1,327,023
50 HighTower Advisors, LLC 0.12% of their portfolio CHICAGO, IL 931,956932.0k $84.8m $84.8m 0.12% Added +225.3k +225,284
51 Jump Financial, LLC 1.27% of their portfolio Chicago, IL 927,026927.0k $84.4m $84.4m 1.27% Added +411.5k +411,538
52 Envestnet Portfolio Solutions, Inc. 0.32% of their portfolio BERWYN, PA 907,116907.1k $82.6m $82.6m 0.32% Reduced -1.3m -1,323,255
53 Ally Financial Inc. 8.92% of their portfolio Detroit, MI 873,000873.0k $79.5m $79.5m 8.92% Unchanged
54 WestEnd Advisors, LLC 2.10% of their portfolio CHARLOTTE, NC 869,703869.7k $79.2m $79.2m 2.10% Added +49.2k +49,233
55 CI INVESTMENTS INC. 0.33% of their portfolio TORONTO, Z4 863,230863.2k $78.6m $78.6m 0.33% Reduced -308.0k -308,007
56 Electron Capital Partners, LLC 5.59% of their portfolio NEW YORK, NY 857,600857.6k $78.1m $78.1m 5.59% New
57 Optiver Holding B.V. 2.99% of their portfolio AMSTERDAM, P7 851,503851.5k $77.5m $77.5m 2.99% New
58 VICTORY CAPITAL MANAGEMENT INC 0.08% of their portfolio San Antonio, TX 841,539841.5k $76.6m $76.6m 0.08% Added +4.8k +4,821
59 IMC-Chicago, LLC 2.86% of their portfolio CHICAGO, IL 811,433811.4k $73.9m $73.9m 2.86% Reduced -415.2k -415,168
60 HIMENSION CAPITAL (SINGAPORE) PTE. LTD. 5.86% of their portfolio SINGAPORE, U0 753,851753.9k $68.6m $68.6m 5.86% Added +55.1k +55,132
61 MEEDER ASSET MANAGEMENT INC 4.63% of their portfolio DUBLIN, OH 753,244753.2k $68.6m $68.6m 4.63% New
62 AlTi Global, Inc. 1.78% of their portfolio NEW YORK, NY 747,746747.7k $68.1m $68.1m 1.78% Reduced -155.1k -155,100
63 University of Illinois Foundation 20.88% of their portfolio CHAMPAIGN, IL 729,823729.8k $66.4m $66.4m 20.88% Reduced -675.7k -675,705
64 Atria Wealth Solutions, Inc. 0.79% of their portfolio NEW YORK, NY 722,210722.2k $65.7m $65.7m 0.79% Added +63.2k +63,237
65 MOORE CAPITAL MANAGEMENT, LP 2.18% of their portfolio NEW YORK, NY 716,176716.2k $65.2m $65.2m 2.18% New
66 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.14% of their portfolio CAUSEWAY BAY, K3 699,854699.9k $63.7m $63.7m 0.14% Added +157.5k +157,544
67 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 692,250692.2k $63.0m $63.0m 0.01% Reduced -282.8k -282,750
68 Cetera Investment Advisers 0.12% of their portfolio SCHAUMBURG, IL 685,668685.7k $62.4m $62.4m 0.12% Reduced -501.0k -501,047
69 Disciplina Capital Management LLC 8.87% of their portfolio NASHVILLE, TN 670,234670.2k $61.0m $61.0m 8.87% Added +77.2k +77,197
70 GenWealth Group, Inc. 12.98% of their portfolio Maplewood, NJ 646,612646.6k $58.9m $58.9m 12.98% New
71 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio Toronto, A6 628,406628.4k $57.2m $57.2m 0.05% Reduced -662.9k -662,878
72 Quotient Wealth Partners, LLC 1.80% of their portfolio DALLAS, TX 618,387618.4k $56.3m $56.3m 1.80% Added +40.9k +40,913
73 TD PRIVATE CLIENT WEALTH LLC 1.33% of their portfolio NEW YORK, NY 531,083531.1k $48.3m $48.3m 1.33% Added +37.7k +37,681
74 CX Institutional 1.82% of their portfolio AUBURN, IN 528,487528.5k $48.1m $48.1m 1.82% Added +62.9k +62,905
75 U.S. Capital Wealth Advisors, LLC 1.47% of their portfolio AUSTIN, TX 526,920526.9k $48.0m $48.0m 1.47% Reduced -659.5k -659,541
76 IEQ CAPITAL, LLC 0.36% of their portfolio Foster City, CA 503,662503.7k $45.8m $45.8m 0.36% New
77 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 495,490495.5k $45.1m $45.1m 0.01% Reduced -449.8k -449,813
78 MML INVESTORS SERVICES, LLC 0.15% of their portfolio SPRINGFIELD, MA 482,348482.3k $43.9m $43.9m 0.15% Reduced -323.9k -323,943
79 SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio London, X0 480,389480.4k $43.3m $43.3m 0.04% Added +474.3k +474,289
80 Townsend & Associates, Inc 4.04% of their portfolio WESTMINSTER, CO 450,544450.5k $38.7m $38.7m 4.04% Added +52.0k +52,026
81 Cullen/Frost Bankers, Inc. 0.56% of their portfolio San Antonio, TX 442,716442.7k $40.3m $40.3m 0.56% Reduced -273.7k -273,708
82 IHT Wealth Management, LLC 1.24% of their portfolio Chicago, IL 437,051437.1k $39.8m $39.8m 1.24% Reduced -201.9k -201,933
83 Cadence Wealth Management LLC 28.85% of their portfolio WESTBOROUGH, MA 428,734428.7k $39.0m $39.0m 28.85% Added +9.5k +9,532
84 TIAA TRUST, NATIONAL ASSOCIATION 0.12% of their portfolio CHARLOTTE, NC 426,602426.6k $38.8m $38.8m 0.12% Added +41.7k +41,749
85 Concurrent Investment Advisors, LLC 0.92% of their portfolio Tampa, FL 415,399415.4k $37.8m $37.8m 0.92% Reduced -13.1k -13,065
86 Cassaday & Co Wealth Management LLC 1.04% of their portfolio MCLEAN, VA 404,630404.6k $36.8m $36.8m 1.04% Reduced -379.5k -379,453
87 WS MANAGEMENT LLLP 6.19% of their portfolio JACKSONVILLE, FL 402,118402.1k $36.6m $36.6m 6.19% Reduced -320.9k -320,865
88 Kestra Advisory Services, LLC 0.18% of their portfolio AUSTIN, TX 398,776398.8k $36.3m $36.3m 0.18% Reduced -37.7k -37,722
89 BCM ADVISORS, LLC 7.87% of their portfolio LAFAYETTE, LA 395,616395.6k $34.7m $34.7m 7.87% Reduced -740 -740
90 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.35% of their portfolio Madrid, U3 385,085385.1k $35.1m $35.1m 0.35% Added +67.4k +67,362
91 Pictet Asset Management Holding SA 0.04% of their portfolio CAROUGE, V8 369,205369.2k $33.3m $33.3m 0.04% New
92 Bell Investment Advisors, Inc 6.15% of their portfolio ORINDA, CA 365,808365.8k $33.3m $33.3m 6.15% Added +10.8k +10,798
93 SAGESPRING WEALTH PARTNERS, LLC 0.83% of their portfolio FRANKLIN, TN 362,931362.9k $33.0m $33.0m 0.83% Added +71.0k +70,968
94 Procyon Advisors, LLC 2.01% of their portfolio SHELTON, CT 362,606362.6k $33.0m $33.0m 2.01% Added +9.3k +9,289
95 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 360,092360.1k $32.8m $32.8m 0.02% Added +15.3k +15,309
96 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.59% of their portfolio TOKYO, M0 353,044353.0k $32.1m $32.1m 0.59% Reduced -3.8k -3,789
97 OneDigital Investment Advisors LLC 0.38% of their portfolio OVERLAND PARK, KS 350,114350.1k $31.9m $31.9m 0.38% Reduced -9.4k -9,421
98 CASTLEARK MANAGEMENT LLC 1.08% of their portfolio CHICAGO, IL 341,660341.7k $31.1m $31.1m 1.08% Added +151.3k +151,300
99 ARMSTRONG ADVISORY GROUP, INC 2.30% of their portfolio NEEDHAM, MA 330,450330.4k $28.9m $28.9m 2.30% Unchanged
100 Point72 Asset Management, L.P. 0.08% of their portfolio STAMFORD, CT 325,000325.0k $29.6m $29.6m 0.08% Added +175.0k +175,000