AllianzIM Buffer20 Allocation ETF
SPBW
19 hedge funds and large institutions have $33.4M invested in AllianzIM Buffer20 Allocation ETF in 2025 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 3 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
267% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 3
19% more funds holding
Funds holding: 16 → 19 (+3)
7.5% less ownership
Funds ownership: 89.71% → 82.21% (-7.5%)
29% less capital inflows, than outflows
Capital inflows: $5.5M | Capital outflows: $7.78M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kestra Advisory Services
Austin,
Texas
|
+$2.03M |
| 2 |
AE Wealth Management
Topeka,
Kansas
|
+$1.56M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$477K |
| 4 |
Independent Financial Group
San Diego,
California
|
+$302K |
| 5 |
Strategic Financial Concepts
San Antonio,
Texas
|
+$221K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Investment Management US
Minneapolis,
Minnesota
|
-$4.17M |
| 2 |
Harbour Investments
Madison,
Wisconsin
|
-$2.9M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$408K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$309K |
SPBW Hedge Fund Activity: Q3 2025 in Review
19 of the 7,661 institutional investors tracked by Wall St. Rank reported a position in AllianzIM Buffer20 Allocation ETF (SPBW) for Q3 2025, worth a combined $33.4M — down 2% from $34.1M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new SPBW positions and 1 closed out — a net gain of 3 holders — while 11 added to existing stakes and 3 trimmed.
The largest buyer was Kestra Advisory Services, adding an estimated $2.03M. The largest seller was Allianz Investment Management US, cutting an estimated $4.17M.
- 19 institutional investors held AllianzIM Buffer20 Allocation ETF (SPBW) as of Q3 2025, up from 16 in Q2 2025.
- Funds reported $33.4M of AllianzIM Buffer20 Allocation ETF stock for Q3 2025, down 2% quarter-over-quarter.
- 4 funds opened new AllianzIM Buffer20 Allocation ETF positions in Q3 2025 and 1 closed out, a net change of +3 holders.
- The largest AllianzIM Buffer20 Allocation ETF buyer in Q3 2025 was Kestra Advisory Services, an estimated $2.03M added.
- The largest AllianzIM Buffer20 Allocation ETF seller in Q3 2025 was Allianz Investment Management US, an estimated $4.17M sold.
Based on aggregated 13F filings for Q3 2025.