Innovator U.S. Small Cap Power Buffer ETF - May
KMAY
23 hedge funds and large institutions have $16.2M invested in Innovator U.S. Small Cap Power Buffer ETF - May in 2025 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 2 increasing their positions, 9 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
21% more funds holding
Funds holding: 19 → 23 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
57% less capital invested
Capital invested by funds: $37.5M → $16.2M (-$21.3M)
78% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 9
115.89% less ownership
Funds ownership: 197.08% → 81.19% (-116%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCFC
First Commonwealth Financial Corp
Indiana,
Pennsylvania
|
+$459K |
| 2 |
FFG
Fiduciary Financial Group
San Rafael,
California
|
+$248K |
| 3 |
Jane Street
New York
|
+$203K |
| 4 |
APW
Atlantic Private Wealth
Chapel Hill,
North Carolina
|
+$80.9K |
| 5 |
CAL
Capital Analysts LLC
Fort Washington,
Pennsylvania
|
+$42.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AF
Allworth Financial
Folsom,
California
|
-$21.2M |
| 2 |
SAG
SageView Advisory Group
Newport Beach,
California
|
-$1.25M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$389K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$332K |
| 5 |
CA
Corrado Advisors
Ramsey,
New Jersey
|
-$156K |
KMAY Hedge Fund Activity: Q3 2025 in Review
23 of the 7,645 institutional investors tracked by Wall St. Rank reported a position in Innovator U.S. Small Cap Power Buffer ETF - May (KMAY) for Q3 2025, worth a combined $16.2M — down 57% from $37.5M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new KMAY positions and 2 closed out — a net gain of 4 holders — while 2 added to existing stakes and 9 trimmed.
The largest buyer was First Commonwealth Financial Corp, opening a new position worth an estimated $459K. The largest seller was Allworth Financial, cutting an estimated $21.2M.
- 23 institutional investors held Innovator U.S. Small Cap Power Buffer ETF - May (KMAY) as of Q3 2025, up from 19 in Q2 2025.
- Funds reported $16.2M of Innovator U.S. Small Cap Power Buffer ETF - May stock for Q3 2025, down 57% quarter-over-quarter.
- 6 funds opened new Innovator U.S. Small Cap Power Buffer ETF - May positions in Q3 2025 and 2 closed out, a net change of +4 holders.
- The largest Innovator U.S. Small Cap Power Buffer ETF - May buyer in Q3 2025 was First Commonwealth Financial Corp, an estimated $459K added.
- The largest Innovator U.S. Small Cap Power Buffer ETF - May seller in Q3 2025 was Allworth Financial, an estimated $21.2M sold.
Based on aggregated 13F filings for Q3 2025.