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Innovator US Equity Power Buffer ETF September
PSEP

192 hedge funds and large institutions have $541M invested in Innovator US Equity Power Buffer ETF September in 2025 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 92 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

7.64% less ownership

Funds ownership: 79.63% → 71.99% (-7.6%)

9% less funds holding

Funds holding: 210 → 192 (-18)

26% less capital invested

Capital invested by funds: $727M → $541M (-$186M)

60% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 25

71% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 92

80% less funds holding in top 10

Funds holding in top 10: 5 → 1 (-4)

Holders
192
Holders Change
-18
Holders Change %
-8.57%
% of All Funds
2.57%
Holding in Top 10
1
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-80%
% of All Funds
0.01%
New
10
Increased
27
Reduced
92
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$5.15M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.4M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$1.75M
4
PCM
Penserra Capital Management
California
+$1.68M
5
SAG
SageView Advisory Group
California
+$1.08M

Top Sellers

Rank Fund Capital Flow
1
AWM
AE Wealth Management
Kansas
-$45M
2
AF
Allworth Financial
California
-$35.4M
3
BCM
Brookstone Capital Management
Illinois
-$29.3M
4
Raymond James Financial
Raymond James Financial
Florida
-$24.1M
5
JGCM
Joseph Group Capital Management
Ohio
-$16.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
101
Bank of Montreal
Ontario, Canada
$563K – – –
SWP
102
Summit Wealth Partners
Florida
$562K +$510 +13 +0.1%
TSW
103
Three Seasons Wealth
Utah
$551K – – –
WTFG
104
Wood Tarver Financial Group
Idaho
$543K +$34.3K +875 +7%
CA
105
Cannon Advisors
North Carolina
$537K -$23.8K -607 -4%
TF
106
Trek Financial
Arizona
$531K -$236K -6,017 -30%
IFG
107
Independent Financial Group
California
$530K – – –
UBS Group
108
UBS Group
Switzerland
$520K +$525K +13,362 +7,954%
USCWA
109
U.S. Capital Wealth Advisors
Texas
$512K +$11.8K +300 +2%
NCM
110
NCM Capital Management
New Jersey
$498K – – –
MMA
111
Miracle Mile Advisors
California
$478K +$7.97K +203 +2%
CCM
112
Coldstream Capital Management
Washington
$475K -$102K -2,601 -17%
AF
113
Allworth Financial
California
$470K -$35.4M -902,501 -99%
MHS
114
M Holdings Securities
Oregon
$467K – – –
TFS
115
Thoroughbred Financial Services
Tennessee
$455K – – –
SVWAG
116
Sound View Wealth Advisors Group
Georgia
$430K – – –
SB
117
Strategic Blueprint
Georgia
$427K -$94.6K -2,411 -18%
CA
118
Calton & Associates
Florida
$422K +$431K +10,992 New
Cerity Partners
119
Cerity Partners
New York
$410K – – –
BEI
120
Benjamin Edwards Inc
Missouri
$402K -$79 -2 -0%
SPIA
121
Steward Partners Investment Advisory
New York
$402K – – –
CPCM
122
Cardinal Point Capital Management
Ontario, Canada
$391K – – –
CG
123
Caprock Group
Idaho
$364K – – –
OCM
124
Orion Capital Management
California
$363K – – –
AWM
125
Axxcess Wealth Management
California
$361K +$369K +9,392 New
3 4
5
6 7

PSEP Hedge Fund Activity: Q1 2025 in Review

192 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Power Buffer ETF September (PSEP) for Q1 2025, worth a combined $541M — down 26% from $727M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of PSEP and 10 opened new positions — a net loss of 15 holders — while 92 trimmed existing stakes and 27 added.

The largest buyer was LPL Financial, adding an estimated $5.15M. The largest seller was AE Wealth Management, cutting an estimated $45M.

  • 192 institutional investors held Innovator US Equity Power Buffer ETF September (PSEP) as of Q1 2025, down from 210 in Q4 2024.
  • Funds reported $541M of Innovator US Equity Power Buffer ETF September stock for Q1 2025, down 26% quarter-over-quarter.
  • 10 funds opened new Innovator US Equity Power Buffer ETF September positions in Q1 2025 and 25 closed out, a net change of -15 holders.
  • The largest Innovator US Equity Power Buffer ETF September buyer in Q1 2025 was LPL Financial, an estimated $5.15M added.
  • The largest Innovator US Equity Power Buffer ETF September seller in Q1 2025 was AE Wealth Management, an estimated $45M sold.

Based on aggregated 13F filings for Q1 2025.