iShares iBonds Dec 2025 Term Treasury

IBTF • NASDAQ

iShares iBonds Dec 2025 Term Treasury is an exchange-traded fund on NASDAQ. As of Q3 2025, 299 institutional investors hold shares in this ETF, with total holdings valued at $1.4B. HM PAYSON & CO is the largest holder with a position valued at $120.2M.

Overview

Overview of institutional ownership in IBTF as of Q3 2025

All Institutions

Institutions: 299
Value Held: $1.4B
Shares Held: 58.2M
Avg Position: $4.6M
Median Position: $797.7K

Hedge Funds

Hedge Funds: 4
Value Held: $4.0M
Shares Held: 169.5K
Avg Position: $989.9K
Median Position: $941.5K

Biggest Investors

Institutions with the largest positions in IBTF as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
HM PAYSON & CO RIA/Wealth	Peter Eliot Robbins CEO	$120.2M 1.73% of portfolio	5.1M shares	Q4 2023 Held for 1y 11m	$7.0B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$85.0M 0.01% of portfolio	3.6M shares	Q2 2022 Held for 3y 5m	$1.65T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$84.3M 0.01% of portfolio	3.6M shares	Q4 2020 Held for 4y 11m	$1.33T
L LPL Financial LLC Institution	-	$69.7M 0.02% of portfolio	3.0M shares	Q2 2022 Held for 3y 5m	$340.07B
Capital Investment Advisors, LLC RIA/Wealth	Connor Douglas Miller CIO	$55.6M 0.92% of portfolio	2.4M shares	Q2 2022 Held for 3y 5m	$6.1B
Connecticut Wealth Management, LLC RIA/Wealth	Kevin Christopher Leahy President	$30.8M 1.37% of portfolio	1.3M shares	Q3 2023 Held for 2y 2m	$2.3B
UBS Group AG Institution	Sergio P. Ermotti CEO	$29.3M 0.01% of portfolio	1.3M shares	Q2 2021 Held for 4y 5m	$511.54B
Belpointe Asset Management LLC RIA/Wealth	Gregory Hasbrouck Skidmore CEO	$28.6M 1.10% of portfolio	1.2M shares	Q2 2024 Held for 1y 5m	$2.6B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$27.0M 0.01% of portfolio	1.2M shares	Q1 2022 Held for 3y 8m	$488.50B
Integrated Wealth Concepts LLC RIA/Wealth	Paul Anton Saganey Founder	$26.1M 0.24% of portfolio	1.1M shares	Q4 2022 Held for 2y 11m	$11.1B

Net Capital Flow

Institutional buying and selling activity for IBTF in Q3 2025

Traded: −$67.6M
Buyers: 133
Sellers: 143
Total Bought: +$133.1M
Total Sold: −$200.7M
Avg Position: $4.2M

Biggest Buyers

Institution	Net Bought	Current Position
Belpointe Asset Management LLC RIA/Wealth	+$23.5M +1.0M shares	$28.6M 1.2M shares
HM PAYSON & CO RIA/Wealth	+$14.6M +624.1K shares	$120.2M 5.1M shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	+$13.4M +574.4K shares	$13.8M 589.8K shares
L LPL Financial LLC Institution	+$10.0M +428.0K shares	$69.7M 3.0M shares
UNITED CAPITAL FINANCIAL ADVISERS, LLC RIA/Wealth	+$8.2M +349.9K shares	$23.4M 1.0M shares
PSI Advisors, LLC RIA/Wealth	+$6.1M +261.3K shares	$6.1M 261.3K shares
O OneAscent Financial Services LLC RIA/Wealth	+$4.8M +205.4K shares	$16.0M 685.6K shares
Krilogy Financial LLC RIA/Wealth	+$3.9M +165.4K shares	$20.1M 864.6K shares
J JANE STREET GROUP, LLC Institution	+$3.8M +161.9K shares	$4.7M 200.0K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$3.7M +159.1K shares	$19.1M 818.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
H Hills Bank & Trust Co Institution	−$27.2M −1.2M shares	$23.7M 1.0M shares
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC RIA/Wealth	−$24.8M −1.1M shares	Sold Off 0 shares
UBS Group AG Institution	−$15.3M −652.7K shares	$29.3M 1.3M shares
Goss Wealth Management LLC RIA/Wealth	−$14.9M −636.6K shares	$16.0M 683.2K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$10.4M −445.5K shares	$19.4M 829.4K shares
BANK OF AMERICA CORP /DE/ Institution	−$10.2M −435.5K shares	$84.3M 3.6M shares
GOLDMAN SACHS GROUP INC Institution	−$8.6M −369.0K shares	$2.0M 85.6K shares
S STIFEL FINANCIAL CORP Long Only Manager	−$6.9M −296.7K shares	$8.8M 376.0K shares
PARK AVENUE SECURITIES LLC RIA/Wealth	−$6.4M −273.1K shares	$1.0M 44.0K shares
Regal Investment Advisors, LLC RIA/Wealth	−$5.4M −229.7K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited IBTF in Q3 2025

New Positions: 14
New Value: $6.1M
Exited Positions: 22
Exited Value: $39.7M

New Positions

Institution	Position Value
Wealth Watch Advisors, INC RIA/Wealth	$3.1M 132.6K shares
Csenge Advisory Group RIA/Wealth	$1.0M 43.2K shares
Foundations Investment Advisors, LLC RIA/Wealth	$365.4K 15.6K shares
INTL FCSTONE INC. Institution	$329.6K 14.1K shares
WORLD EQUITY GROUP, INC. RIA/Wealth	$250.6K 10.7K shares
Guidance Point Advisors, LLC RIA/Wealth	$209.5K 9.0K shares
We Are One Seven, LLC RIA/Wealth	$207.1K 8.9K shares
BURLING WEALTH PARTNERS, LLC RIA/Wealth	$205.1K 8.8K shares
Accurate Wealth Management, LLC RIA/Wealth	$201.1K 8.6K shares
C CNB Bank Institution	$141.9K 6.1K shares

Exited Positions

Institution	Previous Position
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC RIA/Wealth	$24.8M 1.1M shares
Regal Investment Advisors, LLC RIA/Wealth	$5.4M 229.7K shares
Atlantic Private Wealth, LLC RIA/Wealth	$3.7M 157.0K shares
C CLS Investments, LLC Institution	$1.9M 80.0K shares
B Black Swift Group, LLC RIA/Wealth	$788.4K 33.8K shares
Focused Wealth Management, Inc RIA/Wealth	$785.0K 33.6K shares
Sovereign Financial Group, Inc. RIA/Wealth	$651.4K 27.9K shares
Carmel Capital Partners, LLC Hedge Fund•Value	$327.0K 14.0K shares
SoundView Advisors Inc. RIA/Wealth	$241.1K 10.3K shares
REGIONS FINANCIAL CORP Institution	$239.2K 10.2K shares

Options Activity

Institutions with the largest Call and Put options positions in IBTF as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with IBTF as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Delta Wealth Advisors LLC RIA/Wealth	Dino N Efthimiou Managing Partner	13.27% $17.0M	726.0K shares	Q1 2024 Held for 1y 8m	$127.8M
Horizon Advisory Services, Inc. RIA/Wealth	Michael R. Congdon CEO	12.74% $19.0M	812.3K shares	Q4 2024 Held for 11 months	$149.0M
Vista Private Wealth Partners. LLC RIA/Wealth	Darin Michael Snow Managing Partner	6.37% $20.4M	875.3K shares	Q2 2024 Held for 1y 5m	$320.7M
Wealth Management Strategies, Inc. RIA/Wealth	Herman Laibe Kahn President	6.18% $12.5M	534.1K shares	Q3 2025 Held for 2 months	$201.9M
MKT Advisors LLC RIA/Wealth	Taylor Carl Jobe Managing Partner	4.64% $12.4M	533.6K shares	Q2 2023 Held for 2y 5m	$267.9M
MOSELEY INVESTMENT MANAGEMENT INC RIA/Wealth	Ryan Thomas Moseley President	4.32% $14.2M	607.7K shares	Q3 2023 Held for 2y 2m	$328.6M
S Scissortail Wealth Management, LLC RIA/Wealth	Richard L. Howard Founder	2.69% $12.3M	526.9K shares	Q1 2023 Held for 2y 8m	$458.4M
Keeler THomas Management LLC RIA/Wealth	Cary Wasden Managing Partner	2.18% $5.0M	214.6K shares	Q4 2022 Held for 2y 11m	$229.9M
Trinity Wealth Management, LLC RIA/Wealth	John Charles Mann President	2.13% $5.7M	242.1K shares	Q2 2023 Held for 2y 5m	$266.1M
Kerntke Otto McGlone Wealth Management Group RIA/Wealth	Scott Richard Brown Managing Partner	2.10% $2.8M	118.9K shares	Q3 2022 Held for 3y 2m	$132.3M

Hedge Fund Spotlight

Discover hedge funds investing in IBTF

Fortis Capital Management LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerMichael Robert Boroughs

Portfolio Value: $710.3M
Positions: 176
Last Reported: Q3 2025

Sector Allocation

Position in iShares iBonds Dec 2025 Term Treasury

Market Value: $267.3K
Shares Held: 11.4K
Portfolio Weight: 0.04%
Owned Since: 2022-Q4

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$161.5M	22.74%
2 SCHX Schwab U.S. Large-Cap ETF SCHX	ETF ETF	$33.3M	4.69%
3 Nvidia NVDA	Semiconductors Technology	$25.5M	3.59%

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