Innovator US Equity Buffer ETF May
BMAY
87 hedge funds and large institutions have $105M invested in Innovator US Equity Buffer ETF May in 2025 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 5 closing their positions.
200% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 5
20% more capital invested
Capital invested by funds: $87.5M → $105M (+$17.6M)
13% more funds holding
Funds holding: 77 → 87 (+10)
9% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 22
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.4% less ownership
Funds ownership: 71.19% → 67.79% (-3.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
+$1.88M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.85M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.83M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.78M |
| 5 |
Cerity Partners
New York
|
+$1.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.67M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
-$1.39M |
| 3 |
GS
GWN Securities
Palm Beach Gardens,
Florida
|
-$566K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$549K |
| 5 |
RPGK
Retirement Planning Group (Kansas)
Leawood,
Kansas
|
-$234K |
BMAY Hedge Fund Activity: Q2 2025 in Review
87 of the 7,598 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Buffer ETF May (BMAY) for Q2 2025, worth a combined $105M — up 20% from $87.5M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new BMAY positions and 5 closed out — a net gain of 10 holders — while 24 added to existing stakes and 22 trimmed.
The largest buyer was MML Investors Services, adding an estimated $1.88M. The largest seller was Susquehanna International Group, cutting an estimated $2.67M.
- 87 institutional investors held Innovator US Equity Buffer ETF May (BMAY) as of Q2 2025, up from 77 in Q1 2025.
- Funds reported $105M of Innovator US Equity Buffer ETF May stock for Q2 2025, up 20% quarter-over-quarter.
- 15 funds opened new Innovator US Equity Buffer ETF May positions in Q2 2025 and 5 closed out, a net change of +10 holders.
- The largest Innovator US Equity Buffer ETF May buyer in Q2 2025 was MML Investors Services, an estimated $1.88M added.
- The largest Innovator US Equity Buffer ETF May seller in Q2 2025 was Susquehanna International Group, an estimated $2.67M sold.
Based on aggregated 13F filings for Q2 2025.