Innovator US Equity Power Buffer ETF November
PNOV
227 hedge funds and large institutions have $790M invested in Innovator US Equity Power Buffer ETF November in 2025 Q4 according to their latest regulatory filings, with 64 funds opening new positions, 84 increasing their positions, 41 reducing their positions, and 14 closing their positions.
357% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 14
105% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 41
61% more capital invested
Capital invested by funds: $492M → $790M (+$298M)
28% more funds holding
Funds holding: 177 → 227 (+50)
2.44% more ownership
Funds ownership: 75.97% → 78.4% (+2.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$77.5M |
| 2 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
+$46.8M |
| 3 |
SPIA
Steward Partners Investment Advisory
New York
|
+$28.6M |
| 4 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$16.6M |
| 5 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
+$12.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$9.58M |
| 2 |
MSA
McAlister Sweet & Associates
Houston,
Texas
|
-$3.03M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$3M |
| 4 |
FPAS
Focus Partners Advisor Solutions
Saint Louis,
Missouri
|
-$2.96M |
| 5 |
KWS
Keystone Wealth Services
Palm Desert,
California
|
-$2.91M |
PNOV Hedge Fund Activity: Q4 2025 in Review
227 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Power Buffer ETF November (PNOV) for Q4 2025, worth a combined $790M — up 61% from $492M a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new PNOV positions and 14 closed out — a net gain of 50 holders — while 84 added to existing stakes and 41 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $77.5M. The largest seller was Kovitz Investment Group Partners, exiting entirely with an estimated $9.58M sold.
- 227 institutional investors held Innovator US Equity Power Buffer ETF November (PNOV) as of Q4 2025, up from 177 in Q3 2025.
- Funds reported $790M of Innovator US Equity Power Buffer ETF November stock for Q4 2025, up 61% quarter-over-quarter.
- 64 funds opened new Innovator US Equity Power Buffer ETF November positions in Q4 2025 and 14 closed out, a net change of +50 holders.
- The largest Innovator US Equity Power Buffer ETF November buyer in Q4 2025 was AllianceBernstein, an estimated $77.5M added.
- The largest Innovator US Equity Power Buffer ETF November seller in Q4 2025 was Kovitz Investment Group Partners, an estimated $9.58M sold.
Based on aggregated 13F filings for Q4 2025.