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Innovator US Equity Power Buffer ETF January
PJAN

246 hedge funds and large institutions have $975M invested in Innovator US Equity Power Buffer ETF January in 2025 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 57 increasing their positions, 96 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 16

29% more funds holding in top 10

Funds holding in top 10: 7 → 9 (+2)

9% more capital invested

Capital invested by funds: $897M → $975M (+$78.4M)

2% more funds holding

Funds holding: 242 → 246 (+4)

0.41% more ownership

Funds ownership: 74.68% → 75.09% (+0.41%)

41% less repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 96

Holders
246
Holders Change
+4
Holders Change %
+1.65%
% of All Funds
3.24%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.12%
New
21
Increased
57
Reduced
96
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$12.8M
2
LIWM
Long Island Wealth Management
New York
+$12.5M
3
PCM
Penserra Capital Management
California
+$7.49M
4
CCG
Catalina Capital Group
California
+$4.87M
5
BCI
Brinker Capital Investments
Pennsylvania
+$3.96M

Top Sellers

Rank Fund Capital Flow
1
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
-$7.44M
2
Osaic Holdings
Osaic Holdings
Arizona
-$4.14M
3
MML Investors Services
MML Investors Services
Massachusetts
-$3.42M
4
RCWM
Red Crane Wealth Management
California
-$3.1M
5
AllianceBernstein
AllianceBernstein
Tennessee
-$2.91M
Name Holding Trade Value Shares
Change 		Change in
Stake
AAP
176
Arax Advisory Partners
Colorado
$362K -$126 -3 -0%
BMM
177
Berkshire Money Management
Massachusetts
$361K – – –
APP
178
Avantax Planning Partners
Iowa
$361K – – –
CPCM
179
Cardinal Point Capital Management
Ontario, Canada
$351K – – –
BFG
180
Berger Financial Group
Minnesota
$349K – – –
SB
181
Strategic Blueprint
Georgia
$349K -$2.73K -65 -0.8%
CWG
182
Cornerstone Wealth Group
North Carolina
$347K – – –
NFG
183
Nations Financial Group
Iowa
$345K -$210 -5 -0.1%
AFGAS
184
Allegiance Financial Group Advisory Services
Virginia
$334K -$35.1K -835 -10%
FPAS
185
Focus Partners Advisor Solutions
Missouri
$334K +$319K +7,585 New
CC
186
Commons Capital
Massachusetts
$334K +$318K +7,582 New
CIA
187
Cape Investment Advisory
Georgia
$333K – – –
MW
188
Maia Wealth
Colorado
$326K -$38.6K -919 -11%
SWP
189
Sagespring Wealth Partners
Tennessee
$326K +$16.2K +385 +5%
VPF
190
Vantage Point Financial
Illinois
$323K +$308K +7,332 New
JWCA
191
J.W. Cole Advisors
Florida
$322K – – –
AIC
192
Archer Investment Corporation
Indiana
$308K – – –
SPWM
193
Straight Path Wealth Management
Michigan
$305K +$35.8K +853 +14%
MFG
194
Merit Financial Group
Georgia
$301K +$287K +6,832 New
SEIA
195
Signature Estate & Investment Advisors
California
$300K +$53.3K +1,269 +23%
MW
196
MBL Wealth
North Carolina
$298K – – –
CPP
197
Capasso Planning Partners
South Carolina
$297K -$2.43M -57,935 -90%
AWA
198
Arete Wealth Advisors
Illinois
$291K – – –
Cerity Partners
199
Cerity Partners
New York
$291K +$277K +6,605 New
CCM
200
Coldstream Capital Management
Washington
$281K – – –
6 7
8
9 10

PJAN Hedge Fund Activity: Q2 2025 in Review

246 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Power Buffer ETF January (PJAN) for Q2 2025, worth a combined $975M — up 8.7% from $897M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new PJAN positions and 16 closed out — a net gain of 5 holders — while 57 added to existing stakes and 96 trimmed.

The largest buyer was Commonwealth Equity Services, adding an estimated $12.8M. The largest seller was Wealth Enhancement Advisory Services, cutting an estimated $7.44M.

  • 246 institutional investors held Innovator US Equity Power Buffer ETF January (PJAN) as of Q2 2025, up from 242 in Q1 2025.
  • Funds reported $975M of Innovator US Equity Power Buffer ETF January stock for Q2 2025, up 8.7% quarter-over-quarter.
  • 21 funds opened new Innovator US Equity Power Buffer ETF January positions in Q2 2025 and 16 closed out, a net change of +5 holders.
  • The largest Innovator US Equity Power Buffer ETF January buyer in Q2 2025 was Commonwealth Equity Services, an estimated $12.8M added.
  • The largest Innovator US Equity Power Buffer ETF January seller in Q2 2025 was Wealth Enhancement Advisory Services, an estimated $7.44M sold.

Based on aggregated 13F filings for Q2 2025.