We are live on ! Find out more
PAPR icon

Innovator US Equity Power Buffer ETF April
PAPR

198 hedge funds and large institutions have $534M invested in Innovator US Equity Power Buffer ETF April in 2025 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 48 increasing their positions, 90 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

4.39% more ownership

Funds ownership: 77.68% → 82.07% (+4.4%)

9% less funds holding

Funds holding: 218 → 198 (-20)

10% less capital invested

Capital invested by funds: $590M → $534M (-$56.6M)

47% less repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 90

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

58% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 26

Holders
198
Holders Change
-20
Holders Change %
-9.17%
% of All Funds
2.66%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
11
Increased
48
Reduced
90
Closed
26
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AllianceBernstein
AllianceBernstein
Tennessee
+$9.97M
2
LPL Financial
LPL Financial
California
+$2.88M
3
HWP
Heritage Wealth Partners
Ohio
+$2.73M
4
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$2.63M
5
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
+$2.56M

Top Sellers

1
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$14.9M
2
CG
Caprock Group
Idaho
-$9.88M
3
SPIA
Steward Partners Investment Advisory
New York
-$4.65M
4
Osaic Holdings
Osaic Holdings
Arizona
-$4.61M
5
BAM
Belpointe Asset Management
Nevada
-$2.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
101
Continuum Advisory
Idaho
$767K -$31.2K -846 -4%
HI
102
Harbour Investments
Wisconsin
$746K -$331 -9 -0%
MHS
103
M Holdings Securities
Oregon
$719K – – –
AWM
104
Atticus Wealth Management
Florida
$709K – – –
IFG
105
Independent Financial Group
California
$694K – – –
TC
106
TownSquare Capital
Utah
$693K -$263K -7,138 -27%
WA
107
Wealth Alliance
New York
$689K – – –
MSFS
108
Main Street Financial Solutions
Pennsylvania
$604K – – –
VBFP
109
Valtinson Bruner Financial Planning
Minnesota
$602K -$322K -8,744 -34%
WC
110
Waterloo Capital
Texas
$577K -$132K -3,575 -18%
AWA
111
Arkadios Wealth Advisors
Georgia
$575K -$121K -3,280 -17%
FFN
112
Focus Financial Network
Minnesota
$573K -$113K -3,076 -16%
ASN
113
Advisory Services Network
Georgia
$571K +$994 +27 +0.2%
AQR Capital Management
114
AQR Capital Management
Connecticut
$568K +$36.8K +1,000 +7%
SW
115
Schulz Wealth
Texas
$553K – – –
SSW
116
Smith Shellnut Wilson
Mississippi
$549K – – –
PSCM
117
Per Stirling Capital Management
Texas
$544K +$22.8K +619 +4%
CWM
118
Collaborative Wealth Management
Florida
$525K – – –
JSL
119
JT Stratford LLC
Georgia
$525K – – –
RCWM
120
Red Crane Wealth Management
California
$525K – – –
OCM
121
Orion Capital Management
California
$515K – – –
Mariner
122
Mariner
Kansas
$497K -$170K -4,627 -25%
FCP
123
Fidelis Capital Partners
Florida
$496K +$517K +14,030 New
ATPW
124
Ashton Thomas Private Wealth
Arizona
$490K +$94.6K +2,568 +23%
CCAL
125
City Center Advisors LLC
Michigan
$487K +$20K +542 +4%
3 4
5
6 7

PAPR Hedge Fund Activity: Q1 2025 in Review

198 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Power Buffer ETF April (PAPR) for Q1 2025, worth a combined $534M — down 9.6% from $590M a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of PAPR and 11 opened new positions — a net loss of 15 holders — while 90 trimmed existing stakes and 48 added.

The largest buyer was AllianceBernstein, adding an estimated $9.97M. The largest seller was Commonwealth Equity Services, cutting an estimated $14.9M.

  • 198 institutional investors held Innovator US Equity Power Buffer ETF April (PAPR) as of Q1 2025, down from 218 in Q4 2024.
  • Funds reported $534M of Innovator US Equity Power Buffer ETF April stock for Q1 2025, down 9.6% quarter-over-quarter.
  • 11 funds opened new Innovator US Equity Power Buffer ETF April positions in Q1 2025 and 26 closed out, a net change of -15 holders.
  • The largest Innovator US Equity Power Buffer ETF April buyer in Q1 2025 was AllianceBernstein, an estimated $9.97M added.
  • The largest Innovator US Equity Power Buffer ETF April seller in Q1 2025 was Commonwealth Equity Services, an estimated $14.9M sold.

Based on aggregated 13F filings for Q1 2025.