Innovator US Equity Power Buffer ETF January
PJAN
255 hedge funds and large institutions have $1.02B invested in Innovator US Equity Power Buffer ETF January in 2025 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 63 increasing their positions, 93 reducing their positions, and 26 closing their positions.
134% more capital inflows, than outflows
Capital inflows: $189M | Capital outflows: $80.7M
65% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 26
25% more funds holding in top 10
Funds holding in top 10: 8 → 10 (+2)
13.85% more ownership
Funds ownership: 72.25% → 86.1% (+14%)
7% more funds holding
Funds holding: 238 → 255 (+17)
32% less repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 93
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPIA
Steward Partners Investment Advisory
New York
|
+$69.5M |
| 2 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$21.5M |
| 3 |
LPL Financial
San Diego,
California
|
+$5.88M |
| 4 |
BIM
Bullseye Investment Management
Cincinnati,
Ohio
|
+$4.96M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$4.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$16.6M |
| 2 |
WCM
Weaver Capital Management
Suwanee,
Georgia
|
-$13M |
| 3 |
BEI
Benjamin Edwards Inc
Clayton,
Missouri
|
-$5.06M |
| 4 |
ES
Element Squared
Minneapolis,
Minnesota
|
-$4.26M |
| 5 |
CCG
Catalina Capital Group
Torrance,
California
|
-$3.88M |
PJAN Hedge Fund Activity: Q4 2025 in Review
255 of the 8,287 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Power Buffer ETF January (PJAN) for Q4 2025, worth a combined $1.02B — up 15% from $891M a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new PJAN positions and 26 closed out — a net gain of 17 holders — while 63 added to existing stakes and 93 trimmed.
The largest buyer was Steward Partners Investment Advisory, adding an estimated $69.5M. The largest seller was Kovitz Investment Group Partners, exiting entirely with an estimated $16.6M sold.
- 255 institutional investors held Innovator US Equity Power Buffer ETF January (PJAN) as of Q4 2025, up from 238 in Q3 2025.
- Funds reported $1.02B of Innovator US Equity Power Buffer ETF January stock for Q4 2025, up 15% quarter-over-quarter.
- 43 funds opened new Innovator US Equity Power Buffer ETF January positions in Q4 2025 and 26 closed out, a net change of +17 holders.
- The largest Innovator US Equity Power Buffer ETF January buyer in Q4 2025 was Steward Partners Investment Advisory, an estimated $69.5M added.
- The largest Innovator US Equity Power Buffer ETF January seller in Q4 2025 was Kovitz Investment Group Partners, an estimated $16.6M sold.
Based on aggregated 13F filings for Q4 2025.