Innovator U.S. Small Cap Power Buffer ETF - November
KNOV
33 hedge funds and large institutions have $22.9M invested in Innovator U.S. Small Cap Power Buffer ETF - November in 2025 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 10 increasing their positions, 3 reducing their positions, and 3 closing their positions.
333% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 3
233% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 3
86% more capital invested
Capital invested by funds: $12.3M → $22.9M (+$10.6M)
43% more funds holding
Funds holding: 23 → 33 (+10)
19.36% less ownership
Funds ownership: 66.02% → 46.67% (-19%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
+$2.79M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$2.51M |
| 3 |
FFG
Fiduciary Financial Group
San Rafael,
California
|
+$2.03M |
| 4 |
HI
Harbour Investments
Madison,
Wisconsin
|
+$1.27M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LC
Luminist Capital
Grand Rapids,
Michigan
|
-$3.66M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$931K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$213K |
| 4 |
MFS
Miller Financial Services
Marshall,
Michigan
|
-$19.7K |
| 5 |
PS
Principal Securities
Des Moines,
Iowa
|
-$13.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
26
Allworth Financial
Folsom,
California
| $49.8K | – | – | – |
|
|
CIAS
27
Capital Investment Advisory Services
Raleigh,
North Carolina
| $37.3K | +$36.9K | +1,310 | New |
|
|
NWMP
28
Noble Wealth Management PBC
Greenwood Village,
Colorado
| $34.2K | – | – | – |
|
|
PP
29
PFS Partners
Mine Hill,
New Jersey
| $33.3K | +$17.9K | +634 | +118% |
|
|
PFM
30
Phillips Financial Management
Fort Wayne,
Indiana
| $25.3K | +$25.1K | +890 | New |
|
|
FNWA
31
Financial Network Wealth Advisors
Murray,
Utah
| $21.8K | – | – | – |
|
|
LWMI
32
Legacy Wealth Management (Idaho)
Boise,
Idaho
| $13K | – | – | – |
|
|
CAL
33
Capital Analysts LLC
Fort Washington,
Pennsylvania
| $2K | – | – | – |
|
|
LC
34
Luminist Capital
Grand Rapids,
Michigan
| – | -$3.66M | -132,642 | Closed |
|
|
35
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$213K | -7,717 | Closed |
|
|
PS
36
Principal Securities
Des Moines,
Iowa
| – | -$13.8K | -500 | Closed |
|
KNOV Hedge Fund Activity: Q4 2025 in Review
33 of the 8,227 institutional investors tracked by Wall St. Rank reported a position in Innovator U.S. Small Cap Power Buffer ETF - November (KNOV) for Q4 2025, worth a combined $22.9M — up 86% from $12.3M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new KNOV positions and 3 closed out — a net gain of 10 holders — while 10 added to existing stakes and 3 trimmed.
The largest buyer was Raymond James Financial, opening a new position worth an estimated $2.79M. The largest seller was Luminist Capital, exiting entirely with an estimated $3.66M sold.
- 33 institutional investors held Innovator U.S. Small Cap Power Buffer ETF - November (KNOV) as of Q4 2025, up from 23 in Q3 2025.
- Funds reported $22.9M of Innovator U.S. Small Cap Power Buffer ETF - November stock for Q4 2025, up 86% quarter-over-quarter.
- 13 funds opened new Innovator U.S. Small Cap Power Buffer ETF - November positions in Q4 2025 and 3 closed out, a net change of +10 holders.
- The largest Innovator U.S. Small Cap Power Buffer ETF - November buyer in Q4 2025 was Raymond James Financial, an estimated $2.79M added.
- The largest Innovator U.S. Small Cap Power Buffer ETF - November seller in Q4 2025 was Luminist Capital, an estimated $3.66M sold.
Based on aggregated 13F filings for Q4 2025.