Innovator Buffer Step-Up Strategy ETF
BSTP
40 hedge funds and large institutions have $47.7M invested in Innovator Buffer Step-Up Strategy ETF in 2025 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
6% more capital invested
Capital invested by funds: $45M → $47.7M (+$2.68M)
2.6% more ownership
Funds ownership: 81.99% → 84.59% (+2.6%)
0% more funds holding
Funds holding: 40 → 40 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
25% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SS
Sunbelt Securities
Houston,
Texas
|
+$1.11M |
| 2 |
NFG
Nations Financial Group
Cedar Rapids,
Iowa
|
+$310K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$176K |
| 4 |
VCWM
Vista Cima Wealth Management
Surprise,
Arizona
|
+$109K |
| 5 |
CTFG
Capstone Triton Financial Group
Oklahoma City,
Oklahoma
|
+$59.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
-$936K |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$402K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$170K |
| 4 |
DBRC
D.B. Root & Company
Pittsburgh,
Pennsylvania
|
-$148K |
| 5 |
RC
Rovin Capital
Mesa,
Arizona
|
-$59.8K |
BSTP Hedge Fund Activity: Q3 2025 in Review
40 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Innovator Buffer Step-Up Strategy ETF (BSTP) for Q3 2025, worth a combined $47.7M — up 5.9% from $45M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new BSTP positions and 1 closed out — a net gain of 1 holder — while 12 added to existing stakes and 16 trimmed.
The largest buyer was Sunbelt Securities, adding an estimated $1.11M. The largest seller was Freedom Investment Management, exiting entirely with an estimated $936K sold.
- 40 institutional investors held Innovator Buffer Step-Up Strategy ETF (BSTP) as of Q3 2025, unchanged from Q2 2025.
- Funds reported $47.7M of Innovator Buffer Step-Up Strategy ETF stock for Q3 2025, up 5.9% quarter-over-quarter.
- 2 funds opened new Innovator Buffer Step-Up Strategy ETF positions in Q3 2025 and 1 closed out, a net change of +1 holder.
- The largest Innovator Buffer Step-Up Strategy ETF buyer in Q3 2025 was Sunbelt Securities, an estimated $1.11M added.
- The largest Innovator Buffer Step-Up Strategy ETF seller in Q3 2025 was Freedom Investment Management, an estimated $936K sold.
Based on aggregated 13F filings for Q3 2025.