AllianzIM U.S. Equity Buffer20 Nov ETF
NVBW
35 hedge funds and large institutions have $47.1M invested in AllianzIM U.S. Equity Buffer20 Nov ETF in 2025 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 15 reducing their positions, and 4 closing their positions.
0.38% more ownership
Funds ownership: 72.25% → 72.63% (+0.38%)
5% less funds holding
Funds holding: 37 → 35 (-2)
13% less capital invested
Capital invested by funds: $54.1M → $47.1M (-$7.01M)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
40% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$1.22M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$617K |
| 3 |
JP Morgan Chase
New York
|
+$417K |
| 4 |
DAS
Diversify Advisory Services
Sandy,
Utah
|
+$343K |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$280K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
Authentikos Wealth Advisory
Morgan Hill,
California
|
-$7.5M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$1.18M |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$755K |
| 4 |
AAM
American Asset Management
Boca Raton,
Florida
|
-$336K |
| 5 |
HI
Harbour Investments
Madison,
Wisconsin
|
-$334K |
NVBW Hedge Fund Activity: Q3 2025 in Review
35 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in AllianzIM U.S. Equity Buffer20 Nov ETF (NVBW) for Q3 2025, worth a combined $47.1M — down 13% from $54.1M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of NVBW and 3 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 9 added.
The largest buyer was LPL Financial, adding an estimated $1.22M. The largest seller was Authentikos Wealth Advisory, exiting entirely with an estimated $7.5M sold.
- 35 institutional investors held AllianzIM U.S. Equity Buffer20 Nov ETF (NVBW) as of Q3 2025, down from 37 in Q2 2025.
- Funds reported $47.1M of AllianzIM U.S. Equity Buffer20 Nov ETF stock for Q3 2025, down 13% quarter-over-quarter.
- 3 funds opened new AllianzIM U.S. Equity Buffer20 Nov ETF positions in Q3 2025 and 4 closed out, a net change of -1 holder.
- The largest AllianzIM U.S. Equity Buffer20 Nov ETF buyer in Q3 2025 was LPL Financial, an estimated $1.22M added.
- The largest AllianzIM U.S. Equity Buffer20 Nov ETF seller in Q3 2025 was Authentikos Wealth Advisory, an estimated $7.5M sold.
Based on aggregated 13F filings for Q3 2025.