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Innovator Buffer Step-Up Strategy ETF
BSTP

40 hedge funds and large institutions have $45M invested in Innovator Buffer Step-Up Strategy ETF in 2025 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 16 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 1

11% more funds holding

Funds holding: 36 → 40 (+4)

9.36% more ownership

Funds ownership: 72.62% → 81.99% (+9.4%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

9% less capital invested

Capital invested by funds: $49.3M → $45M (-$4.33M)

38% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 16

Holders
40
Holders Change
+4
Holders Change %
+11.11%
% of All Funds
0.53%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
5
Increased
10
Reduced
16
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DBRC
D.B. Root & Company
Pennsylvania
+$981K
2
NFG
Nations Financial Group
Iowa
+$211K
3
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
+$195K
4
Citadel Advisors
Citadel Advisors
Florida
+$152K
5
OMC
Old Mission Capital
Illinois
+$78.5K

Top Sellers

Rank Fund Capital Flow
1
BCM
Brookstone Capital Management
Illinois
-$7.32M
2
SS
Sunbelt Securities
Texas
-$1.26M
3
JP Morgan Chase
JP Morgan Chase
New York
-$712K
4
CIAS
Capital Investment Advisory Services
North Carolina
-$255K
5
RC
Rovin Capital
Arizona
-$165K
Name Holding Trade Value Shares
Change 		Change in
Stake
KWM
26
KFG Wealth Management
Indiana
$281K +$3.64K +111 +1%
Osaic Holdings
27
Osaic Holdings
Arizona
$239K -$29.9K -912 -12%
FA
28
FSA Advisors
Michigan
$237K -$3.58K -109 -2%
CAPTRUST Financial Advisors
29
CAPTRUST Financial Advisors
North Carolina
$206K +$195K +5,950 New
Barclays
30
Barclays
United Kingdom
$148K -$6.3K -192 -4%
ACA
31
Aptus Capital Advisors
Alabama
$141K – – –
UBS Group
32
UBS Group
Switzerland
$45.1K +$42.8K +1,305 New
AF
33
Allworth Financial
California
$41.6K – – –
SPIA
34
Steward Partners Investment Advisory
New York
$15.2K – – –
LC
35
Luminist Capital
Michigan
$12.2K – – –
FGC
36
Financial Gravity Companies
Texas
$3.25K +$3.08K +94 New
BBPWM
37
Blue Bell Private Wealth Management
Pennsylvania
$1.55K – – –
AWM
38
AE Wealth Management
Kansas
$1.28K – – –
DFA
39
DHJJ Financial Advisors
Illinois
$346 – – –
IA
40
IFP Advisors
Florida
$208 +$197 +6 New
JP Morgan Chase
41
JP Morgan Chase
New York
– -$712K -22,026 Closed
1
2

BSTP Hedge Fund Activity: Q2 2025 in Review

40 of the 7,599 institutional investors tracked by Wall St. Rank reported a position in Innovator Buffer Step-Up Strategy ETF (BSTP) for Q2 2025, worth a combined $45M — down 8.8% from $49.3M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new BSTP positions and 1 closed out — a net gain of 4 holders — while 10 added to existing stakes and 16 trimmed.

The largest buyer was D.B. Root & Company, adding an estimated $981K. The largest seller was Brookstone Capital Management, cutting an estimated $7.32M.

  • 40 institutional investors held Innovator Buffer Step-Up Strategy ETF (BSTP) as of Q2 2025, up from 36 in Q1 2025.
  • Funds reported $45M of Innovator Buffer Step-Up Strategy ETF stock for Q2 2025, down 8.8% quarter-over-quarter.
  • 5 funds opened new Innovator Buffer Step-Up Strategy ETF positions in Q2 2025 and 1 closed out, a net change of +4 holders.
  • The largest Innovator Buffer Step-Up Strategy ETF buyer in Q2 2025 was D.B. Root & Company, an estimated $981K added.
  • The largest Innovator Buffer Step-Up Strategy ETF seller in Q2 2025 was Brookstone Capital Management, an estimated $7.32M sold.

Based on aggregated 13F filings for Q2 2025.