Innovator US Equity Power Buffer ETF August
PAUG
223 hedge funds and large institutions have $782M invested in Innovator US Equity Power Buffer ETF August in 2025 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 31 increasing their positions, 96 reducing their positions, and 11 closing their positions.
182% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 11
9% more funds holding
Funds holding: 204 → 223 (+19)
2.6% more ownership
Funds ownership: 79.23% → 81.83% (+2.6%)
2% less capital invested
Capital invested by funds: $795M → $782M (-$13.1M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
68% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 96
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$16.1M |
| 2 |
SL
Sentinus LLC
Oak Brook,
Illinois
|
+$7.76M |
| 3 |
BWM
BCS Wealth Management
Johnson City,
Tennessee
|
+$2.29M |
| 4 |
SAG
SageView Advisory Group
Newport Beach,
California
|
+$1.89M |
| 5 |
LPL Financial
San Diego,
California
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$16.7M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$9.16M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$6.76M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$5.34M |
| 5 |
Jane Street
New York
|
-$5.11M |
PAUG Hedge Fund Activity: Q4 2025 in Review
223 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Power Buffer ETF August (PAUG) for Q4 2025, worth a combined $782M — down 1.6% from $795M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new PAUG positions and 11 closed out — a net gain of 20 holders — while 31 added to existing stakes and 96 trimmed.
The largest buyer was Focus Partners Wealth, adding an estimated $16.1M. The largest seller was Kovitz Investment Group Partners, exiting entirely with an estimated $16.7M sold.
- 223 institutional investors held Innovator US Equity Power Buffer ETF August (PAUG) as of Q4 2025, up from 204 in Q3 2025.
- Funds reported $782M of Innovator US Equity Power Buffer ETF August stock for Q4 2025, down 1.6% quarter-over-quarter.
- 31 funds opened new Innovator US Equity Power Buffer ETF August positions in Q4 2025 and 11 closed out, a net change of +20 holders.
- The largest Innovator US Equity Power Buffer ETF August buyer in Q4 2025 was Focus Partners Wealth, an estimated $16.1M added.
- The largest Innovator US Equity Power Buffer ETF August seller in Q4 2025 was Kovitz Investment Group Partners, an estimated $16.7M sold.
Based on aggregated 13F filings for Q4 2025.