Innovator Buffer Step-Up Strategy ETF
BSTP
39 hedge funds and large institutions have $47.8M invested in Innovator Buffer Step-Up Strategy ETF in 2025 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 11 increasing their positions, 16 reducing their positions, and 2 closing their positions.
0.47% more ownership
Funds ownership: 84.59% → 85.06% (+0.47%)
0% more capital invested
Capital invested by funds: $47.7M → $47.8M (+$87.4K)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 40 → 39 (-1)
31% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 16
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FA
FSA Advisors
Troy,
Michigan
|
+$381K |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$282K |
| 3 |
DBRC
D.B. Root & Company
Pittsburgh,
Pennsylvania
|
+$225K |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$170K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$166K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$761K |
| 2 |
SS
Sunbelt Securities
Houston,
Texas
|
-$366K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$206K |
| 4 |
LPL Financial
San Diego,
California
|
-$121K |
| 5 |
Barclays
London,
United Kingdom
|
-$120K |
BSTP Hedge Fund Activity: Q4 2025 in Review
39 of the 8,239 institutional investors tracked by Wall St. Rank reported a position in Innovator Buffer Step-Up Strategy ETF (BSTP) for Q4 2025, worth a combined $47.8M — up 0.18% from $47.7M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of BSTP and 1 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 11 added.
The largest buyer was FSA Advisors, adding an estimated $381K. The largest seller was Citadel Advisors, exiting entirely with an estimated $761K sold.
- 39 institutional investors held Innovator Buffer Step-Up Strategy ETF (BSTP) as of Q4 2025, down from 40 in Q3 2025.
- Funds reported $47.8M of Innovator Buffer Step-Up Strategy ETF stock for Q4 2025, up 0.18% quarter-over-quarter.
- 1 fund opened new Innovator Buffer Step-Up Strategy ETF positions in Q4 2025 and 2 closed out, a net change of -1 holder.
- The largest Innovator Buffer Step-Up Strategy ETF buyer in Q4 2025 was FSA Advisors, an estimated $381K added.
- The largest Innovator Buffer Step-Up Strategy ETF seller in Q4 2025 was Citadel Advisors, an estimated $761K sold.
Based on aggregated 13F filings for Q4 2025.