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Innovator US Equity Buffer ETF November
BNOV

92 hedge funds and large institutions have $162M invested in Innovator US Equity Buffer ETF November in 2025 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 37 increasing their positions, 21 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

171% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 7

76% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 21

69% more capital invested

Capital invested by funds: $95.9M → $162M (+$65.8M)

15% more funds holding

Funds holding: 80 → 92 (+12)

0.27% more ownership

Funds ownership: 71.71% → 71.98% (+0.27%)

Holders
92
Holders Change
+12
Holders Change %
+15%
% of All Funds
1.12%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
19
Increased
37
Reduced
21
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BCM
Brookstone Capital Management
Illinois
+$28.1M
2
LF
Lantz Financial
Illinois
+$11.9M
3
Cerity Partners
Cerity Partners
New York
+$6.88M
4
Lido Advisors
Lido Advisors
California
+$5.16M
5
MSA
McAlister Sweet & Associates
Texas
+$3.54M

Top Sellers

1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$3.8M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.62M
3
Citadel Advisors
Citadel Advisors
Florida
-$988K
4
MML Investors Services
MML Investors Services
Massachusetts
-$898K
5
BWM
Buska Wealth Management
Wisconsin
-$894K
Name Holding Trade Value Shares
Change 		Change in
Stake
Mercer Global Advisors
26
Mercer Global Advisors
Colorado
$1.22M – – –
SCA
27
Snowden Capital Advisors
New York
$1.12M +$414K +9,418 +60%
SPC
28
Sigma Planning Corp
Michigan
$1.09M +$19K +432 +2%
AWA
29
Arkadios Wealth Advisors
Georgia
$1.07M +$1.06M +24,080 New
CA
30
CoreCap Advisors
Michigan
$984K -$24.5K -557 -2%
TWM
31
TopTier Wealth Management
Wisconsin
$967K +$956K +21,741 New
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$962K +$170K +3,868 +22%
BMM
33
Berkshire Money Management
Massachusetts
$952K +$29.1K +661 +3%
BEI
34
Benjamin Edwards Inc
Missouri
$858K – – –
FA
35
FSA Advisors
Michigan
$854K +$162K +3,692 +24%
CB
36
Chris Bulman
California
$831K +$822K +18,682 New
Truist Financial
37
Truist Financial
North Carolina
$811K +$386K +8,775 +93%
SWM
38
Spire Wealth Management
Virginia
$751K +$525K +11,944 +241%
BFA
39
Beacon Financial Advisory
Ohio
$725K +$188K +4,270 +35%
CIA
40
Concurrent Investment Advisors
Florida
$687K -$26.5K -603 -4%
WCG
41
Weaver Consulting Group
California
$668K +$661K +15,023 New
BBPWM
42
Blue Bell Private Wealth Management
Pennsylvania
$632K -$28.4K -646 -4%
BWM
43
BCS Wealth Management
Tennessee
$629K +$307K +6,989 +98%
PS
44
Principal Securities
Iowa
$602K +$54.1K +1,230 +10%
AAP
45
Arax Advisory Partners
Colorado
$592K +$585K +13,309 New
FIA
46
Foundations Investment Advisors
Arizona
$583K +$288K +6,543 +100%
FCFC
47
First Commonwealth Financial Corp
Pennsylvania
$575K -$288K -6,552 -34%
ML
48
McAdam LLC
Pennsylvania
$566K – – –
TF
49
Trek Financial
Arizona
$528K +$269K +6,110 +106%
SAM
50
Secure Asset Management
Michigan
$524K +$518K +11,783 New
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BNOV Hedge Fund Activity: Q4 2025 in Review

92 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Buffer ETF November (BNOV) for Q4 2025, worth a combined $162M — up 69% from $95.9M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new BNOV positions and 7 closed out — a net gain of 12 holders — while 37 added to existing stakes and 21 trimmed.

The largest buyer was Brookstone Capital Management, adding an estimated $28.1M. The largest seller was Envestnet Asset Management, cutting an estimated $3.8M.

  • 92 institutional investors held Innovator US Equity Buffer ETF November (BNOV) as of Q4 2025, up from 80 in Q3 2025.
  • Funds reported $162M of Innovator US Equity Buffer ETF November stock for Q4 2025, up 69% quarter-over-quarter.
  • 19 funds opened new Innovator US Equity Buffer ETF November positions in Q4 2025 and 7 closed out, a net change of +12 holders.
  • The largest Innovator US Equity Buffer ETF November buyer in Q4 2025 was Brookstone Capital Management, an estimated $28.1M added.
  • The largest Innovator US Equity Buffer ETF November seller in Q4 2025 was Envestnet Asset Management, an estimated $3.8M sold.

Based on aggregated 13F filings for Q4 2025.