Innovator US Equity Buffer ETF May
BMAY
86 hedge funds and large institutions have $103M invested in Innovator US Equity Buffer ETF May in 2025 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 9 increasing their positions, 33 reducing their positions, and 10 closing their positions.
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
2% more funds holding
Funds holding: 84 → 86 (+2)
1.87% more ownership
Funds ownership: 66.05% → 67.92% (+1.9%)
0% more capital invested
Capital invested by funds: $103M → $103M (+$20K)
73% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 33
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
Integrity Alliance
Urbandale,
Iowa
|
+$1.22M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
+$1.01M |
| 3 |
MPCL
My Personal CFO LLC
Vancouver,
Washington
|
+$575K |
| 4 |
AAP
Arax Advisory Partners
Denver,
Colorado
|
+$497K |
| 5 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
+$322K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$1.48M |
| 2 |
FPAS
Focus Partners Advisor Solutions
Saint Louis,
Missouri
|
-$1.16M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$1.07M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$734K |
| 5 |
GS
GTS Securities
Miami,
Florida
|
-$639K |
BMAY Hedge Fund Activity: Q4 2025 in Review
86 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Buffer ETF May (BMAY) for Q4 2025, worth a combined $103M — up 0.02% from $103M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BMAY positions and 10 closed out — a net gain of 3 holders — while 9 added to existing stakes and 33 trimmed.
The largest buyer was Integrity Alliance, opening a new position worth an estimated $1.22M. The largest seller was Commonwealth Equity Services, cutting an estimated $1.48M.
- 86 institutional investors held Innovator US Equity Buffer ETF May (BMAY) as of Q4 2025, up from 84 in Q3 2025.
- Funds reported $103M of Innovator US Equity Buffer ETF May stock for Q4 2025, up 0.02% quarter-over-quarter.
- 13 funds opened new Innovator US Equity Buffer ETF May positions in Q4 2025 and 10 closed out, a net change of +3 holders.
- The largest Innovator US Equity Buffer ETF May buyer in Q4 2025 was Integrity Alliance, an estimated $1.22M added.
- The largest Innovator US Equity Buffer ETF May seller in Q4 2025 was Commonwealth Equity Services, an estimated $1.48M sold.
Based on aggregated 13F filings for Q4 2025.