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Innovator US Equity Power Buffer ETF December
PDEC

214 hedge funds and large institutions have $851M invested in Innovator US Equity Power Buffer ETF December in 2025 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 56 increasing their positions, 74 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 13

6% more capital invested

Capital invested by funds: $806M → $851M (+$45.2M)

3% more funds holding

Funds holding: 208 → 214 (+6)

0.96% less ownership

Funds ownership: 80.16% → 79.2% (-0.96%)

24% less repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 74

75% less funds holding in top 10

Funds holding in top 10: 4 → 1 (-3)

Holders
214
Holders Change
+6
Holders Change %
+2.88%
% of All Funds
2.82%
Holding in Top 10
1
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-75%
% of All Funds
0.01%
New
21
Increased
56
Reduced
74
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Cerity Partners
Cerity Partners
New York
+$23.2M
2
PCM
Penserra Capital Management
California
+$8.34M
3
HI
Harbour Investments
Wisconsin
+$7.99M
4
SAG
SageView Advisory Group
California
+$2.33M
5
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$1.69M

Top Sellers

Rank Fund Capital Flow
1
SI
Stephens Inc
Arkansas
-$23.1M
2
Pathstone Holdings
Pathstone Holdings
New Jersey
-$8.07M
3
CAM
Cresset Asset Management
Illinois
-$5.44M
4
TC
TownSquare Capital
Utah
-$3.79M
5
HWM
HB Wealth Management
Georgia
-$3.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
SWM
101
Spire Wealth Management
Virginia
$773K – – –
Jane Street
102
Jane Street
New York
$762K +$727K +19,053 New
SWP
103
Sagespring Wealth Partners
Tennessee
$756K +$3.89K +102 +0.5%
AF
104
Advisornet Financial
Minnesota
$752K – – –
PF
105
Phoenix Financial
Israel
$744K – – –
CG
106
Castellan Group
Kentucky
$707K – – –
Q1WB
107
Quest 10 Wealth Builders
Virginia
$681K – – –
HA
108
Helium Advisors
Washington
$676K – – –
TC
109
TownSquare Capital
Utah
$655K -$3.79M -99,436 -86%
CAPTRUST Financial Advisors
110
CAPTRUST Financial Advisors
North Carolina
$650K – – –
CAG
111
Csenge Advisory Group
Florida
$650K – – –
CTFG
112
Capstone Triton Financial Group
Oklahoma
$648K +$618K +16,205 New
AGWCA
113
Annis Gardner Whiting Capital Advisors
Florida
$647K +$307K +8,045 +99%
AFP
114
Ausdal Financial Partners
Iowa
$626K – – –
W
115
WPWealth
Texas
$613K – – –
EWA
116
Evolution Wealth Advisors
Florida
$572K – – –
HAS
117
HBW Advisory Services
California
$565K -$10.4K -274 -2%
CFP
118
Cypress Financial Planning
New Jersey
$565K -$6.41K -168 -1%
MAM
119
MMA Asset Management
Pennsylvania
$551K +$246K +6,459 +88%
WC
120
Waterloo Capital
Texas
$548K – – –
DAS
121
Dynamic Advisor Solutions
Arizona
$540K +$515K +13,505 New
CWG
122
Cornerstone Wealth Group
North Carolina
$526K – – –
WIA
123
World Investment Advisors
California
$526K -$266K -6,965 -35%
BFA
124
Beacon Financial Advisory
Ohio
$512K +$44.3K +1,163 +10%
SPC
125
Sigma Planning Corp
Michigan
$510K +$29.8K +782 +7%
3 4
5
6 7

PDEC Hedge Fund Activity: Q2 2025 in Review

214 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Power Buffer ETF December (PDEC) for Q2 2025, worth a combined $851M — up 5.6% from $806M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new PDEC positions and 13 closed out — a net gain of 8 holders — while 56 added to existing stakes and 74 trimmed.

The largest buyer was Cerity Partners, adding an estimated $23.2M. The largest seller was Stephens Inc, exiting entirely with an estimated $23.1M sold.

  • 214 institutional investors held Innovator US Equity Power Buffer ETF December (PDEC) as of Q2 2025, up from 208 in Q1 2025.
  • Funds reported $851M of Innovator US Equity Power Buffer ETF December stock for Q2 2025, up 5.6% quarter-over-quarter.
  • 21 funds opened new Innovator US Equity Power Buffer ETF December positions in Q2 2025 and 13 closed out, a net change of +8 holders.
  • The largest Innovator US Equity Power Buffer ETF December buyer in Q2 2025 was Cerity Partners, an estimated $23.2M added.
  • The largest Innovator US Equity Power Buffer ETF December seller in Q2 2025 was Stephens Inc, an estimated $23.1M sold.

Based on aggregated 13F filings for Q2 2025.