Innovator Equity Defined Protection ETF - 2 Yr to April 2028
AAPR
50 hedge funds and large institutions have $31.1M invested in Innovator Equity Defined Protection ETF - 2 Yr to April 2028 in 2025 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 15 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
4% more funds holding
Funds holding: 48 → 50 (+2)
2.23% more ownership
Funds ownership: 52.42% → 54.66% (+2.2%)
11% less capital inflows, than outflows
Capital inflows: $1.8M | Capital outflows: $2.02M
40% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$358K |
| 2 |
Old Mission Capital
Chicago,
Illinois
|
+$351K |
| 3 |
Triumph Capital Management
Denver,
Colorado
|
+$174K |
| 4 |
LPL Financial
San Diego,
California
|
+$148K |
| 5 |
JP Morgan Chase
New York
|
+$134K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bullseye Investment Management
Cincinnati,
Ohio
|
-$721K |
| 2 |
O'Connor Financial Group
Quincy,
Illinois
|
-$340K |
| 3 |
Farther Finance Advisors
San Francisco,
California
|
-$294K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$163K |
| 5 |
Visionary Wealth Advisors
O'fallon,
Illinois
|
-$84.3K |
AAPR Hedge Fund Activity: Q4 2025 in Review
50 of the 8,294 institutional investors tracked by Wall St. Rank reported a position in Innovator Equity Defined Protection ETF - 2 Yr to April 2028 (AAPR) for Q4 2025, worth a combined $31.1M — up 1.2% from $30.7M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new AAPR positions and 2 closed out — a net gain of 2 holders — while 9 added to existing stakes and 15 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $358K. The largest seller was Bullseye Investment Management, cutting an estimated $721K.
- 50 institutional investors held Innovator Equity Defined Protection ETF - 2 Yr to April 2028 (AAPR) as of Q4 2025, up from 48 in Q3 2025.
- Funds reported $31.1M of Innovator Equity Defined Protection ETF - 2 Yr to April 2028 stock for Q4 2025, up 1.2% quarter-over-quarter.
- 4 funds opened new Innovator Equity Defined Protection ETF - 2 Yr to April 2028 positions in Q4 2025 and 2 closed out, a net change of +2 holders.
- The largest Innovator Equity Defined Protection ETF - 2 Yr to April 2028 buyer in Q4 2025 was Susquehanna International Group, an estimated $358K added.
- The largest Innovator Equity Defined Protection ETF - 2 Yr to April 2028 seller in Q4 2025 was Bullseye Investment Management, an estimated $721K sold.
Based on aggregated 13F filings for Q4 2025.