Innovator US Equity Power Buffer ETF November
PNOV
211 hedge funds and large institutions have $735M invested in Innovator US Equity Power Buffer ETF November in 2026 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 30 increasing their positions, 94 reducing their positions, and 26 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
1.47% more ownership
Funds ownership: 78.4% → 79.87% (+1.5%)
7% less capital invested
Capital invested by funds: $790M → $735M (-$54.9M)
7% less funds holding
Funds holding: 227 → 211 (-16)
54% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 26
68% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 94
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BMM
Berkshire Money Management
Dalton,
Massachusetts
|
+$24.5M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
+$3.7M |
| 3 |
SG
Sherry Group
Mountain Home,
Arkansas
|
+$3.35M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.06M |
| 5 |
KWS
Keystone Wealth Services
Palm Desert,
California
|
+$2.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPIA
Steward Partners Investment Advisory
New York
|
-$28.9M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$10.8M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$9.38M |
| 4 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$8.66M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$4.33M |
PNOV Hedge Fund Activity: Q1 2026 in Review
211 of the 8,177 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Power Buffer ETF November (PNOV) for Q1 2026, worth a combined $735M — down 7% from $790M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of PNOV and 12 opened new positions — a net loss of 14 holders — while 94 trimmed existing stakes and 30 added.
The largest buyer was Berkshire Money Management, adding an estimated $24.5M. The largest seller was Steward Partners Investment Advisory, cutting an estimated $28.9M.
- 211 institutional investors held Innovator US Equity Power Buffer ETF November (PNOV) as of Q1 2026, down from 227 in Q4 2025.
- Funds reported $735M of Innovator US Equity Power Buffer ETF November stock for Q1 2026, down 7% quarter-over-quarter.
- 12 funds opened new Innovator US Equity Power Buffer ETF November positions in Q1 2026 and 26 closed out, a net change of -14 holders.
- The largest Innovator US Equity Power Buffer ETF November buyer in Q1 2026 was Berkshire Money Management, an estimated $24.5M added.
- The largest Innovator US Equity Power Buffer ETF November seller in Q1 2026 was Steward Partners Investment Advisory, an estimated $28.9M sold.
Based on aggregated 13F filings for Q1 2026.