FT Vest U.S. Equity Max Buffer ETF - November
NOVM
34 hedge funds and large institutions have $15M invested in FT Vest U.S. Equity Max Buffer ETF - November in 2025 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 3 closing their positions.
300% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 3
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
29% more capital invested
Capital invested by funds: $11.6M → $15M (+$3.39M)
26% more funds holding
Funds holding: 27 → 34 (+7)
1.24% less ownership
Funds ownership: 60.08% → 58.83% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$942K |
| 2 |
PAS
Park Avenue Securities
New York
|
+$718K |
| 3 |
WA
Waverly Advisors
Birmingham,
Alabama
|
+$615K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$543K |
| 5 |
CPP
Capasso Planning Partners
Charleston,
South Carolina
|
+$392K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$612K |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$594K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$302K |
| 4 |
CCFM
Clear Creek Financial Management
Silverdale,
Washington
|
-$246K |
| 5 |
Barclays
London,
United Kingdom
|
-$147K |
NOVM Hedge Fund Activity: Q4 2025 in Review
34 of the 8,224 institutional investors tracked by Wall St. Rank reported a position in FT Vest U.S. Equity Max Buffer ETF - November (NOVM) for Q4 2025, worth a combined $15M — up 29% from $11.6M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new NOVM positions and 3 closed out — a net gain of 9 holders — while 8 added to existing stakes and 6 trimmed.
The largest buyer was Commonwealth Equity Services, opening a new position worth an estimated $942K. The largest seller was Citadel Advisors, exiting entirely with an estimated $612K sold.
- 34 institutional investors held FT Vest U.S. Equity Max Buffer ETF - November (NOVM) as of Q4 2025, up from 27 in Q3 2025.
- Funds reported $15M of FT Vest U.S. Equity Max Buffer ETF - November stock for Q4 2025, up 29% quarter-over-quarter.
- 12 funds opened new FT Vest U.S. Equity Max Buffer ETF - November positions in Q4 2025 and 3 closed out, a net change of +9 holders.
- The largest FT Vest U.S. Equity Max Buffer ETF - November buyer in Q4 2025 was Commonwealth Equity Services, an estimated $942K added.
- The largest FT Vest U.S. Equity Max Buffer ETF - November seller in Q4 2025 was Citadel Advisors, an estimated $612K sold.
Based on aggregated 13F filings for Q4 2025.