Innovator US Equity Power Buffer ETF November
PNOV
181 hedge funds and large institutions have $641M invested in Innovator US Equity Power Buffer ETF November in 2025 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 26 increasing their positions, 86 reducing their positions, and 11 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
64% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 11
3% more funds holding
Funds holding: 176 → 181 (+5)
0.88% more ownership
Funds ownership: 82.34% → 83.22% (+0.88%)
5% less capital invested
Capital invested by funds: $678M → $641M (-$36.6M)
70% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 86
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LC
Luminist Capital
Grand Rapids,
Michigan
|
+$5.98M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.03M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
+$1.7M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.64M |
| 5 |
SAG
SageView Advisory Group
Newport Beach,
California
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$11.6M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$8.56M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
-$2.98M |
| 4 |
RCM
Requisite Capital Management
Dallas,
Texas
|
-$2.64M |
| 5 |
SCA
Stuart Chaussee & Associates
Palos Verdes Estates,
California
|
-$2.44M |
PNOV Hedge Fund Activity: Q1 2025 in Review
181 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Power Buffer ETF November (PNOV) for Q1 2025, worth a combined $641M — down 5.4% from $678M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new PNOV positions and 11 closed out — a net gain of 7 holders — while 26 added to existing stakes and 86 trimmed.
The largest buyer was Luminist Capital, opening a new position worth an estimated $5.98M. The largest seller was AllianceBernstein, cutting an estimated $11.6M.
- 181 institutional investors held Innovator US Equity Power Buffer ETF November (PNOV) as of Q1 2025, up from 176 in Q4 2024.
- Funds reported $641M of Innovator US Equity Power Buffer ETF November stock for Q1 2025, down 5.4% quarter-over-quarter.
- 18 funds opened new Innovator US Equity Power Buffer ETF November positions in Q1 2025 and 11 closed out, a net change of +7 holders.
- The largest Innovator US Equity Power Buffer ETF November buyer in Q1 2025 was Luminist Capital, an estimated $5.98M added.
- The largest Innovator US Equity Power Buffer ETF November seller in Q1 2025 was AllianceBernstein, an estimated $11.6M sold.
Based on aggregated 13F filings for Q1 2025.