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Innovator US Equity Buffer ETF September
BSEP

97 hedge funds and large institutions have $116M invested in Innovator US Equity Buffer ETF September in 2025 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 36 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.83% less ownership

Funds ownership: 74.76% → 71.92% (-2.8%)

9% less funds holding

Funds holding: 107 → 97 (-10)

20% less capital invested

Capital invested by funds: $146M → $116M (-$29.6M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

58% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 36

62% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 13

Holders
97
Holders Change
-10
Holders Change %
-9.35%
% of All Funds
1.3%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
5
Increased
15
Reduced
36
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Osaic Holdings
Osaic Holdings
Arizona
+$3.27M
2
PCM
Penserra Capital Management
California
+$2.62M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$883K
4
LA
Legacy Advisors
Pennsylvania
+$871K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$734K

Top Sellers

Rank Fund Capital Flow
1
BCM
Brookstone Capital Management
Illinois
-$20.3M
2
SPIA
Steward Partners Investment Advisory
New York
-$4.61M
3
RPSA
Richard P. Slaughter Associates
Texas
-$3.08M
4
DI
Diligent Investors
California
-$1.58M
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$1.56M
Name Holding Trade Value Shares
Change 		Change in
Stake
NC
76
NovaPoint Capital
Georgia
$230K – – –
AWM
77
AE Wealth Management
Kansas
$223K -$1.03K -24 -0.4%
SPWG
78
Syntegra Private Wealth Group
Missouri
$219K – – –
CFS
79
Compass Financial Services
Iowa
$170K +$175K +4,062 New
WP
80
WealthShield Partners
North Carolina
$138K +$116K +2,702 +449%
CA
81
CoreCap Advisors
Michigan
$129K -$8.88K -206 -6%
WCM
82
Weaver Capital Management
Georgia
$125K – – –
CIAS
83
Capital Investment Advisory Services
North Carolina
$101K – – –
Barclays
84
Barclays
United Kingdom
$92.1K +$93K +2,159 +4,693%
CIA
85
Cape Investment Advisory
Georgia
$89.3K – – –
GTAM
86
Global Trust Asset Management
Florida
$83.6K – – –
AIC
87
Archer Investment Corporation
Indiana
$79.5K – – –
CA
88
Continuum Advisory
Idaho
$67.3K -$7.15K -166 -9%
AF
89
Advisornet Financial
Minnesota
$57.6K – – –
OCM
90
Orion Capital Management
California
$56.8K – – –
PWA
91
Physician Wealth Advisors
Utah
$44.1K – – –
CFD
92
Creative Financial Designs
Indiana
$41.8K – – –
JP Morgan Chase
93
JP Morgan Chase
New York
$24K -$21.5K -500 -47%
EWA
94
EverSource Wealth Advisors
Alabama
$21.3K – – –
NA
95
NewEdge Advisors
Louisiana
$8.65K – – –
OSAM
96
O'Shaughnessy Asset Management
Connecticut
$3.76K – – –
LA
97
Legacy Advisors
Pennsylvania
$3.6K +$871K +20,218 New
OMC
98
Old Mission Capital
Illinois
– -$1.13M -26,248 Closed
Jane Street
99
Jane Street
New York
– -$408K -9,499 Closed
CB
100
Chris Bulman
California
– -$336K -7,838 Closed
1 2 3
4
5

BSEP Hedge Fund Activity: Q1 2025 in Review

97 of the 7,461 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Buffer ETF September (BSEP) for Q1 2025, worth a combined $116M — down 20% from $146M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of BSEP and 5 opened new positions — a net loss of 8 holders — while 36 trimmed existing stakes and 15 added.

The largest buyer was Osaic Holdings, adding an estimated $3.27M. The largest seller was Brookstone Capital Management, cutting an estimated $20.3M.

  • 97 institutional investors held Innovator US Equity Buffer ETF September (BSEP) as of Q1 2025, down from 107 in Q4 2024.
  • Funds reported $116M of Innovator US Equity Buffer ETF September stock for Q1 2025, down 20% quarter-over-quarter.
  • 5 funds opened new Innovator US Equity Buffer ETF September positions in Q1 2025 and 13 closed out, a net change of -8 holders.
  • The largest Innovator US Equity Buffer ETF September buyer in Q1 2025 was Osaic Holdings, an estimated $3.27M added.
  • The largest Innovator US Equity Buffer ETF September seller in Q1 2025 was Brookstone Capital Management, an estimated $20.3M sold.

Based on aggregated 13F filings for Q1 2025.