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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
RIS
126
Retirement Income Solutions
Michigan
$483K – – –
CPP
127
Capasso Planning Partners
South Carolina
$475K -$2.34M -63,495 -83%
AWP
128
Ascent Wealth Partners
New York
$473K -$1.08M -29,317 -69%
CB
129
Chris Bulman
California
$464K -$36.6K -995 -7%
Cerity Partners
130
Cerity Partners
New York
$462K +$31.1K +845 +7%
NFG
131
Nations Financial Group
Iowa
$461K +$101K +2,750 +27%
CAG
132
Compass Advisory Group
New York
$458K – – –
MA
133
Mutual Advisors
Nebraska
$456K -$44.9K -1,220 -9%
SFA
134
Sequoia Financial Advisors
Ohio
$427K – – –
SVWAG
135
Sound View Wealth Advisors Group
Georgia
$426K -$5.01K -136 -1%
CNWM
136
Clay Northam Wealth Management
California
$425K – – –
GSIAS
137
Garden State Investment Advisory Services
New Jersey
$421K -$5.53K -150 -1%
SWP
138
Sagespring Wealth Partners
Tennessee
$418K +$12.3K +333 +3%
IIA
139
Integral Investment Advisors
California
$415K – – –
KWM
140
Kingsview Wealth Management
Oregon
$411K – – –
WTFG
141
Wood Tarver Financial Group
Idaho
$409K +$35.1K +952 +9%
LBC
142
Leigh Baldwin & Co
New York
$396K -$55.2K -1,500 -12%
MAM
143
Milestone Asset Management
Pennsylvania
$375K – – –
USCWA
144
U.S. Capital Wealth Advisors
Texas
$358K +$37.7K +1,023 +11%
FFG
145
Fiduciary Financial Group
California
$355K +$75.2K +2,041 +25%
AWAG
146
ARS Wealth Advisors Group
Florida
$354K -$750K -20,350 -67%
CFD
147
Creative Financial Designs
Indiana
$353K +$773 +21 +0.2%
BWM
148
BCGM Wealth Management
Indiana
$349K – – –
JWCA
149
J.W. Cole Advisors
Florida
$347K +$358K +9,733 New
UBS Group
150
UBS Group
Switzerland
$346K +$357K +9,689 New
4 5
6
7 8

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.