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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
+$3.27M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
+$2.62M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$883K |
| 4 |
LA
Legacy Advisors
Plymouth Meeting,
Pennsylvania
|
+$871K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$734K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$20.3M |
| 2 |
SPIA
Steward Partners Investment Advisory
New York
|
-$4.61M |
| 3 |
RPSA
Richard P. Slaughter Associates
Austin,
Texas
|
-$3.08M |
| 4 |
DI
Diligent Investors
Redlands,
California
|
-$1.58M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$1.56M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KWM
101
Kingsview Wealth Management
Grants Pass,
Oregon
| – | -$277K | -6,456 | Closed |
|
|
SS
102
Sunbelt Securities
Houston,
Texas
| – | -$258K | -5,995 | Closed |
|
|
GS
103
GTS Securities
New York
| – | -$239K | -5,571 | Closed |
|
|
SWA
104
Stratos Wealth Advisors
Beachwood,
Ohio
| – | -$219K | -5,094 | Closed |
|
|
FIA
105
Foundations Investment Advisors
Phoenix,
Arizona
| – | -$205K | -4,783 | Closed |
|
|
PIAS
106
PCA Investment Advisory Services
Cincinnati,
Ohio
| – | -$204K | -4,745 | Closed |
|
|
KCM
107
Kathmere Capital Management
Wayne,
Pennsylvania
| – | -$202K | -4,720 | Closed |
|
|
SMAM
108
Sugar Maple Asset Management
Sister Bay,
Wisconsin
| – | -$182K | -4,248 | Closed |
|
109
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$69K | -1,600 | Closed |
|
|
Q1WB
110
Quest 10 Wealth Builders
Fuquay-Varina,
Virginia
| – | -$27.8K | -648 | Closed |
|
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.