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Innovator US Equity Power Buffer ETF April
PAPR

231 hedge funds and large institutions have $611M invested in Innovator US Equity Power Buffer ETF April in 2025 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 42 increasing their positions, 96 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 15

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

9% more funds holding

Funds holding: 212 → 231 (+19)

3.13% more ownership

Funds ownership: 75.17% → 78.3% (+3.1%)

1% less capital invested

Capital invested by funds: $619M → $611M (-$8.22M)

56% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 96

Holders
231
Holders Change
+19
Holders Change %
+8.96%
% of All Funds
2.81%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.02%
New
36
Increased
42
Reduced
96
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Focus Partners Wealth
Focus Partners Wealth
Massachusetts
+$9.9M
2
SL
Sentinus LLC
Illinois
+$4.88M
3
SAW
Signal Advisors Wealth
Michigan
+$4.06M
4
BWM
BCS Wealth Management
Tennessee
+$1.79M
5
WIA
World Investment Advisors
California
+$1.71M

Top Sellers

1
Jane Street
Jane Street
New York
-$15.5M
2
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
-$10.2M
3
FIA
Foundations Investment Advisors
Arizona
-$5.08M
4
KWM
KFG Wealth Management
Indiana
-$3.98M
5
BAM
Belpointe Asset Management
Nevada
-$3.54M
Name Holding Trade Value Shares
Change 		Change in
Stake
WCG
101
Weaver Consulting Group
California
$883K -$38.7K -1,000 -4%
CWG
102
Cornerstone Wealth Group
North Carolina
$883K – – –
Q1WB
103
Quest 10 Wealth Builders
Virginia
$863K -$30.1K -778 -3%
AFG
104
Atomi Financial Group
New York
$846K – – –
BWAM
105
Blue Water Asset Management
Michigan
$839K +$829K +21,450 New
CWM
106
Collaborative Wealth Management
Florida
$829K – – –
HAS
107
HBW Advisory Services
California
$813K -$31K -802 -4%
BZWA
108
Blue Zone Wealth Advisors
California
$805K +$796K +20,579 New
WC
109
Waterloo Capital
Texas
$786K – – –
CIA
110
Concurrent Investment Advisors
Florida
$786K +$44.6K +1,155 +6%
IFG
111
Independent Financial Group
California
$776K – – –
AWM
112
Atticus Wealth Management
Florida
$776K -$1.93K -50 -0.3%
PF
113
Phoenix Financial
Israel
$771K -$130K -3,365 -15%
FCFC
114
First Commonwealth Financial Corp
Pennsylvania
$765K -$15.7K -405 -2%
CCAL
115
City Center Advisors LLC
Michigan
$757K +$60.5K +1,565 +9%
Citadel Advisors
116
Citadel Advisors
Florida
$746K -$666K -17,225 -47%
YWS
117
Yarger Wealth Strategies
Ohio
$739K – – –
OFS
118
Opus Financial Solutions
Illinois
$738K +$729K +18,861 New
FTEA
119
Forty-three Eighteen Advisors
Arkansas
$731K +$722K +18,676 New
PPF
120
Pacific Park Financial
California
$727K +$719K +18,594 New
LAA
121
Liberty Atlantic Advisors
Texas
$703K +$695K +17,970 New
HA
122
Helium Advisors
Washington
$692K -$122K -3,156 -15%
VBFP
123
Valtinson Bruner Financial Planning
Minnesota
$674K -$734 -19 -0.1%
MOS
124
MGO One Seven
Ohio
$660K – – –
MSFS
125
Main Street Financial Solutions
Pennsylvania
$644K – – –
3 4
5
6 7

PAPR Hedge Fund Activity: Q4 2025 in Review

231 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Power Buffer ETF April (PAPR) for Q4 2025, worth a combined $611M — down 1.3% from $619M a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new PAPR positions and 15 closed out — a net gain of 21 holders — while 42 added to existing stakes and 96 trimmed.

The largest buyer was Focus Partners Wealth, adding an estimated $9.9M. The largest seller was Jane Street, exiting entirely with an estimated $15.5M sold.

  • 231 institutional investors held Innovator US Equity Power Buffer ETF April (PAPR) as of Q4 2025, up from 212 in Q3 2025.
  • Funds reported $611M of Innovator US Equity Power Buffer ETF April stock for Q4 2025, down 1.3% quarter-over-quarter.
  • 36 funds opened new Innovator US Equity Power Buffer ETF April positions in Q4 2025 and 15 closed out, a net change of +21 holders.
  • The largest Innovator US Equity Power Buffer ETF April buyer in Q4 2025 was Focus Partners Wealth, an estimated $9.9M added.
  • The largest Innovator US Equity Power Buffer ETF April seller in Q4 2025 was Jane Street, an estimated $15.5M sold.

Based on aggregated 13F filings for Q4 2025.