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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
IFG
126
Independent Financial Group
California
$352K – – –
WTFG
127
Wood Tarver Financial Group
Idaho
$350K – – –
OWA
128
Outlook Wealth Advisors
Texas
$344K -$54.9K -1,454 -14%
SPWM
129
Straight Path Wealth Management
Michigan
$336K +$1.25K +33 +0.4%
CVA
130
Central Valley Advisors
California
$326K – – –
IPW
131
Impact Partnership Wealth
Georgia
$321K – – –
RAS
132
RPS Advisory Solutions
Kentucky
$312K – – –
WS
133
Wedbush Securities
California
$309K – – –
NF
134
Nikulski Financial
Iowa
$306K – – –
AAP
135
Arax Advisory Partners
Colorado
$296K -$4.64K -123 -2%
CA
136
Calton & Associates
Florida
$286K -$15.3K -405 -5%
FFG
137
Foundry Financial Group
New Hampshire
$286K – – –
CWMK
138
Caliber Wealth Management (Kansas)
Kansas
$277K – – –
GA
139
Goldstein Advisors
Wisconsin
$276K – – –
SPC
140
Sigma Planning Corp
Michigan
$272K -$13.1K -346 -5%
FCP
141
Fidelis Capital Partners
Florida
$270K – – –
AFP
142
Ausdal Financial Partners
Iowa
$269K – – –
CPCM
143
Cardinal Point Capital Management
Ontario, Canada
$268K – – –
CNWM
144
Clay Northam Wealth Management
California
$254K – – –
LSIA
145
LaSalle St. Investment Advisors
Illinois
$248K -$13.1K -348 -5%
ML
146
McAdam LLC
Pennsylvania
$247K – – –
TWM
147
Tradition Wealth Management
Minnesota
$244K -$27K -716 -10%
PS
148
Principal Securities
Iowa
$241K -$15.5K -412 -6%
CAC
149
Certified Advisory Corp
Florida
$234K -$23.1K -611 -9%
MCM
150
Mitchell Capital Management
Kansas
$231K -$79.3K -2,101 -27%
4 5
6
7 8

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.