AllianzIM U.S. Equity Buffer20 Nov ETF
NVBW
42 hedge funds and large institutions have $69.8M invested in AllianzIM U.S. Equity Buffer20 Nov ETF in 2025 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 19 increasing their positions, 7 reducing their positions, and 5 closing their positions.
171% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 7
140% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 5
48% more capital invested
Capital invested by funds: $47.1M → $69.8M (+$22.7M)
20% more funds holding
Funds holding: 35 → 42 (+7)
1.08% more ownership
Funds ownership: 72.63% → 73.71% (+1.1%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$4.44M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$3.68M |
| 3 |
AIMU
Allianz Investment Management US
Minneapolis,
Minnesota
|
+$3.49M |
| 4 |
LPL Financial
San Diego,
California
|
+$2.88M |
| 5 |
PA
PFG Advisors
Phoenix,
Arizona
|
+$2.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAWAG
Mid-American Wealth Advisory Group
Kansas City,
Missouri
|
-$8.64M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$844K |
| 3 |
SB
Strategic Blueprint
Atlanta,
Georgia
|
-$309K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$270K |
| 5 |
JP Morgan Chase
New York
|
-$193K |
NVBW Hedge Fund Activity: Q4 2025 in Review
42 of the 8,228 institutional investors tracked by Wall St. Rank reported a position in AllianzIM U.S. Equity Buffer20 Nov ETF (NVBW) for Q4 2025, worth a combined $69.8M — up 48% from $47.1M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new NVBW positions and 5 closed out — a net gain of 7 holders — while 19 added to existing stakes and 7 trimmed.
The largest buyer was Cetera Investment Advisers, adding an estimated $4.44M. The largest seller was Mid-American Wealth Advisory Group, exiting entirely with an estimated $8.64M sold.
- 42 institutional investors held AllianzIM U.S. Equity Buffer20 Nov ETF (NVBW) as of Q4 2025, up from 35 in Q3 2025.
- Funds reported $69.8M of AllianzIM U.S. Equity Buffer20 Nov ETF stock for Q4 2025, up 48% quarter-over-quarter.
- 12 funds opened new AllianzIM U.S. Equity Buffer20 Nov ETF positions in Q4 2025 and 5 closed out, a net change of +7 holders.
- The largest AllianzIM U.S. Equity Buffer20 Nov ETF buyer in Q4 2025 was Cetera Investment Advisers, an estimated $4.44M added.
- The largest AllianzIM U.S. Equity Buffer20 Nov ETF seller in Q4 2025 was Mid-American Wealth Advisory Group, an estimated $8.64M sold.
Based on aggregated 13F filings for Q4 2025.