Innovator US Equity Power Buffer ETF September
PSEP
239 hedge funds and large institutions have $698M invested in Innovator US Equity Power Buffer ETF September in 2025 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 24 increasing their positions, 98 reducing their positions, and 18 closing their positions.
111% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 18
9% more funds holding
Funds holding: 219 → 239 (+20)
2.05% less ownership
Funds ownership: 79.12% → 77.07% (-2%)
11% less capital invested
Capital invested by funds: $781M → $698M (-$82.9M)
76% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 98
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lido Advisors
Los Angeles,
California
|
+$23.9M |
| 2 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$14.1M |
| 3 |
SAG
SageView Advisory Group
Newport Beach,
California
|
+$1.9M |
| 4 |
CIA
Cape Investment Advisory
Mcdonough,
Georgia
|
+$1.61M |
| 5 |
LPL Financial
San Diego,
California
|
+$1.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$29.2M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$26.5M |
| 3 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$15M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$12M |
| 5 |
Jane Street
New York
|
-$9.78M |
PSEP Hedge Fund Activity: Q4 2025 in Review
239 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Power Buffer ETF September (PSEP) for Q4 2025, worth a combined $698M — down 11% from $781M a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new PSEP positions and 18 closed out — a net gain of 20 holders — while 24 added to existing stakes and 98 trimmed.
The largest buyer was Lido Advisors, opening a new position worth an estimated $23.9M. The largest seller was Citadel Advisors, cutting an estimated $29.2M.
- 239 institutional investors held Innovator US Equity Power Buffer ETF September (PSEP) as of Q4 2025, up from 219 in Q3 2025.
- Funds reported $698M of Innovator US Equity Power Buffer ETF September stock for Q4 2025, down 11% quarter-over-quarter.
- 38 funds opened new Innovator US Equity Power Buffer ETF September positions in Q4 2025 and 18 closed out, a net change of +20 holders.
- The largest Innovator US Equity Power Buffer ETF September buyer in Q4 2025 was Lido Advisors, an estimated $23.9M added.
- The largest Innovator US Equity Power Buffer ETF September seller in Q4 2025 was Citadel Advisors, an estimated $29.2M sold.
Based on aggregated 13F filings for Q4 2025.