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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DBRC
D.B. Root & Company
Pittsburgh,
Pennsylvania
|
+$981K |
| 2 |
NFG
Nations Financial Group
Cedar Rapids,
Iowa
|
+$211K |
| 3 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$195K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$152K |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$78.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$7.32M |
| 2 |
SS
Sunbelt Securities
Houston,
Texas
|
-$1.26M |
| 3 |
JP Morgan Chase
New York
|
-$712K |
| 4 |
CIAS
Capital Investment Advisory Services
Raleigh,
North Carolina
|
-$255K |
| 5 |
RC
Rovin Capital
Mesa,
Arizona
|
-$165K |
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.