Innovator US Equity Power Buffer ETF May
PMAY
171 hedge funds and large institutions have $522M invested in Innovator US Equity Power Buffer ETF May in 2025 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 80 reducing their positions, and 17 closing their positions.
2.23% more ownership
Funds ownership: 79.92% → 82.15% (+2.2%)
3% more capital invested
Capital invested by funds: $508M → $522M (+$13.9M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
6% less funds holding
Funds holding: 182 → 171 (-11)
41% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 17
79% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 80
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAP
Arax Advisory Partners
Denver,
Colorado
|
+$17.4M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$5.93M |
| 3 |
Jane Street
New York
|
+$5.76M |
| 4 |
GAA
Global Assets Advisory
Orlando,
Florida
|
+$1.17M |
| 5 |
PS
Principal Securities
Des Moines,
Iowa
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
-$6.54M |
| 2 |
SAG
SageView Advisory Group
Newport Beach,
California
|
-$2.22M |
| 3 |
YWS
Yarger Wealth Strategies
Westerville,
Ohio
|
-$2M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$1.71M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$1.64M |
PMAY Hedge Fund Activity: Q3 2025 in Review
171 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Power Buffer ETF May (PMAY) for Q3 2025, worth a combined $522M — up 2.7% from $508M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of PMAY and 10 opened new positions — a net loss of 7 holders — while 80 trimmed existing stakes and 17 added.
The largest buyer was Arax Advisory Partners, adding an estimated $17.4M. The largest seller was Raymond James Financial, cutting an estimated $6.54M.
- 171 institutional investors held Innovator US Equity Power Buffer ETF May (PMAY) as of Q3 2025, down from 182 in Q2 2025.
- Funds reported $522M of Innovator US Equity Power Buffer ETF May stock for Q3 2025, up 2.7% quarter-over-quarter.
- 10 funds opened new Innovator US Equity Power Buffer ETF May positions in Q3 2025 and 17 closed out, a net change of -7 holders.
- The largest Innovator US Equity Power Buffer ETF May buyer in Q3 2025 was Arax Advisory Partners, an estimated $17.4M added.
- The largest Innovator US Equity Power Buffer ETF May seller in Q3 2025 was Raymond James Financial, an estimated $6.54M sold.
Based on aggregated 13F filings for Q3 2025.