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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$7.11M |
| 2 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
+$1.89M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.8M |
| 4 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
+$1.71M |
| 5 |
FPAS
Focus Partners Advisor Solutions
Saint Louis,
Missouri
|
+$1.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Stuart Chaussee & Associates
Palos Verdes Estates,
California
|
-$94.1M |
| 2 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$28.9M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$11.9M |
| 4 |
BWM
Buska Wealth Management
Wausau,
Wisconsin
|
-$3.11M |
| 5 |
TPW
Talon Private Wealth
The Villages,
Florida
|
-$2.01M |
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.