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Innovator US Equity Buffer ETF December
BDEC

99 hedge funds and large institutions have $149M invested in Innovator US Equity Buffer ETF December in 2025 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 36 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

6% more capital invested

Capital invested by funds: $140M → $149M (+$8.69M)

2.68% more ownership

Funds ownership: 67.2% → 69.88% (+2.7%)

2% more funds holding

Funds holding: 97 → 99 (+2)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

39% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 36

Holders
99
Holders Change
+2
Holders Change %
+2.06%
% of All Funds
1.3%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
7
Increased
22
Reduced
36
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Raymond James Financial
Raymond James Financial
Florida
+$2.36M
2
Osaic Holdings
Osaic Holdings
Arizona
+$1.8M
3
BCM
Brookstone Capital Management
Illinois
+$1.55M
4
Citadel Advisors
Citadel Advisors
Florida
+$547K
5
FIA
Foundations Investment Advisors
Arizona
+$422K

Top Sellers

Rank Fund Capital Flow
1
GS
GWN Securities
Florida
-$4.35M
2
CAM
Cresset Asset Management
Illinois
-$1.02M
3
OMC
Old Mission Capital
Illinois
-$986K
4
PCM
Penserra Capital Management
California
-$848K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$636K
Name Holding Trade Value Shares
Change 		Change in
Stake
TFS
26
Thoroughbred Financial Services
Tennessee
$1.08M -$63.8K -1,500 -6%
AWA
27
Arkadios Wealth Advisors
Georgia
$1.03M +$9.61K +226 +1%
SCA
28
Snowden Capital Advisors
New York
$1.01M +$65.5K +1,540 +7%
BPA
29
Beacon Pointe Advisors
California
$995K +$22.7K +533 +2%
Janney Montgomery Scott
30
Janney Montgomery Scott
Pennsylvania
$825K -$109K -2,554 -12%
FCFC
31
First Commonwealth Financial Corp
Pennsylvania
$820K – – –
BA
32
Bellwether Advisors
Nebraska
$807K – – –
PIAS
33
PCA Investment Advisory Services
Ohio
$806K +$8.08K +190 +1%
VFPW
34
Vantage Financial Partners (Wisconsin)
Wisconsin
$805K -$76.4K -1,797 -9%
CW
35
CreativeOne Wealth
Kansas
$765K -$24.2K -569 -3%
DFA
36
DHJJ Financial Advisors
Illinois
$763K – – –
W
37
Wealthquest
Ohio
$751K -$9.95K -234 -1%
BFA
38
Beacon Financial Advisory
Ohio
$706K – – –
MAM
39
Milestone Asset Management
Pennsylvania
$620K -$5.1K -120 -0.9%
TSW
40
Three Seasons Wealth
Utah
$618K – – –
IWM
41
IMG Wealth Management
Florida
$601K -$234K -5,503 -29%
AAP
42
Arax Advisory Partners
Colorado
$587K -$14.9K -351 -3%
Citadel Advisors
43
Citadel Advisors
Florida
$581K +$547K +12,876 New
OWA
44
Outlook Wealth Advisors
Texas
$580K – – –
FI
45
FWG Investments
Kentucky
$573K -$39.2K -922 -7%
SPC
46
Sigma Planning Corp
Michigan
$549K -$13.4K -316 -3%
KWM
47
KFG Wealth Management
Indiana
$529K – – –
LF
48
Lantz Financial
Illinois
$526K -$2.98K -70 -0.6%
VBFP
49
Valtinson Bruner Financial Planning
Minnesota
$482K -$61.2K -1,439 -12%
GS
50
GWN Securities
Florida
$464K -$4.35M -102,373 -91%
1
2
3 4 5

BDEC Hedge Fund Activity: Q2 2025 in Review

99 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Buffer ETF December (BDEC) for Q2 2025, worth a combined $149M — up 6.2% from $140M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new BDEC positions and 4 closed out — a net gain of 3 holders — while 22 added to existing stakes and 36 trimmed.

The largest buyer was Raymond James Financial, adding an estimated $2.36M. The largest seller was GWN Securities, cutting an estimated $4.35M.

  • 99 institutional investors held Innovator US Equity Buffer ETF December (BDEC) as of Q2 2025, up from 97 in Q1 2025.
  • Funds reported $149M of Innovator US Equity Buffer ETF December stock for Q2 2025, up 6.2% quarter-over-quarter.
  • 7 funds opened new Innovator US Equity Buffer ETF December positions in Q2 2025 and 4 closed out, a net change of +3 holders.
  • The largest Innovator US Equity Buffer ETF December buyer in Q2 2025 was Raymond James Financial, an estimated $2.36M added.
  • The largest Innovator US Equity Buffer ETF December seller in Q2 2025 was GWN Securities, an estimated $4.35M sold.

Based on aggregated 13F filings for Q2 2025.