FT Vest U.S. Equity Max Buffer ETF - November
NOVM
25 hedge funds and large institutions have $12.7M invested in FT Vest U.S. Equity Max Buffer ETF - November in 2025 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 12 reducing their positions, and 6 closing their positions.
5.62% less ownership
Funds ownership: 65.51% → 59.89% (-5.6%)
14% less funds holding
Funds holding: 29 → 25 (-4)
15% less capital invested
Capital invested by funds: $15M → $12.7M (-$2.25M)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
75% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MOS
MGO One Seven
Beachwood,
Ohio
|
+$579K |
| 2 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$175K |
| 3 |
FFA
Farther Finance Advisors
San Francisco,
California
|
+$91.9K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$37.9K |
| 5 |
CIAS
Capital Investment Advisory Services
Raleigh,
North Carolina
|
+$24.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$965K |
| 2 |
WP
WealthPLAN Partners
Omaha,
Nebraska
|
-$692K |
| 3 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$573K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$458K |
| 5 |
WIM
WealthPlan Investment Management
Omaha,
Nebraska
|
-$433K |
NOVM Hedge Fund Activity: Q2 2025 in Review
25 of the 7,616 institutional investors tracked by Wall St. Rank reported a position in FT Vest U.S. Equity Max Buffer ETF - November (NOVM) for Q2 2025, worth a combined $12.7M — down 15% from $15M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of NOVM and 2 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 3 added.
The largest buyer was MGO One Seven, opening a new position worth an estimated $579K. The largest seller was Susquehanna International Group, exiting entirely with an estimated $965K sold.
- 25 institutional investors held FT Vest U.S. Equity Max Buffer ETF - November (NOVM) as of Q2 2025, down from 29 in Q1 2025.
- Funds reported $12.7M of FT Vest U.S. Equity Max Buffer ETF - November stock for Q2 2025, down 15% quarter-over-quarter.
- 2 funds opened new FT Vest U.S. Equity Max Buffer ETF - November positions in Q2 2025 and 6 closed out, a net change of -4 holders.
- The largest FT Vest U.S. Equity Max Buffer ETF - November buyer in Q2 2025 was MGO One Seven, an estimated $579K added.
- The largest FT Vest U.S. Equity Max Buffer ETF - November seller in Q2 2025 was Susquehanna International Group, an estimated $965K sold.
Based on aggregated 13F filings for Q2 2025.