TLT β€” ISHARES TR 20+ YR TRS BD COM

Ownership history in Rafferty Asset Management, LLC  Β·  70 quarters on record

This page tracks every 13F SEC filing in which Rafferty Asset Management, LLC reported a position in ISHARES TR 20+ YR TRS BD COM (TLT). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
16.26% (2025 Q1)
πŸ“Š Avg. % of fund
2.88%
πŸ“… First filed
2007 Q2
πŸ“… Last filed
2025 Q4
⏱ Quarters held
70

Position Intelligence

Rafferty Asset Management, LLC Γ— TLT AI Analytics

πŸ“‰ Rafferty Asset Management, LLC underperformed the S&P 500 by –23.0% annually on this TLT position. Timing score: 50% (34/68 decisions correct). Average cost basis: $91.32. Maximum drawdown during holding period: –42.3%.

πŸ“ˆ Position Alpha vs SPY
-23.0%
annualised excess return

❌ Significantly underperformed the S&P 500 by 23.0% ann.
11 quarters analyzed

⏱️ Timing Score
50%

➑️ Neutral timing β€” roughly coin-flip accuracy on add/trim calls.
34 of 68 add/trim decisions correct

πŸ’° Entry Quality
$91.32
-5.2% vs current ($86.54)

Best entry: $54.46 (2008 Q2)  Β·  Worst: $138.13 (2020 Q2)

πŸ›‘οΈ Drawdown Resilience
–42.3%
max drawdown while held

πŸ’ͺ Held through 2 major drawdowns (>20%).

πŸ’ͺ Fund Conviction
57%
buy-side decisions

40 adds Β· 30 trims. Bought during 14 of 33 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
↓ Shrinking
last 4–5 quarters trend

πŸ“‰ Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 9.15% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    TLT price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 REDUCED 30,401,006 -6,121,991 -16.8% 9.15% $2.65B $86.54
2025 Q3 REDUCED 36,522,997 -3,110,842 -7.8% 10.59% $3.26B $87.45
2025 Q2 REDUCED 39,633,839 -2,248,202 -5.4% 11.54% $3.50B $85.39
2025 Q1 ADDED 41,882,041 +47,739 +0.1% 16.26% $3.81B $87.11
2024 Q4 REDUCED 41,834,302 -5,373,843 -11.4% 12.93% $3.65B $83.01
2024 Q3 ADDED 47,208,145 +7,273,445 +18.2% 15.87% $4.63B $91.96
2024 Q2 ADDED 39,934,700 +4,198,669 +11.7% 13.61% $3.67B $85.20
2024 Q1 REDUCED 35,736,031 -830,831 -2.3% 12.61% $3.38B $86.95
2023 Q4 ADDED 36,566,862 +20,946,006 +134.1% 15.25% $3.62B $90.29
2023 Q3 ADDED 15,620,856 +2,352,314 +17.7% 8.14% $1.39B $79.94
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