iShares Trust - iShares 20+ Year Treasury Bond ETF
US ˙ NasdaqGM ˙ US4642874329

SecurityTLT / iShares Trust - iShares 20+ Year Treasury Bond ETF
InstitutionLevel Four Advisory Services, Llc
Latest Disclosed Ownership24,677 shares
Latest Disclosed Value $ 2,139,249
Level Four Advisory Services, Llc reports 5.07% decrease in ownership of TLT / iShares Trust - iShares 20+ Year Treasury Bond ETF

On May 14, 2026 - Level Four Advisory Services, Llc filed a 13F-HR form disclosing ownership of 24,677 shares of iShares Trust - iShares 20+ Year Treasury Bond ETF (US:TLT) valued at $2,139,249 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 25,996 shares of iShares Trust - iShares 20+ Year Treasury Bond ETF. This represents a change in shares of -5.07% during the quarter. The current value of the position is $2,105,195 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F ISHARES TR 20 YR TR BD ETF 464287432 24,677 -1,319 -5.07 2,139 -5.56 0.0702
2026-02-13 2025-12-31 13F ISHARES TR 20 YR TR BD ETF 464287432 25,996 9,814 60.65 2,266 56.64 0.0741
2025-11-12 2025-09-30 13F ISHARES TR 20 YR TR BD ETF 464287432 16,182 1,153 7.67 1,446 9.05 0.0495
2025-08-13 2025-06-30 13F ISHARES TR 20 YR TR BD ETF 464287432 15,029 -14,610 -49.29 1,326 -50.85 0.0489
2025-05-14 2025-03-31 13F ISHARES TR 20 YR TR BD ETF 464287432 29,639 -286 -0.96 2,698 3.25 0.1110
2025-02-12 2024-12-31 13F ISHARES TR 20 YR TR BD ETF 464287432 29,925 24,686 471.20 2,613 439.88 0.1068
2024-11-14 2024-09-30 13F ISHARES TR 20 YR TR BD ETF 464287432 5,239 136 2.67 484 3.42 0.0204
2024-08-09 2024-06-30 13F ISHARES TR 20 YR TR BD ETF 464287432 5,103 -120,372 -95.93 468 -96.23 0.0211
2024-05-13 2024-03-31 13F ISHARES TR 20 YR TR BD ETF 464287432 125,475 3,071 2.51 12,407 2.51 0.6816
2024-02-08 2023-12-31 13F ISHARES TR 20 YR TR BD ETF 464287432 122,404 7,758 6.77 12,103 19.04 0.6790
2023-11-13 2023-09-30 13F ISHARES TR 20 YR TR BD ETF 464287432 114,646 8,508 8.02 10,168 -6.94 0.6555
2023-07-10 2023-06-30 13F ISHARES TR 20 YR TR BD ETF 464287432 106,138 88,457 500.29 10,926 481.12 0.6564
2023-06-05 2023-03-31 13F ISHARES TR 20 YR TR BD ETF 464287432 17,681 17,681 1,881 0.1234
2022-08-08 2022-06-30 13F ISHARES TR 20 YR TR BD ETF 464287432 0 -13,592 -100.00 0 -100.00
2022-05-10 2022-03-31 13F ISHARES TR 20 YR TR BD ETF 464287432 13,592 3,630 36.44 1,795 21.61 0.1406
2022-02-11 2021-12-31 13F ISHARES TR 20 YR TR BD ETF 464287432 9,962 -2,069 -17.20 1,476 -14.98 0.1125
2021-10-12 2021-09-30 13F ISHARES TR 20 YR TR BD ETF 464287432 12,031 -4,170 -25.74 1,736 -25.78 0.1805
2021-08-09 2021-06-30 13F ISHARES TR 20 YR TR BD ETF 464287432 16,201 1,820 12.66 2,339 20.07 0.1617
2021-05-10 2021-03-31 13F ISHARES TR 20 YR TR BD ETF 464287432 14,381 3,794 35.84 1,948 16.65 0.1513
2021-02-10 2020-12-31 13F ISHARES TR 20 YR TR BD ETF 464287432 10,587 1,064 11.17 1,670 7.40 0.1340
2020-11-02 2020-09-30 13F ISHARES TR 20 YR TR BD ETF 464287432 9,523 1,344 16.43 1,555 15.79 0.1198
2020-08-17 2020-06-30 13F/A-1 ISHARES TR 20 YR TR BD ETF 464287432 8,179 -696 -7.84 1,343 -8.08 0.1039
2020-05-13 2020-03-31 13F ISHARES TR 20 YR TR BD ETF 464287432 8,875 3,011 51.35 1,461 82.85 0.1752
2020-02-13 2019-12-31 13F ISHARES TR 20 YR TR BD ETF 464287432 5,864 154 2.70 799 -2.20 0.0316
2019-11-12 2019-09-30 13F ISHARES TR 20 YR TR BD ETF 464287432 5,710 -3,274 -36.44 817 -31.52 0.0845
2019-08-14 2019-06-30 13F ISHARES TR 20 YR TR BD ETF 464287432 8,984 5,021 126.70 1,193 138.12 0.1204
2019-05-15 2019-03-31 13F ISHARES TR 20 YR TR BD ETF 464287432 3,963 245 6.59 501 10.84 0.0552
2019-02-07 2018-12-31 13F ISHARES TR 20 YR TR BD ETF 464287432 3,718 3,718 452 0.0564
2017-09-20 2017-03-31 13F/A-1 ISHARES TR 20 YR TR BD ETF 464287432 0 -1,789 -100.00 0 -100.00
2017-02-14 2016-12-31 13F ISHARES TR 20 YR TR BD ETF 464287432 1,789 1,789 213 0.0272
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.