Innovator U.S. Small Cap Power Buffer ETF - May
KMAY
23 hedge funds and large institutions have $16.7M invested in Innovator U.S. Small Cap Power Buffer ETF - May in 2025 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 10 reducing their positions, and 2 closing their positions.
3% more capital invested
Capital invested by funds: $16.2M → $16.7M (+$434K)
0.07% more ownership
Funds ownership: 81.19% → 81.26% (+0.07%)
0% more funds holding
Funds holding: 23 → 23 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
70% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$363K |
| 2 |
PFM
Phillips Financial Management
Fort Wayne,
Indiana
|
+$137K |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$38.2K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$11.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$208K |
| 2 |
AF
Allworth Financial
Folsom,
California
|
-$171K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$116K |
| 4 |
APW
Atlantic Private Wealth
Chapel Hill,
North Carolina
|
-$82.8K |
| 5 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
-$78.2K |
KMAY Hedge Fund Activity: Q4 2025 in Review
23 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in Innovator U.S. Small Cap Power Buffer ETF - May (KMAY) for Q4 2025, worth a combined $16.7M — up 2.7% from $16.2M a quarter earlier.
Fund positioning in KMAY was balanced in Q4 2025: 2 funds opened new positions, 2 closed out, 3 added to existing stakes and 10 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $363K. The largest seller was Jane Street, exiting entirely with an estimated $208K sold.
- 23 institutional investors held Innovator U.S. Small Cap Power Buffer ETF - May (KMAY) as of Q4 2025, unchanged from Q3 2025.
- Funds reported $16.7M of Innovator U.S. Small Cap Power Buffer ETF - May stock for Q4 2025, up 2.7% quarter-over-quarter.
- 2 funds opened new Innovator U.S. Small Cap Power Buffer ETF - May positions in Q4 2025 and 2 closed out, a net change of 0 holders.
- The largest Innovator U.S. Small Cap Power Buffer ETF - May buyer in Q4 2025 was Susquehanna International Group, an estimated $363K added.
- The largest Innovator U.S. Small Cap Power Buffer ETF - May seller in Q4 2025 was Jane Street, an estimated $208K sold.
Based on aggregated 13F filings for Q4 2025.