Innovator US Equity Power Buffer ETF April
PAPR
231 hedge funds and large institutions have $617M 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, 95 reducing their positions, and 16 closing their positions.
125% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 16
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%)
0% less capital invested
Capital invested by funds: $619M → $617M (-$2.49M)
56% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 95
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$9.9M |
| 2 |
SL
Sentinus LLC
Oak Brook,
Illinois
|
+$4.88M |
| 3 |
SAW
Signal Advisors Wealth
Detroit,
Michigan
|
+$4.06M |
| 4 |
BWM
BCS Wealth Management
Johnson City,
Tennessee
|
+$1.79M |
| 5 |
WIA
World Investment Advisors
Santa Barbara,
California
|
+$1.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$15.5M |
| 2 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$10.2M |
| 3 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
-$5.08M |
| 4 |
KWM
KFG Wealth Management
Granger,
Indiana
|
-$3.98M |
| 5 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
-$3.54M |
PAPR Hedge Fund Activity: Q4 2025 in Review
231 of the 8,269 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 $617M — down 0.4% from $619M a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new PAPR positions and 16 closed out — a net gain of 20 holders — while 42 added to existing stakes and 95 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 $617M of Innovator US Equity Power Buffer ETF April stock for Q4 2025, down 0.4% quarter-over-quarter.
- 36 funds opened new Innovator US Equity Power Buffer ETF April positions in Q4 2025 and 16 closed out, a net change of +20 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.