Innovator Buffer Step-Up Strategy ETF
BSTP
36 hedge funds and large institutions have $49.3M invested in Innovator Buffer Step-Up Strategy ETF in 2025 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 16 increasing their positions, 9 reducing their positions, and 4 closing their positions.
78% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 9
8% more capital invested
Capital invested by funds: $45.8M → $49.3M (+$3.59M)
4.83% more ownership
Funds ownership: 67.8% → 72.62% (+4.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 39 → 36 (-3)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RC
Rovin Capital
Mesa,
Arizona
|
+$3.65M |
| 2 |
SS
Sunbelt Securities
Houston,
Texas
|
+$1.28M |
| 3 |
JP Morgan Chase
New York
|
+$659K |
| 4 |
DBRC
D.B. Root & Company
Pittsburgh,
Pennsylvania
|
+$446K |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$436K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$512K |
| 2 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$465K |
| 3 |
LPL Financial
San Diego,
California
|
-$291K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$271K |
| 5 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
-$86.4K |
BSTP Hedge Fund Activity: Q1 2025 in Review
36 of the 7,462 institutional investors tracked by Wall St. Rank reported a position in Innovator Buffer Step-Up Strategy ETF (BSTP) for Q1 2025, worth a combined $49.3M — up 7.8% from $45.8M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of BSTP and 2 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 16 added.
The largest buyer was Rovin Capital, opening a new position worth an estimated $3.65M. The largest seller was Susquehanna International Group, cutting an estimated $512K.
- 36 institutional investors held Innovator Buffer Step-Up Strategy ETF (BSTP) as of Q1 2025, down from 39 in Q4 2024.
- Funds reported $49.3M of Innovator Buffer Step-Up Strategy ETF stock for Q1 2025, up 7.8% quarter-over-quarter.
- 2 funds opened new Innovator Buffer Step-Up Strategy ETF positions in Q1 2025 and 4 closed out, a net change of -2 holders.
- The largest Innovator Buffer Step-Up Strategy ETF buyer in Q1 2025 was Rovin Capital, an estimated $3.65M added.
- The largest Innovator Buffer Step-Up Strategy ETF seller in Q1 2025 was Susquehanna International Group, an estimated $512K sold.
Based on aggregated 13F filings for Q1 2025.