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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
BBHC
176
Brown Brothers Harriman & Co
New York
$231K – – –
BWM
177
BCGM Wealth Management
Indiana
$230K – – –
GS
178
GWN Securities
Florida
$223K -$2.82K -74 -1%
W
179
WorthPointe
California
$222K – – –
Corient Private Wealth
180
Corient Private Wealth
Florida
$220K – – –
SB
181
Strategic Blueprint
Georgia
$214K -$19.9K -523 -9%
ML
182
McAdam LLC
Pennsylvania
$213K +$203K +5,313 New
HSWM
183
Hubbell Strickland Wealth Management
Louisiana
$209K +$199K +5,231 New
CIA
184
Cape Investment Advisory
Georgia
$208K – – –
Carson Wealth (CWM LLC)
185
Carson Wealth (CWM LLC)
Nebraska
$207K +$3.51K +92 +2%
CS
186
Capital Square
Tennessee
$206K +$196K +5,131 New
DWM
187
Dakota Wealth Management
Florida
$206K +$196K +5,147 New
WIM
188
WealthPlan Investment Management
Nebraska
$205K +$196K +5,136 New
WA
189
Waddell & Associates
Tennessee
$201K +$192K +5,030 New
SMH
190
Sanders Morris Harris
Texas
$200K +$191K +5,000 New
AIC
191
Archer Investment Corporation
Indiana
$164K – – –
WP
192
WealthShield Partners
North Carolina
$140K – – –
PP
193
PFS Partners
New Jersey
$128K +$122K +3,200 New
BWM
194
Bernard Wealth Management
Michigan
$122K – – –
PS
195
Principal Securities
Iowa
$117K – – –
CFD
196
Creative Financial Designs
Indiana
$117K -$1.49K -39 -1%
AF
197
Allworth Financial
California
$112K +$38.1K +1,000 +55%
OP
198
ORG Partners
Indiana
$100K – – –
BBPWM
199
Blue Bell Private Wealth Management
Pennsylvania
$94.4K – – –
FNWA
200
Financial Network Wealth Advisors
Utah
$88.3K – – –
6 7
8
9 10

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.