Who owns iShares 20+ Year Treasury Bond ETF (TLT)
Which tracked institutional funds hold TLT, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TLT company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
228 tracked funds added or opened TLT while 294 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
TLT’s largest tracked holder by dollar value, BANK OF AMERICA CORP /DE/, sizes it at 0.4% of its own reported 13F book, while the median holder sizes it at 0.4% of theirs — a 0.0pp gap the other way — the median holder sizes TLT more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in TLT divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 1004 tracked filers holding TLT, 502 increased or opened the position and 612 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in TLT between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 57
- NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC$252M
- LANDSCAPE CAPITAL MANAGEMENT, L.L.C.$102M
- Quadrature Capital Ltd$55M
- MARSHALL WACE, LLP$33M
- Schonfeld Strategic Advisors LLC$32M
- TWO SIGMA INVESTMENTS, LP$19M
Full exits 113
- HANTZ FINANCIAL SERVICES, INC.$183M
- Janney Montgomery Scott LLC$123M
- Cambridge Investment Research Advisors, Inc.$83M
- HighTower Advisors, LLC$70M
- GenWealth Group, Inc.$50M
- Ocean Park Asset Management, LLC$40M
Largest adds
- JANE STREET GROUP, LLC$557M
- JPMORGAN CHASE & CO$316M
- BARCLAYS PLC$281M
- BlackRock, Inc.$276M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$125M
- MILLENNIUM MANAGEMENT LLC$118M
Largest trims
- BANK OF AMERICA CORP /DE/$1.4B
- Rafferty Asset Management, LLC$507M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$477M
- UBS Group AG$344M
- Brevan Howard Capital Management LP$210M
- GOLDMAN SACHS GROUP INC$134M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ trimmed | 68,394,742 | $5.9B | 20.7% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 38,995,705 | $3.4B | 11.8% | 2026-Q2 |
| BlackRock, Inc. added | 29,706,461 | $2.6B | 9.0% | 2026-Q2 |
| Rafferty Asset Management, LLC trimmed | 17,250,388 | $1.5B | 5.2% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 16,438,341 | $1.4B | 5.0% | 2026-Q2 |
| CITIGROUP INC added | 16,154,438 | $1.4B | 4.9% | 2026-Q2 |
| MORGAN STANLEY added | 12,254,308 | $1.1B | 3.7% | 2026-Q2 |
| UBS Group AG trimmed | 11,187,925 | $967M | 3.4% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 8,095,965 | $700M | 2.5% | 2026-Q2 |
| BARCLAYS PLC added | 7,152,100 | $618M | 2.2% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 7,071,064 | $618M | 2.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 7,029,264 | $607M | 2.1% | 2026-Q2 |
| LPL Financial LLC added | 5,730,964 | $495M | 1.7% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 5,550,822 | $480M | 1.7% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 4,621,340 | $399M | 1.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 3,749,415 | $324M | 1.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 3,153,761 | $273M | 1.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC new | 2,913,600 | $252M | 0.9% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP trimmed | 2,913,300 | $252M | 0.9% | 2026-Q2 |
| Harvest Portfolios Group Inc. trimmed | 2,503,691 | $216M | 0.8% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 2,330,705 | $201M | 0.7% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 2,323,217 | $201M | 0.7% | 2026-Q2 |
| VANTAGEPOINT INVESTMENT ADVISERS LLC | 2,039,385 | $176M | 0.6% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 2,038,801 | $176M | 0.6% | 2026-Q2 |
| SIMPLEX TRADING, LLC added | 1,860,997 | $161M | 0.6% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 1,849,593 | $160M | 0.6% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 1,806,952 | $156M | 0.5% | 2026-Q2 |
| WestEnd Advisors, LLC added | 1,727,307 | $149M | 0.5% | 2026-Q2 |
| Mirae Asset Global Investments Co., Ltd. trimmed | 1,658,046 | $143M | 0.5% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 1,504,923 | $130M | 0.5% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 1,338,006 | $116M | 0.4% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 1,311,965 | $51M | 0.2% | 2026-Q2 |
| Squarepoint Ops LLC added | 1,243,849 | $107M | 0.4% | 2026-Q2 |
| Hamilton Capital Partners Inc. added | 1,202,835 | $104M | 0.4% | 2026-Q2 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. new | 1,182,793 | $102M | 0.4% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 1,130,282 | $98M | 0.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 1,105,298 | $96M | 0.3% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 1,072,991 | $93M | 0.3% | 2026-Q2 |
| TORONTO DOMINION BANK added | 993,581 | $86M | 0.3% | 2026-Q2 |
| US BANCORP \DE\ added | 988,185 | $85M | 0.3% | 2026-Q2 |
| PEAK6 LLC added | 957,831 | $83M | 0.3% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 946,848 | $82M | 0.3% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 916,717 | $79M | 0.3% | 2026-Q2 |
| Karpus Management, Inc. added | 882,953 | $76M | 0.3% | 2026-Q2 |
| Ally Financial Inc. | 873,000 | $75M | 0.3% | 2026-Q2 |
| AIA Group Ltd trimmed | 867,623 | $75M | 0.3% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 864,809 | $75M | 0.3% | 2026-Q2 |
| Disciplina Capital Management LLC added | 838,458 | $72M | 0.3% | 2026-Q2 |
| TD PRIVATE CLIENT WEALTH LLC added | 813,576 | $70M | 0.2% | 2026-Q2 |
| OLD MISSION CAPITAL LLC added | 798,261 | $69M | 0.2% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 787,888 | $68M | 0.2% | 2026-Q2 |
| STATE STREET CORP added | 739,553 | $64M | 0.2% | 2026-Q2 |
| Envestnet Portfolio Solutions, Inc. added | 685,649 | $59M | 0.2% | 2026-Q2 |
| FIRST CITIZENS BANK & TRUST CO added | 675,969 | $58M | 0.2% | 2026-Q2 |
| Cassaday & Co Wealth Management LLC added | 671,779 | $58M | 0.2% | 2026-Q2 |
| Quadrature Capital Ltd trimmed | 636,290 | $55M | 0.2% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 561,799 | $49M | 0.2% | 2026-Q2 |
| MOORE CAPITAL MANAGEMENT, LP added | 555,000 | $48M | 0.2% | 2026-Q2 |
| AlTi Global, Inc. trimmed | 553,585 | $48M | 0.2% | 2026-Q2 |
| New Harbor Financial Group, LLC added | 541,075 | $47M | 0.2% | 2026-Q2 |
| Townsend & Associates, Inc added | 539,586 | $45M | 0.2% | 2026-Q2 |
| IHT Wealth Management, LLC trimmed | 496,288 | $43M | 0.2% | 2026-Q2 |
| Rock Creek Group LLC trimmed | 496,137 | $43M | 0.2% | 2026-Q2 |
| Bell Investment Advisors, Inc added | 469,199 | $41M | 0.1% | 2026-Q2 |
| ALKEON CAPITAL MANAGEMENT LLC trimmed | 463,000 | $40M | 0.1% | 2026-Q2 |
| IFP Advisors, Inc trimmed | 446,710 | $39M | 0.1% | 2026-Q2 |
| Krilogy Financial LLC added | 437,148 | $38M | 0.1% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 409,907 | $35M | 0.1% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 405,680 | $35M | 0.1% | 2026-Q2 |
| WS MANAGEMENT LLLP trimmed | 400,000 | $35M | 0.1% | 2026-Q2 |
| MARSHALL WACE, LLP added | 378,973 | $33M | 0.1% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC added | 372,081 | $32M | 0.1% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 368,902 | $32M | 0.1% | 2026-Q2 |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. added | 352,426 | $30M | 0.1% | 2026-Q2 |
| Marex Group Ltd trimmed | 352,364 | $30M | 0.1% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 343,064 | $30M | 0.1% | 2026-Q2 |
| Third View Private Wealth, LLC added | 342,677 | $30M | 0.1% | 2026-Q2 |
| Willis Johnson & Associates, Inc. added | 334,257 | $29M | 0.1% | 2026-Q2 |
| Vestmark Advisory Solutions, Inc. added | 333,917 | $29M | 0.1% | 2026-Q2 |
| Verition Fund Management LLC added | 330,691 | $29M | 0.1% | 2026-Q2 |
| Brevan Howard Capital Management LP trimmed | 323,830 | $28M | 0.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 317,312 | $27M | 0.1% | 2026-Q2 |
| Insight Wealth Strategies, LLC added | 316,959 | $27M | 0.1% | 2026-Q2 |
| MEEDER ASSET MANAGEMENT INC trimmed | 313,274 | $27M | 0.1% | 2026-Q2 |
| Trilogy Capital Inc. trimmed | 303,944 | $26M | 0.1% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 295,720 | $26M | 0.1% | 2026-Q2 |
| Dakota Wealth Management added | 293,538 | $25M | 0.1% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 293,397 | $25M | 0.1% | 2026-Q2 |
| SUMITOMO MITSUI FINANCIAL GROUP, INC. trimmed | 292,387 | $25M | 0.1% | 2026-Q2 |
| Merit Financial Group, LLC added | 289,543 | $25M | 0.1% | 2026-Q2 |
| Cadence Wealth Management LLC trimmed | 288,384 | $25M | 0.1% | 2026-Q2 |
| Simplicity Wealth,LLC added | 287,153 | $25M | 0.1% | 2026-Q2 |
| SBI Securities Co., Ltd. trimmed | 280,889 | $24M | 0.1% | 2026-Q2 |
| GOULD ASSET MANAGEMENT LLC /CA/ added | 276,417 | $24M | 0.1% | 2026-Q2 |
| INSIGHT 2811, INC. trimmed | 270,842 | $23M | 0.1% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 270,812 | $23M | 0.1% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 270,542 | $23M | 0.1% | 2026-Q2 |
| Fund Evaluation Group, LLC added | 265,309 | $23M | 0.1% | 2026-Q2 |
| DV Trading LLC added | 249,520 | $22M | 0.1% | 2026-Q2 |
| SCOPUS ASSET MANAGEMENT, L.P. | 246,549 | $21M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.