Innovator US Equity Buffer ETF September
BSEP
115 hedge funds and large institutions have $189M invested in Innovator US Equity Buffer ETF September in 2025 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 18 increasing their positions, 47 reducing their positions, and 4 closing their positions.
300% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 4
12% more funds holding
Funds holding: 103 → 115 (+12)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less capital invested
Capital invested by funds: $192M → $189M (-$2.61M)
6.45% less ownership
Funds ownership: 83.58% → 77.12% (-6.5%)
62% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FHC
First Heartland Consultants
Lake St. Louis,
Missouri
|
+$2.1M |
| 2 |
AI
Atria Investments
Charlotte,
North Carolina
|
+$1.94M |
| 3 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
+$1.53M |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$1.24M |
| 5 |
MPCL
My Personal CFO LLC
Vancouver,
Washington
|
+$1.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$11.9M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$2.99M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.81M |
| 4 |
PCM
Penserra Capital Management
Orinda,
California
|
-$858K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$846K |
BSEP Hedge Fund Activity: Q4 2025 in Review
115 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Buffer ETF September (BSEP) for Q4 2025, worth a combined $189M — down 1.4% from $192M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new BSEP positions and 4 closed out — a net gain of 12 holders — while 18 added to existing stakes and 47 trimmed.
The largest buyer was First Heartland Consultants, opening a new position worth an estimated $2.1M. The largest seller was Citadel Advisors, cutting an estimated $11.9M.
- 115 institutional investors held Innovator US Equity Buffer ETF September (BSEP) as of Q4 2025, up from 103 in Q3 2025.
- Funds reported $189M of Innovator US Equity Buffer ETF September stock for Q4 2025, down 1.4% quarter-over-quarter.
- 16 funds opened new Innovator US Equity Buffer ETF September positions in Q4 2025 and 4 closed out, a net change of +12 holders.
- The largest Innovator US Equity Buffer ETF September buyer in Q4 2025 was First Heartland Consultants, an estimated $2.1M added.
- The largest Innovator US Equity Buffer ETF September seller in Q4 2025 was Citadel Advisors, an estimated $11.9M sold.
Based on aggregated 13F filings for Q4 2025.