Vault-13

ISHARES TR TLH

10-20 YR TRS ETF · ETP · CUSIP 464288653

612 institutional holders -23 vs Q1 2026
108,631,639108.6m shares reported held*
$10.9bnreported value*
48 new 192 added 308 reduced 71 sold out net sold ≈ $510.4m (-5.1m 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 ($6.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $100.37. Options: 3 managers hold calls ($21.8m notional), 2 hold puts ($5.8m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 309Q4 22: 353Q1 23: 374Q2 23: 398Q3 23: 348Q4 23: 421Q1 24: 408Q2 24: 442Q3 24: 481Q4 24: 483Q1 25: 527Q2 25: 548Q3 25: 572Q4 25: 650Q1 26: 635Q2 26: 612612Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022309
Q4 2022353
Q1 2023374
Q2 2023398
Q3 2023348
Q4 2023421
Q1 2024408
Q2 2024442
Q3 2024481
Q4 2024483
Q1 2025527
Q2 2025548
Q3 2025572
Q4 2025650
Q1 2026635
Q2 2026612

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 24: 283 bought or addedQ3 24: 190 cut or sold outQ4 24: 234 bought or addedQ4 24: 232 cut or sold outQ4 24Q1 25: 347 bought or addedQ1 25: 186 cut or sold outQ2 25: 352 bought or addedQ2 25: 196 cut or sold outQ2 25Q3 25: 374 bought or addedQ3 25: 185 cut or sold outQ4 25: 331 bought or addedQ4 25: 275 cut or sold outQ4 25Q1 26: 336 bought or addedQ1 26: 307 cut or sold outQ2 26: 240 bought or addedQ2 26: 379 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024283190
Q4 2024234232
Q1 2025347186
Q2 2025352196
Q3 2025374185
Q4 2025331275
Q1 2026336307
Q2 2026240379

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ3 25 calls: $7.7mQ3 25 puts: $3.3mQ3 25P/C 0.43Q4 25 calls: $12.1mQ4 25 puts: $6.1mQ4 25P/C 0.50Q1 26 calls: $18.8mQ1 26 puts: $4.7mQ1 26P/C 0.25Q2 26 calls: $21.8mQ2 26 puts: $5.8mQ2 26P/C 0.27
Numbers
QuarterCallsPutsP/C
Q3 2025$7.7m$3.3m0.43
Q4 2025$12.1m$6.1m0.50
Q1 2026$18.8m$4.7m0.25
Q2 2026$21.8m$5.8m0.27

Biggest buyers

TRUIST FINANCIAL CORP Added +1,917,429+1.9m
MATHER GROUP, LLC. Added +1,537,368+1.5m
Forum Financial Management, LP Added +745,593+745.6k
HAMILTON CAPITAL PARTNERS, LLC Added +516,455+516.5k
BENJAMIN EDWARDS INC Added +329,898+329.9k
STIFEL FINANCIAL CORP Added +279,278+279.3k
Banco Santander, S.A. New +263,210+263.2k
Dynasty Wealth Management, LLC Added +215,080+215.1k
Cambridge Investment Research Advisors, Inc. Added +190,710+190.7k
COMMONWEALTH EQUITY SERVICES, LLC Added +183,939+183.9k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -3,288,038-3.3m
LPL Financial LLC Reduced -1,497,772-1.5m
BANK OF AMERICA CORP /DE/ Reduced -1,026,927-1.0m
Envestnet Portfolio Solutions, Inc. Reduced -720,075-720.1k
JPMORGAN CHASE & CO Reduced -603,074-603.1k
Cetera Investment Advisers Reduced -444,153-444.2k
PARK AVENUE SECURITIES LLC Reduced -351,331-351.3k
RS CRUM INC. Sold out -290,136-290.1k
Janney Montgomery Scott LLC Reduced -271,697-271.7k
FIRST CITIZENS BANK & TRUST CO Reduced -269,902-269.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $12.8m127.2k shares
JANE STREET GROUP, LLC Added $8.2m81.9k shares
CITADEL ADVISORS LLC Reduced $772.7k7.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.1m30.4k shares
CITADEL ADVISORS LLC Added $2.7m27.2k 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.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 0.47% of their portfolio Berwyn, PA 19,652,83219.7m $2.0bn $2.0bn 0.47% Reduced -3.3m -3,288,038
2 Forum Financial Management, LP 12.48% of their portfolio LOMBARD, IL 9,680,9679.7m $971.5m $971.5m 12.48% Added +745.6k +745,593
3 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 7,056,6287.1m $708.1m $708.1m 0.05% Reduced -1.0m -1,026,927
4 LPL Financial LLC 0.15% of their portfolio FORT MILL, SC 6,711,2486.7m $673.5m $673.5m 0.15% Reduced -1.5m -1,497,772
5 BlackRock, Inc. 0.01% of their portfolio New York, NY 4,710,3064.7m $472.7m $472.7m 0.01% Added +104.1k +104,085
6 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 3,540,6433.5m $355.3m $355.3m 0.02% Reduced -231.1k -231,051
7 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 3,490,0753.5m $353.6m $353.6m 0.02% Reduced -603.1k -603,074
8 TRUIST FINANCIAL CORP 0.36% of their portfolio CHARLOTTE, NC 3,002,6133.0m $301.3m $301.3m 0.36% Added +1.9m +1,917,429
9 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 2,455,0712.5m $246.0m $246.0m 0.05% Added +61.0k +61,014
10 ASSETMARK, INC 0.42% of their portfolio CONCORD, CA 2,446,9042.4m $245.5m $245.5m 0.42% Added +176.3k +176,296
11 Envestnet Portfolio Solutions, Inc. 1.10% of their portfolio BERWYN, PA 2,288,3532.3m $229.6m $229.6m 1.10% Reduced -720.1k -720,075
12 Dynasty Wealth Management, LLC 1.53% of their portfolio ST. PETERSBURG, FL 2,050,0712.1m $205.7m $205.7m 1.53% Added +215.1k +215,080
13 STIFEL FINANCIAL CORP 0.15% of their portfolio ST. LOUIS, MO 1,746,5711.7m $175.3m $175.3m 0.15% Added +279.3k +279,278
14 Cetera Investment Advisers 0.15% of their portfolio SCHAUMBURG, IL 1,662,0991.7m $166.8m $166.8m 0.15% Reduced -444.2k -444,153
15 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,660,7291.7m $166.7m $166.7m 0.03% Reduced -63.5k -63,529
16 MATHER GROUP, LLC. 1.35% of their portfolio CHICAGO, IL 1,537,7771.5m $154.3m $154.3m 1.35% Added +1.5m +1,537,368
17 PARK AVENUE SECURITIES LLC 0.86% of their portfolio NEW YORK, NY 1,367,0821.4m $137.2m $137.2m 0.86% Reduced -351.3k -351,331
18 RiverFront Investment Group, LLC 1.76% of their portfolio RICHMOND, VA 1,324,9321.3m $133.0m $133.0m 1.76% Added +3.5k +3,539
19 Janney Montgomery Scott LLC 0.24% of their portfolio PHILADELPHIA, PA 1,220,0501.2m $122.4m $122.4m 0.24% Reduced -271.7k -271,697
20 MML INVESTORS SERVICES, LLC 0.24% of their portfolio SPRINGFIELD, MA 1,192,6201.2m $119.7m $119.7m 0.24% Reduced -171.7k -171,707
21 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,110,5831.1m $111.4m $111.4m 0.02% Reduced -186.2k -186,211
22 NewEdge Advisors, LLC 0.28% of their portfolio NEW ORLEANS, LA 931,209931.2k $93.4m $93.4m 0.28% Added +7.0k +6,998
23 Destination Wealth Management 2.09% of their portfolio Walnut Creek, CA 891,126891.1k $89.4m $89.4m 2.09% Added +28.3k +28,305
24 HAMILTON CAPITAL PARTNERS, LLC 24.98% of their portfolio ATLANTA, GA 857,106857.1k $86.0m $86.0m 24.98% Added +516.5k +516,455
25 BENJAMIN EDWARDS INC 0.77% of their portfolio Clayton, MO 836,231836.2k $83.9m $83.9m 0.77% Added +329.9k +329,898
26 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 809,038809.0k $81.2m $81.2m 0.02% Reduced -94.2k -94,154
27 Quotient Wealth Partners, LLC 1.69% of their portfolio DALLAS, TX 713,106713.1k $71.6m $71.6m 1.69% Added +45.5k +45,487
28 FIRST CITIZENS BANK & TRUST CO 1.01% of their portfolio RALEIGH, NC 672,411672.4k $67.5m $67.5m 1.01% Reduced -269.9k -269,902
29 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 661,234661.2k $66.4m $66.4m 0.01% Reduced -106.0k -106,021
30 OpenArc Corporate Advisory, LLC 0.73% of their portfolio ATLANTA, GA 608,861608.9k $61.1m $61.1m 0.73% Added +130.5k +130,503
31 Sanctuary Advisors, LLC 0.28% of their portfolio INDIANAPOLIS, IN 600,513600.5k $60.3m $60.3m 0.28% Reduced -81.2k -81,177
32 SAGESPRING WEALTH PARTNERS, LLC 0.87% of their portfolio FRANKLIN, TN 561,888561.9k $56.4m $56.4m 0.87% Added +39.1k +39,115
33 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 518,894518.9k $52.1m $52.1m 0.03% Reduced -2.3k -2,293
34 Cerity Partners OCIO LLC 2.56% of their portfolio New York, NY 504,136504.1k $50.6m $50.6m 2.56% Reduced -51.2k -51,186
35 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 497,357497.4k $49.9m $49.9m 0.06% Added +183.9k +183,939
36 UBS Group AG 0.01% of their portfolio ZURICH, V8 492,146492.1k $49.4m $49.4m 0.01% Reduced -144.4k -144,418
37 Foundations Investment Advisors, LLC 0.50% of their portfolio PHOENIX, AZ 484,379484.4k $48.6m $48.6m 0.50% Added +32.7k +32,687
38 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 469,032469.0k $47.1m $47.1m 0.05% Added +190.7k +190,710
39 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.25% of their portfolio IRVING, TX 456,877456.9k $45.8m $45.8m 0.25% Reduced -117.5k -117,486
40 MAI Capital Management 0.16% of their portfolio INDEPENDENCE, OH 410,403410.4k $41.2m $41.2m 0.16% Added +7.1k +7,138
41 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 393,343393.3k $39.5m $39.5m 0.05% Added +23.8k +23,769
42 JB Capital LLC 1.29% of their portfolio WETHERSFIELD, CT 371,123371.1k $37.2m $37.2m 1.29% Reduced -126.4k -126,409
43 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.53% of their portfolio ST. LOUIS, MO 335,581335.6k $33.7m $33.7m 0.53% Added +129.7k +129,713
44 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.05% of their portfolio PLYMOUTH, MN 298,343298.3k $29.4m $29.4m 0.05% Added +13.1k +13,065
45 Steward Partners Investment Advisory, LLC 0.14% of their portfolio STAMFORD, CT 282,330282.3k $28.3m $28.3m 0.14% Reduced -3.3k -3,258
46 US BANCORP \DE\ 0.03% of their portfolio MINNEAPOLIS, MN 277,047277.0k $27.8m $27.8m 0.03% Reduced -214.4k -214,394
47 Watchman Group, Inc. 6.17% of their portfolio PLANO, TX 275,011275.0k $27.6m $27.6m 6.17% Added +4.0k +3,974
48 Banco Santander, S.A. 0.16% of their portfolio Madrid, U3 263,210263.2k $26.4m $26.4m 0.16% New
49 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 262,174262.2k $26.4m $26.4m 0.04% Reduced -34.6k -34,563
50 CASTLEARK MANAGEMENT LLC 0.70% of their portfolio CHICAGO, IL 258,432258.4k $25.9m $25.9m 0.70% Unchanged
51 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 236,696236.7k $23.8m $23.8m 0.04% Added +59.7k +59,731
52 Pinnacle Financial Partners, Inc. 0.15% of their portfolio ATLANTA, GA 222,202222.2k $22.3m $22.3m 0.15% Added +21.7k +21,706
53 CreativeOne Wealth, LLC 0.48% of their portfolio OVERLAND PARK, KS 220,524220.5k $22.1m $22.1m 0.48% Added +21.7k +21,730
54 Modern Wealth Management, LLC 0.26% of their portfolio KANSAS CITY, MO 215,420215.4k $21.6m $21.6m 0.26% Reduced -14.4k -14,405
55 Savvy Advisors, Inc. 0.45% of their portfolio NEW YORK, NY 207,915207.9k $20.9m $20.9m 0.45% Added +5.3k +5,345
56 Vise Technologies, Inc. 0.21% of their portfolio NEW YORK, NY 186,292186.3k $18.7m $18.7m 0.21% Added +94.5k +94,494
57 Summit Asset Management, LLC 2.28% of their portfolio MEMPHIS, TN 177,429177.4k $17.8m $17.8m 2.28% Added +3.7k +3,716
58 Arrow Financial Corp 1.58% of their portfolio Glens Falls, NY 176,255176.3k $17.7m $17.7m 1.58% Added +86.0k +85,991
59 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 174,605174.6k $17.7m $17.7m 0.01% Added +9.4k +9,354
60 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 173,929173.9k $17.5m $17.5m 0.02% Reduced -1.6k -1,641
61 MGO ONE SEVEN LLC 0.29% of their portfolio Beachwood, OH 173,493173.5k $17.4m $17.4m 0.29% Added +3.0k +2,961
62 &PARTNERS 0.07% of their portfolio NASHVILLE, TN 170,479170.5k $17.1m $17.1m 0.07% Added +46.9k +46,915
63 Goelzer Investment Management, Inc. 0.74% of their portfolio CARMEL, IN 169,041169.0k $17.0m $17.0m 0.74% Reduced -6.7k -6,686
64 McKinley Carter Wealth Services, Inc. 0.86% of their portfolio WHEELING, WV 166,474166.5k $16.7m $16.7m 0.86% Added +35.1k +35,053
65 Icon Wealth Advisors, LLC 0.96% of their portfolio HOUSTON, TX 159,156159.2k $16.0m $16.0m 0.96% Reduced -43.7k -43,708
66 Atria Investments, Inc 0.16% of their portfolio Charlotte, NC 158,818158.8k $15.9m $15.9m 0.16% Reduced -27.3k -27,276
67 IHT Wealth Management, LLC 0.34% of their portfolio Chicago, IL 157,196157.2k $15.8m $15.8m 0.34% Reduced -61.6k -61,645
68 Affinity Capital Advisors, LLC 1.93% of their portfolio BERKELEY, CA 156,580156.6k $15.6m $15.6m 1.93% Reduced -4.4k -4,446
69 Cascade Financial Partners, LLC 1.34% of their portfolio SAN DIEGO, CA 154,327154.3k $15.5m $15.5m 1.34% Added +28.3k +28,282
70 Stone House Investment Management, LLC 2.00% of their portfolio TUNKHANNOCK, PA 149,866149.9k $15.0m $15.0m 2.00% Reduced -31.7k -31,656
71 NorthCoast Asset Management LLC 0.32% of their portfolio STAMFORD, CT 145,376145.4k $14.6m $14.6m 0.32% Added +26.7k +26,714
72 ABLE Financial Group, LLC 2.45% of their portfolio SCOTTSDALE, AZ 145,297145.3k $14.6m $14.6m 2.45% Added +76.8k +76,831
73 Keel Point, LLC 0.86% of their portfolio HUNTSVILLE, AL 144,496144.5k $14.5m $14.5m 0.86% Added +2.1k +2,069
74 SteelPeak Wealth, LLC 0.36% of their portfolio WOODLAND HILLS, CA 137,143137.1k $13.8m $13.8m 0.36% Reduced -23.6k -23,576
75 Kelly Financial Services LLC 2.83% of their portfolio BRAINTREE, MA 131,731131.7k $13.2m $13.2m 2.83% Added +9.3k +9,275
76 ARVEST INVESTMENTS, INC. 1.55% of their portfolio LOWELL, AR 127,888127.9k $12.8m $12.8m 1.55% Added +8.4k +8,389
77 Trek Financial, LLC 0.63% of their portfolio Scottsdale, AZ 126,225126.2k $12.7m $12.7m 0.63% Reduced -15.3k -15,300
78 STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.01% of their portfolio BLOOMINGTON, IL 124,705124.7k $12.5m $12.5m 0.01% Added +41.2k +41,209
79 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.61% of their portfolio Westlake, OH 123,653123.7k $12.4m $12.4m 0.61% Added +9.4k +9,412
80 Net Worth Advisory Group 3.11% of their portfolio SANDY, UT 122,891122.9k $12.3m $12.3m 3.11% Added +34.2k +34,234
81 Equitable Holdings, Inc. 0.07% of their portfolio NEW YORK, NY 121,351121.4k $12.2m $12.2m 0.07% Reduced -3.6k -3,640
82 INTEGRITY ALLIANCE, LLC. 0.35% of their portfolio Urbandale, IA 111,572111.6k $11.2m $11.2m 0.35% Reduced -30.8k -30,779
83 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 104,929104.9k $10.5m $10.5m 0.00% Added +72.4k +72,436
84 Orion Porfolio Solutions, LLC 0.08% of their portfolio OMAHA, NE 103,910103.9k $10.4m $10.4m 0.08% Reduced -23.6k -23,550
85 Avantax Planning Partners, Inc. 0.25% of their portfolio DUBUQUE, IA 100,328100.3k $10.1m $10.1m 0.25% Reduced -4.9k -4,938
86 Sharkey, Howes & Javer 1.21% of their portfolio DENVER, CO 100,084100.1k $10.0m $10.0m 1.21% Reduced -41.0k -41,044
87 Concurrent Investment Advisors, LLC 0.08% of their portfolio Tampa, FL 95,60395.6k $9.6m $9.6m 0.08% Reduced -11.4k -11,364
88 FLOW TRADERS U.S. LLC 0.39% of their portfolio NEW YORK, NY 94,83994.8k $9.5m $9.5m 0.39% Added +33.6k +33,594
89 Harvest Portfolios Group Inc. 0.13% of their portfolio Oakville, A6 92,04992.0k $9.2m $9.2m 0.13% Reduced -20.0k -20,039
90 LIBERTY WEALTH MANAGEMENT LLC 1.11% of their portfolio OAKLAND, CA 87,81587.8k $8.8m $8.8m 1.11% Unchanged
91 Evergreen Private Wealth LLC 3.13% of their portfolio GREENWOOD VILLAGE, CO 84,24584.2k $8.5m $8.5m 3.13% Reduced -499 -499
92 BEACON FINANCIAL GROUP 0.75% of their portfolio DALLAS, TX 82,78482.8k $8.3m $8.3m 0.75% Added +6.4k +6,364
93 Farther Finance Advisors, LLC 0.06% of their portfolio SAN FRANCISCO, CA 82,57982.6k $8.3m $8.3m 0.06% Reduced -11.9k -11,947
94 IFP Advisors, Inc 0.15% of their portfolio TAMPA, FL 80,43580.4k $8.1m $8.1m 0.15% Reduced -4.1k -4,112
95 PAX Financial Group, LLC 1.16% of their portfolio SAN ANTONIO, TX 77,51577.5k $7.8m $7.8m 1.16% Reduced -12.2k -12,248
96 Strategic Blueprint, LLC 0.38% of their portfolio ATLANTA, GA 76,68276.7k $7.7m $7.7m 0.38% Reduced -7.0k -6,966
97 Royal Fund Management, LLC 0.64% of their portfolio Lady Lake, FL 76,60876.6k $7.7m $7.7m 0.64% Added +1.1k +1,110
98 Global Retirement Partners, LLC 0.12% of their portfolio San Rafael, CA 75,31875.3k $7.6m $7.6m 0.12% First filing
99 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 74,29374.3k $7.5m $7.5m 0.00% Added +6.2k +6,221
100 Elevated Financial Group LLC 2.07% of their portfolio INDIANAPOLIS, IN 73,01873.0k $7.3m $7.3m 2.07% Added +8.1k +8,116