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Innovator US Equity Power Buffer ETF May
PMAY

176 hedge funds and large institutions have $479M invested in Innovator US Equity Power Buffer ETF May in 2026 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 14 increasing their positions, 80 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.66% less ownership

Funds ownership: 82.41% → 80.75% (-1.7%)

5% less capital invested

Capital invested by funds: $504M → $479M (-$25.6M)

5% less funds holding

Funds holding: 186 → 176 (-10)

35% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 17

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

83% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 80

Holders
176
Holders Change
-10
Holders Change %
-5.38%
% of All Funds
2.17%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.01%
New
11
Increased
14
Reduced
80
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$3.74M
2
KAS
Kestra Advisory Services
Texas
+$2.91M
3
BPA
Beacon Pointe Advisors
California
+$1.42M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.32M
5
PFGIA
Patriot Financial Group Insurance Agency
Massachusetts
+$1.28M

Top Sellers

Rank Fund Capital Flow
1
KWS
Keystone Wealth Services
California
-$9.39M
2
AllianceBernstein
AllianceBernstein
Tennessee
-$6.81M
3
Osaic Holdings
Osaic Holdings
Arizona
-$4.22M
4
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
-$1.57M
5
Raymond James Financial
Raymond James Financial
Florida
-$1.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
51
Advisory Alpha
Michigan
$1.48M -$5.17K -130 -0.4%
W
52
Wealthquest
Ohio
$1.42M – – –
CA
53
COFG Advisors
Illinois
$1.41M – – –
FCFC
54
First Commonwealth Financial Corp
Pennsylvania
$1.38M -$116K -2,911 -8%
Mercer Global Advisors
55
Mercer Global Advisors
Colorado
$1.3M -$1.24M -31,141 -49%
PWMG
56
Pinnacle Wealth Management Group
Michigan
$1.28M -$7.96K -200 -0.6%
BWM
57
BCGM Wealth Management
Indiana
$1.28M – – –
WCG
58
Weaver Consulting Group
California
$1.24M -$5.37K -135 -0.4%
GAA
59
Global Assets Advisory
Florida
$1.2M – – –
GCP
60
Gill Capital Partners
Colorado
$1.19M – – –
FMWA
61
Forvis Mazars Wealth Advisors
Missouri
$1.17M -$106K -2,655 -8%
SWA
62
Stratos Wealth Advisors
Ohio
$1.16M -$151K -3,789 -12%
EWM
63
Evermay Wealth Management
Virginia
$1.16M -$38.4K -965 -3%
BWS
64
BFI Wealth Solutions
Texas
$1.13M +$4.42K +111 +0.4%
G
65
GenTrust
Florida
$1.11M – – –
VWA
66
Visionary Wealth Advisors
Illinois
$1.1M -$508K -12,760 -32%
Q1WB
67
Quest 10 Wealth Builders
Virginia
$1.09M – – –
AFGAS
68
Allegiance Financial Group Advisory Services
Virginia
$1.07M – – –
CIA
69
Cape Investment Advisory
Georgia
$1M -$3.98K -100 -0.4%
VA
70
Valmark Advisers
Ohio
$1M -$382K -9,598 -28%
SWM
71
Spire Wealth Management
Virginia
$960K -$16K -401 -2%
LWM
72
Lakeridge Wealth Management
Ohio
$958K – – –
PWM
73
Palumbo Wealth Management
New York
$915K +$180K +4,526 +25%
BCM
74
Beck Capital Management
Texas
$874K -$24K -603 -3%
MML Investors Services
75
MML Investors Services
Massachusetts
$872K -$702K -17,628 -45%
1 2
3
4 5

PMAY Hedge Fund Activity: Q1 2026 in Review

176 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Power Buffer ETF May (PMAY) for Q1 2026, worth a combined $479M — down 5.1% from $504M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of PMAY and 11 opened new positions — a net loss of 6 holders — while 80 trimmed existing stakes and 14 added.

The largest buyer was Penserra Capital Management, adding an estimated $3.74M. The largest seller was Keystone Wealth Services, cutting an estimated $9.39M.

  • 176 institutional investors held Innovator US Equity Power Buffer ETF May (PMAY) as of Q1 2026, down from 186 in Q4 2025.
  • Funds reported $479M of Innovator US Equity Power Buffer ETF May stock for Q1 2026, down 5.1% quarter-over-quarter.
  • 11 funds opened new Innovator US Equity Power Buffer ETF May positions in Q1 2026 and 17 closed out, a net change of -6 holders.
  • The largest Innovator US Equity Power Buffer ETF May buyer in Q1 2026 was Penserra Capital Management, an estimated $3.74M added.
  • The largest Innovator US Equity Power Buffer ETF May seller in Q1 2026 was Keystone Wealth Services, an estimated $9.39M sold.

Based on aggregated 13F filings for Q1 2026.