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Innovator Equity Defined Protection ETF - 2 Yr to April 2028
AAPR

48 hedge funds and large institutions have $30.7M invested in Innovator Equity Defined Protection ETF - 2 Yr to April 2028 in 2025 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 18 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

6% more capital invested

Capital invested by funds: $28.9M → $30.7M (+$1.75M)

4% more funds holding

Funds holding: 46 → 48 (+2)

3% more ownership

Funds ownership: 49.43% → 52.42% (+3%)

72% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 18

Holders
48
Holders Change
+2
Holders Change %
+4.35%
% of All Funds
0.63%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
5
Reduced
18
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
MFF
Michels Family Financial
Texas
+$1.01M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$925K
3
JP Morgan Chase
JP Morgan Chase
New York
+$578K
4
AWM
Axxcess Wealth Management
California
+$520K
5
QCM
Quantinno Capital Management
New York
+$520K

Top Sellers

1
AA
Armis Advisers
Georgia
-$952K
2
CFCI
Comprehensive Financial Consultants Institutional
Indiana
-$555K
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$393K
4
OMC
Old Mission Capital
Illinois
-$268K
5
HighTower Advisors
HighTower Advisors
Illinois
-$205K
Name Holding Trade Value Shares
Change 		Change in
Stake
KAS
1
Kestra Advisory Services
Texas
$3.58M -$72.9K -2,643 -2%
Commonwealth Equity Services
2
Commonwealth Equity Services
Massachusetts
$3.57M -$66.4K -2,405 -2%
CF
3
Centaurus Financial
California
$2.36M -$67.9K -2,459 -3%
Susquehanna International Group
4
Susquehanna International Group
Pennsylvania
$1.83M +$925K +33,523 +105%
LPL Financial
5
LPL Financial
California
$1.21M +$187K +6,781 +19%
Raymond James Financial
6
Raymond James Financial
Florida
$1.19M -$97.7K -3,542 -8%
MFF
7
Michels Family Financial
Texas
$1.02M +$1.01M +36,655 New
CWG
8
Crown Wealth Group
North Carolina
$939K -$21.6K -782 -2%
BIM
9
Bullseye Investment Management
Ohio
$939K – – –
TF
10
Trek Financial
Arizona
$856K -$40.1K -1,452 -5%
MFG
11
MTM Financial Group
Pennsylvania
$799K -$15.6K -566 -2%
FFA
12
Farther Finance Advisors
California
$735K – – –
WIA
13
World Investment Advisors
California
$668K – – –
Wealth Enhancement Advisory Services
14
Wealth Enhancement Advisory Services
Minnesota
$644K – – –
BCM
15
Brookstone Capital Management
Illinois
$639K -$3.28K -119 -0.5%
Cetera Investment Advisers
16
Cetera Investment Advisers
Illinois
$638K +$60.9K +2,207 +11%
JP Morgan Chase
17
JP Morgan Chase
New York
$585K +$578K +20,953 New
KWM
18
KFG Wealth Management
Indiana
$540K – – –
CF
19
Crosspoint Financial
California
$527K – – –
AWM
20
Axxcess Wealth Management
California
$526K +$520K +18,846 New
QCM
21
Quantinno Capital Management
New York
$526K +$520K +18,846 New
LWA
22
Lineweaver Wealth Advisors
Ohio
$516K -$26.2K -950 -5%
SWM
23
Spire Wealth Management
Virginia
$486K – – –
Osaic Holdings
24
Osaic Holdings
Arizona
$479K -$18.5K -670 -4%
FIA
25
Foundations Investment Advisors
Arizona
$476K -$193 -7 -0%
1
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AAPR Hedge Fund Activity: Q3 2025 in Review

48 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Innovator Equity Defined Protection ETF - 2 Yr to April 2028 (AAPR) for Q3 2025, worth a combined $30.7M — up 6.1% from $28.9M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new AAPR positions and 3 closed out — a net gain of 3 holders — while 5 added to existing stakes and 18 trimmed.

The largest buyer was Michels Family Financial, opening a new position worth an estimated $1.01M. The largest seller was Armis Advisers, exiting entirely with an estimated $952K sold.

  • 48 institutional investors held Innovator Equity Defined Protection ETF - 2 Yr to April 2028 (AAPR) as of Q3 2025, up from 46 in Q2 2025.
  • Funds reported $30.7M of Innovator Equity Defined Protection ETF - 2 Yr to April 2028 stock for Q3 2025, up 6.1% quarter-over-quarter.
  • 6 funds opened new Innovator Equity Defined Protection ETF - 2 Yr to April 2028 positions in Q3 2025 and 3 closed out, a net change of +3 holders.
  • The largest Innovator Equity Defined Protection ETF - 2 Yr to April 2028 buyer in Q3 2025 was Michels Family Financial, an estimated $1.01M added.
  • The largest Innovator Equity Defined Protection ETF - 2 Yr to April 2028 seller in Q3 2025 was Armis Advisers, an estimated $952K sold.

Based on aggregated 13F filings for Q3 2025.