Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Ishares Tr (TLT)

1K + Investors. Track Smart Money conviction in TLT. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -24
Streak
2Q ▼
Buyers last Q
48%

Smart Money Signals — TLT

Based on 1101 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their TLT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 92% of 3.0Y peak

92% of all-time peak
1,101 funds currently hold this stock — 92% of the 3.0-year high of 1,197 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding TLT is almost the same as a year ago (-30 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 48% buying

592 buying636 selling
Last quarter: 636 funds reduced or exited vs 592 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+36 vs last Q)

new funds entering per quarter
Funds opening a new TLT position: 151 → 201 → 133 → 169. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 20% medium ■ 17% new
698 out of 1,101 hedge funds have held TLT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~169 new funds/quarter

156 → 151 → 201 → 133 → 169 new funds/Q
New funds entering each quarter: 151 → 201 → 133 → 169. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 68% veterans vs 19% newcomers

■ 68% veterans ■ 13% 1-2yr ■ 19% new
Entry-cohort mix of 1,208 holders: 826 (68%) are 2+ year veterans, 155 entered 1–2 years ago, and 227 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 69% AUM from top-100 funds

69% from top-100 AUM funds
43 of 1055 holders are among the 100 largest funds by AUM, controlling 69% of total institutional value in TLT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — TLT

In 2026 Q2, 592 hedge funds were net buyers of TLT (169 opened a new position, 423 added to an existing one), while 636 reduced or exited (443 trimmed, 193 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 69% of total institutional value in TLT is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -24 funds (more exits than new entries). Total institutional holders: 1101.

Hedge Fund Ownership: TLT

How many hedge funds hold TLT — quarterly history vs. share price
Quarterly hedge fund ownership of TLT vs. share price

Market Analysis: TLT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TLT

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

23 top-rated funds 36 high-conviction
Consensus
6.0
/ 10
breadth
×
Elite
4.3
/ 10
conviction
Hedge Fund Positioning: TLT
1K + Investors

Track Smart Money conviction in TLT. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 1043 1125 -7.29%
13F Shares 1.04B 756M 37.39%
Total Value $87.26B $63.85B 36.66%
New Positions 160 133 +27
Increased Positions 394 444 -50
Closed Positions 196 182 +14
Reduced Positions 407 416 -9
Total Calls 82 82 -
Total Puts 70 61 14.75%
PUT/CALL Ratio 0.85 0.74 Neutral

Statistics: TLT

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TLT. Verified SEC 13F-HR filings.

QUARTER:
Top 25 TLT holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Brigade Capital Management, LP 48.52% 3,000,000 $259.3M
2 Markin Volterra Fund LP 36.91% 627,200 $54.2M
3 Mirae Asset Global Investments Co., Ltd. 22.53% 176,431,020 $15.25B
4 Massar Capital Management, LP 19.47% 2,317,800 $200.3M
5 Massar Capital Management, LP 19.47% 2,317,800 $200.3M
6 Arrington Capital Management, LLC 18.59% 350,000 $30.2M
7 Sona Asset Management (us) LLC 14.08% 7,761,400 $670.7M
8 Moore Capital Management, LP 12.82% 10,000,000 $864.2M
9 Cadence Wealth Management LLC 11.16% 288,384 $24.9M
10 Ally Financial Inc. 9.73% 873,000 $75.4M
11 Cultivar Capital, INC. 9.06% 162,788 $14.1M
12 Insight 2811, INC. 9.05% 270,842 $23.4M
13 Sjbenen Advisory, LLC 8.76% 179,700 $15.5M
14 Moore Capital Management, LP 8.23% 6,419,600 $554.8M
15 Investment Management Associates Inc /Adv 7.86% 443,200 $38.3M
16 Glenorchy Capital Ltd 7.61% 2,389,000 $206.5M
17 Vision Financial Markets LLC 7.49% 99,900 $8.6M
18 Disciplina Capital Management LLC 7.49% 838,458 $72.5M
19 New Harbor Financial Group, LLC 7.39% 541,075 $46.8M
20 WJ Interests, LLC 6.96% 208,859 $18.0M
21 EMG Holdings, L.P. 6.90% 100,000 $8.6M
22 Landscape Capital Management, L.L.C. 6.63% 1,182,793 $102.2M
23 U S Wealth Group, LLC. 6.49% 110,707 $9.6M
24 Granby Capital Management, LLC 6.22% 138,000 $11.9M
25 Glaxis Capital Management, LLC 6.08% 35,000 $3.0M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Ishares Tr (TLT)

What does the Smart Money Trend signal show for TLT?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their TLT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for TLT?

More sellers than buyers — 48% buying: Last quarter: 636 funds reduced or exited vs 592 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for TLT holders?

Elite ownership — 69% AUM from top-100 funds: 43 of 1055 holders are among the 100 largest funds by AUM, controlling 69% of total institutional value in TLT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held TLT?

63% of holders stayed for 2+ years: 698 out of 1,101 hedge funds have held TLT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →