Innovator US Equity Buffer ETF May
BMAY
77 hedge funds and large institutions have $87.5M invested in Innovator US Equity Buffer ETF May in 2025 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 33 reducing their positions, and 11 closing their positions.
3.02% more ownership
Funds ownership: 68.16% → 71.19% (+3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less capital invested
Capital invested by funds: $90.1M → $87.5M (-$2.6M)
7% less funds holding
Funds holding: 83 → 77 (-6)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
76% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$2.64M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.14M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$1.02M |
| 4 |
GS
GWN Securities
Palm Beach Gardens,
Florida
|
+$563K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$440K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.16M |
| 2 |
SB
Strategic Blueprint
Atlanta,
Georgia
|
-$943K |
| 3 |
CFA
Camarda Financial Advisors
Fleming Island,
Florida
|
-$659K |
| 4 |
Goldman Sachs
New York
|
-$604K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$397K |
BMAY Hedge Fund Activity: Q1 2025 in Review
77 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Buffer ETF May (BMAY) for Q1 2025, worth a combined $87.5M — down 2.9% from $90.1M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BMAY and 6 opened new positions — a net loss of 5 holders — while 33 trimmed existing stakes and 8 added.
The largest buyer was Penserra Capital Management, adding an estimated $2.64M. The largest seller was Osaic Holdings, cutting an estimated $1.16M.
- 77 institutional investors held Innovator US Equity Buffer ETF May (BMAY) as of Q1 2025, down from 83 in Q4 2024.
- Funds reported $87.5M of Innovator US Equity Buffer ETF May stock for Q1 2025, down 2.9% quarter-over-quarter.
- 6 funds opened new Innovator US Equity Buffer ETF May positions in Q1 2025 and 11 closed out, a net change of -5 holders.
- The largest Innovator US Equity Buffer ETF May buyer in Q1 2025 was Penserra Capital Management, an estimated $2.64M added.
- The largest Innovator US Equity Buffer ETF May seller in Q1 2025 was Osaic Holdings, an estimated $1.16M sold.
Based on aggregated 13F filings for Q1 2025.