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AllianzIM U.S. Equity Buffer20 Dec ETF
DECW

74 hedge funds and large institutions have $153M invested in AllianzIM U.S. Equity Buffer20 Dec ETF in 2025 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 20 increasing their positions, 25 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 15

7% more funds holding

Funds holding: 69 → 74 (+5)

6.06% more ownership

Funds ownership: 64% → 70.06% (+6.1%)

20% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 25

39% less capital invested

Capital invested by funds: $250M → $153M (-$96.8M)

43% less funds holding in top 10

Funds holding in top 10: 7 → 4 (-3)

Holders
74
Holders Change
+5
Holders Change %
+7.25%
% of All Funds
0.9%
Holding in Top 10
4
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-42.86%
% of All Funds
0.05%
New
21
Increased
20
Reduced
25
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LPL Financial
LPL Financial
California
+$3.86M
2
AIMU
Allianz Investment Management US
Minnesota
+$3.54M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$2.84M
4
Jane Street
Jane Street
New York
+$1.89M
5
SWM
Spire Wealth Management
Virginia
+$1.34M

Top Sellers

1
AWM
AE Wealth Management
Kansas
-$76.5M
2
LAS
Lloyd Advisory Services
Georgia
-$16.5M
3
BOSSRA
B.O.S.S. Retirement Advisors
Utah
-$7.21M
4
FWM
FSR Wealth Management
Illinois
-$5.94M
5
LI
LifeWealth Investments
Florida
-$5.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
AWM
1
AE Wealth Management
Kansas
$30.1M -$76.5M -2,287,415 -72%
Commonwealth Equity Services
2
Commonwealth Equity Services
Massachusetts
$21.7M +$2.84M +84,763 +15%
Osaic Holdings
3
Osaic Holdings
Arizona
$11.7M +$692K +20,680 +6%
LPL Financial
4
LPL Financial
California
$8M +$3.86M +115,283 +96%
AFS
5
Access Financial Services
Minnesota
$7.58M +$137K +4,107 +2%
AWA
6
Authentikos Wealth Advisory
California
$7.13M -$305K -9,121 -4%
OWA
7
Outlook Wealth Advisors
Texas
$6.88M -$1.19M -35,608 -15%
AAM
8
American Asset Management
Florida
$5.67M -$98.5K -2,945 -2%
Raymond James Financial
9
Raymond James Financial
Florida
$5.02M +$1.08M +32,264 +28%
KAS
10
Kestra Advisory Services
Texas
$4.48M +$406K +12,119 +10%
FWM
11
FSR Wealth Management
Illinois
$4.38M -$5.94M -177,381 -58%
Cetera Investment Advisers
12
Cetera Investment Advisers
Illinois
$3.76M +$558K +16,691 +18%
AIMU
13
Allianz Investment Management US
Minnesota
$3.76M +$3.54M +105,807 +2,116%
SWM
14
Spire Wealth Management
Virginia
$2.85M +$1.34M +40,186 +92%
Jane Street
15
Jane Street
New York
$1.92M +$1.89M +56,492 New
NA
16
Networth Advisors
Pennsylvania
$1.83M +$1.8M +53,846 New
HI
17
Harbour Investments
Wisconsin
$1.66M +$156K +4,668 +11%
FFA
18
Farther Finance Advisors
California
$1.65M +$418K +12,507 +34%
IWMO
19
Integrated Wealth Management (Ohio)
Ohio
$1.31M +$1.29M +38,557 New
FFN
20
Focus Financial Network
Minnesota
$1.19M -$55.8K -1,669 -5%
CWS
21
Cypress Wealth Services
California
$1.17M -$109K -3,253 -9%
AWMI
22
Aegis Wealth Management (Iowa)
Iowa
$1.16M +$1.15M +34,279 New
FA
23
FSA Advisors
Michigan
$1.06M -$1.08M -32,229 -51%
FHC
24
First Heartland Consultants
Missouri
$1.05M -$50.4K -1,506 -5%
LAS
25
Lloyd Advisory Services
Georgia
$950K -$16.5M -492,386 -95%
1
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DECW Hedge Fund Activity: Q4 2025 in Review

74 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in AllianzIM U.S. Equity Buffer20 Dec ETF (DECW) for Q4 2025, worth a combined $153M — down 39% from $250M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new DECW positions and 15 closed out — a net gain of 6 holders — while 20 added to existing stakes and 25 trimmed.

The largest buyer was LPL Financial, adding an estimated $3.86M. The largest seller was AE Wealth Management, cutting an estimated $76.5M.

  • 74 institutional investors held AllianzIM U.S. Equity Buffer20 Dec ETF (DECW) as of Q4 2025, up from 69 in Q3 2025.
  • Funds reported $153M of AllianzIM U.S. Equity Buffer20 Dec ETF stock for Q4 2025, down 39% quarter-over-quarter.
  • 21 funds opened new AllianzIM U.S. Equity Buffer20 Dec ETF positions in Q4 2025 and 15 closed out, a net change of +6 holders.
  • The largest AllianzIM U.S. Equity Buffer20 Dec ETF buyer in Q4 2025 was LPL Financial, an estimated $3.86M added.
  • The largest AllianzIM U.S. Equity Buffer20 Dec ETF seller in Q4 2025 was AE Wealth Management, an estimated $76.5M sold.

Based on aggregated 13F filings for Q4 2025.