Innovator US Equity Buffer ETF May
BMAY
87 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, 10 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
4% more funds holding
Funds holding: 84 → 87 (+3)
2.16% more ownership
Funds ownership: 66.05% → 68.21% (+2.2%)
0% more capital invested
Capital invested by funds: $103M → $103M (+$459K)
70% less repeat investments, than reductions
Existing positions increased: 10 | 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
87 of the 8,286 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 0.45% 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 10 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.
- 87 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 0.45% 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.