Innovator US Equity Power Buffer ETF April
PAPR
200 hedge funds and large institutions have $535M invested in Innovator US Equity Power Buffer ETF April in 2025 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 49 increasing their positions, 91 reducing their positions, and 26 closing their positions.
4.51% more ownership
Funds ownership: 77.71% → 82.22% (+4.5%)
9% less funds holding
Funds holding: 219 → 200 (-19)
46% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 91
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
52% less capital inflows, than outflows
Capital inflows: $34.3M | Capital outflows: $71.7M
58% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$10M |
| 2 |
LPL Financial
San Diego,
California
|
+$2.88M |
| 3 |
Heritage Wealth Partners
Dublin,
Ohio
|
+$2.73M |
| 4 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$2.63M |
| 5 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$2.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$14.9M |
| 2 |
Caprock Group
Boise,
Idaho
|
-$9.9M |
| 3 |
Steward Partners Investment Advisory
New York
|
-$4.65M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$4.61M |
| 5 |
Belpointe Asset Management
Reno,
Nevada
|
-$2.72M |
PAPR Hedge Fund Activity: Q1 2025 in Review
200 of the 7,481 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 $535M — down 9.5% 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 91 trimmed existing stakes and 49 added.
The largest buyer was AllianceBernstein, adding an estimated $10M. The largest seller was Commonwealth Equity Services, cutting an estimated $14.9M.
- 200 institutional investors held Innovator US Equity Power Buffer ETF April (PAPR) as of Q1 2025, down from 219 in Q4 2024.
- Funds reported $535M of Innovator US Equity Power Buffer ETF April stock for Q1 2025, down 9.5% 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 $10M 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.