Innovator US Equity Power Buffer ETF November
PNOV
177 hedge funds and large institutions have $492M invested in Innovator US Equity Power Buffer ETF November in 2025 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 90 reducing their positions, and 11 closing their positions.
3% less funds holding
Funds holding: 183 → 177 (-6)
5.13% less ownership
Funds ownership: 81.1% → 75.97% (-5.1%)
9% less capital invested
Capital invested by funds: $541M → $492M (-$48.9M)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
83% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 90
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
+$4.69M |
| 2 |
RCM
Requisite Capital Management
Dallas,
Texas
|
+$1.81M |
| 3 |
Morgan Stanley
New York
|
+$1.4M |
| 4 |
FPAS
Focus Partners Advisor Solutions
Saint Louis,
Missouri
|
+$1.36M |
| 5 |
Mercer Global Advisors
Denver,
Colorado
|
+$1.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$36.7M |
| 2 |
CIA
Concurrent Investment Advisors
Tampa,
Florida
|
-$5.44M |
| 3 |
LC
Luminist Capital
Grand Rapids,
Michigan
|
-$3.91M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$3.78M |
| 5 |
SAG
SageView Advisory Group
Newport Beach,
California
|
-$3.23M |
PNOV Hedge Fund Activity: Q3 2025 in Review
177 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Power Buffer ETF November (PNOV) for Q3 2025, worth a combined $492M — down 9% from $541M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of PNOV and 8 opened new positions — a net loss of 3 holders — while 90 trimmed existing stakes and 15 added.
The largest buyer was Osaic Holdings, adding an estimated $4.69M. The largest seller was AllianceBernstein, cutting an estimated $36.7M.
- 177 institutional investors held Innovator US Equity Power Buffer ETF November (PNOV) as of Q3 2025, down from 183 in Q2 2025.
- Funds reported $492M of Innovator US Equity Power Buffer ETF November stock for Q3 2025, down 9% quarter-over-quarter.
- 8 funds opened new Innovator US Equity Power Buffer ETF November positions in Q3 2025 and 11 closed out, a net change of -3 holders.
- The largest Innovator US Equity Power Buffer ETF November buyer in Q3 2025 was Osaic Holdings, an estimated $4.69M added.
- The largest Innovator US Equity Power Buffer ETF November seller in Q3 2025 was AllianceBernstein, an estimated $36.7M sold.
Based on aggregated 13F filings for Q3 2025.