Innovator U.S. Small Cap Power Buffer ETF - August
KAUG
43 hedge funds and large institutions have $116M invested in Innovator U.S. Small Cap Power Buffer ETF - August in 2025 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
10% more funds holding
Funds holding: 39 → 43 (+4)
8% more capital invested
Capital invested by funds: $107M → $116M (+$9.01M)
4.27% more ownership
Funds ownership: 83.15% → 87.41% (+4.3%)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BMM
Berkshire Money Management
Dalton,
Massachusetts
|
+$1.24M |
| 2 |
SAG
SageView Advisory Group
Newport Beach,
California
|
+$1.09M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$514K |
| 4 |
BWM
BCS Wealth Management
Johnson City,
Tennessee
|
+$312K |
| 5 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
+$280K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
Harbour Investments
Madison,
Wisconsin
|
-$708K |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$218K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$64.9K |
| 4 |
William Blair & Company
Chicago,
Illinois
|
-$49.9K |
| 5 |
CAL
Capital Analysts LLC
Fort Washington,
Pennsylvania
|
-$26.2K |
KAUG Hedge Fund Activity: Q4 2025 in Review
43 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in Innovator U.S. Small Cap Power Buffer ETF - August (KAUG) for Q4 2025, worth a combined $116M — up 8.4% from $107M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new KAUG positions and 3 closed out — a net gain of 4 holders — while 10 added to existing stakes and 11 trimmed.
The largest buyer was Berkshire Money Management, adding an estimated $1.24M. The largest seller was Harbour Investments, cutting an estimated $708K.
- 43 institutional investors held Innovator U.S. Small Cap Power Buffer ETF - August (KAUG) as of Q4 2025, up from 39 in Q3 2025.
- Funds reported $116M of Innovator U.S. Small Cap Power Buffer ETF - August stock for Q4 2025, up 8.4% quarter-over-quarter.
- 7 funds opened new Innovator U.S. Small Cap Power Buffer ETF - August positions in Q4 2025 and 3 closed out, a net change of +4 holders.
- The largest Innovator U.S. Small Cap Power Buffer ETF - August buyer in Q4 2025 was Berkshire Money Management, an estimated $1.24M added.
- The largest Innovator U.S. Small Cap Power Buffer ETF - August seller in Q4 2025 was Harbour Investments, an estimated $708K sold.
Based on aggregated 13F filings for Q4 2025.