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Innovator US Equity Power Buffer ETF November
PNOV

183 hedge funds and large institutions have $541M invested in Innovator US Equity Power Buffer ETF November in 2025 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 26 increasing their positions, 76 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 12

2% more funds holding

Funds holding: 180 → 183 (+3)

2.04% less ownership

Funds ownership: 83.14% → 81.1% (-2%)

16% less capital invested

Capital invested by funds: $640M → $541M (-$99.5M)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

66% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 76

Holders
183
Holders Change
+3
Holders Change %
+1.67%
% of All Funds
2.41%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
15
Increased
26
Reduced
76
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$7.11M
2
MFG
Merit Financial Group
Georgia
+$1.89M
3
Osaic Holdings
Osaic Holdings
Arizona
+$1.8M
4
OIA
OneDigital Investment Advisors
Kansas
+$1.71M
5
FPAS
Focus Partners Advisor Solutions
Missouri
+$1.42M

Top Sellers

Rank Fund Capital Flow
1
SCA
Stuart Chaussee & Associates
California
-$94.1M
2
BCM
Brookstone Capital Management
Illinois
-$28.9M
3
AllianceBernstein
AllianceBernstein
Tennessee
-$11.9M
4
BWM
Buska Wealth Management
Wisconsin
-$3.11M
5
TPW
Talon Private Wealth
Florida
-$2.01M
Name Holding Trade Value Shares
Change 		Change in
Stake
SAG
26
SageView Advisory Group
California
$3.23M +$254K +6,731 +9%
KWS
27
Keystone Wealth Services
California
$3.01M – – –
NFG
28
Nations Financial Group
Iowa
$3M -$51.4K -1,362 -2%
OIA
29
OneDigital Investment Advisors
Kansas
$2.95M +$1.71M +45,259 +154%
MSA
30
McAlister Sweet & Associates
Texas
$2.93M -$1.13K -30 -0%
CAAM
31
Cornerstone Advisors Asset Management
Pennsylvania
$2.78M – – –
MML Investors Services
32
MML Investors Services
Massachusetts
$2.75M +$22.4K +593 +0.9%
JCM
33
Jacobi Capital Management
Pennsylvania
$2.67M -$283K -7,500 -10%
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$2.6M +$17.3K +459 +0.7%
KWM
35
KFG Wealth Management
Indiana
$2.25M +$5.96K +158 +0.3%
AWM
36
Atticus Wealth Management
Florida
$2.23M – – –
MCM
37
MAI Capital Management
Ohio
$2.19M -$33.3K -882 -2%
WA
38
Wealth Alliance
New York
$2.17M – – –
MFG
39
MTM Financial Group
Pennsylvania
$2M -$12.3K -325 -0.6%
OMC
40
Old Mission Capital
Illinois
$1.99M +$698K +18,507 +58%
MFG
41
Merit Financial Group
Georgia
$1.98M +$1.89M +50,146 New
SEP
42
Southland Equity Partners
Missouri
$1.93M – – –
Susquehanna International Group
43
Susquehanna International Group
Pennsylvania
$1.89M -$826K -21,889 -31%
BBPWM
44
Blue Bell Private Wealth Management
Pennsylvania
$1.87M -$25.4K -672 -1%
CFS
45
CRA Financial Services
New Jersey
$1.83M -$28.3K -750 -2%
BWM
46
BCS Wealth Management
Tennessee
$1.58M -$99.5K -2,637 -6%
RIS
47
Retirement Income Solutions
Michigan
$1.57M – – –
PWA
48
Prairie Wealth Advisors
Nebraska
$1.55M -$7.73K -205 -0.5%
AA
49
Armis Advisers
Georgia
$1.53M – – –
FPAS
50
Focus Partners Advisor Solutions
Missouri
$1.49M +$1.42M +37,745 New
1
2
3 4 5

PNOV Hedge Fund Activity: Q2 2025 in Review

183 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Power Buffer ETF November (PNOV) for Q2 2025, worth a combined $541M — down 16% from $640M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new PNOV positions and 12 closed out — a net gain of 3 holders — while 26 added to existing stakes and 76 trimmed.

The largest buyer was Penserra Capital Management, adding an estimated $7.11M. The largest seller was Stuart Chaussee & Associates, cutting an estimated $94.1M.

  • 183 institutional investors held Innovator US Equity Power Buffer ETF November (PNOV) as of Q2 2025, up from 180 in Q1 2025.
  • Funds reported $541M of Innovator US Equity Power Buffer ETF November stock for Q2 2025, down 16% quarter-over-quarter.
  • 15 funds opened new Innovator US Equity Power Buffer ETF November positions in Q2 2025 and 12 closed out, a net change of +3 holders.
  • The largest Innovator US Equity Power Buffer ETF November buyer in Q2 2025 was Penserra Capital Management, an estimated $7.11M added.
  • The largest Innovator US Equity Power Buffer ETF November seller in Q2 2025 was Stuart Chaussee & Associates, an estimated $94.1M sold.

Based on aggregated 13F filings for Q2 2025.