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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
USCWA
126
U.S. Capital Wealth Advisors
Texas
$510K -$232K -6,072 -32%
FCM
127
Firestone Capital Management
Florida
$499K – – –
RA
128
RFG Advisory
Alabama
$495K -$334K -8,752 -41%
HW
129
HORAN Wealth
Ohio
$474K +$451K +11,838 New
DFA
130
DHJJ Financial Advisors
Illinois
$465K – – –
AWAG
131
ARS Wealth Advisors Group
Florida
$464K -$63.7K -1,671 -13%
CCM
132
Coldstream Capital Management
Washington
$464K – – –
MWM
133
Modera Wealth Management
New Jersey
$461K – – –
Susquehanna International Group
134
Susquehanna International Group
Pennsylvania
$448K -$1.51M -39,708 -78%
GSIAS
135
Garden State Investment Advisory Services
New Jersey
$443K -$232K -6,075 -35%
DAS
136
Diversify Advisory Services
Utah
$436K – – –
OPA
137
Old Port Advisors
Maine
$426K – – –
LWM
138
Lakeridge Wealth Management
Ohio
$423K – – –
AFGAS
139
Allegiance Financial Group Advisory Services
Virginia
$419K – – –
FPAS
140
Focus Partners Advisor Solutions
Missouri
$419K +$399K +10,475 New
KFGG
141
Keystone Financial Group (Georgia)
Georgia
$418K -$14.1K -369 -3%
SOS
142
Silver Oak Securities
Tennessee
$418K -$58.9K -1,544 -13%
Mercer Global Advisors
143
Mercer Global Advisors
Colorado
$407K – – –
IWC
144
Integrated Wealth Concepts
Massachusetts
$405K – – –
KWS
145
Keystone Wealth Services
California
$385K – – –
PWA
146
Phoenix Wealth Advisors
North Carolina
$382K – – –
AWM
147
Axxcess Wealth Management
California
$381K – – –
SCA
148
Snowden Capital Advisors
New York
$378K – – –
CWS
149
Cypress Wealth Services
California
$354K – – –
Citadel Advisors
150
Citadel Advisors
Florida
$352K -$769K -20,170 -70%
4 5
6
7 8

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.