AllianzIM Buffer20 Allocation ETF
SPBW
25 hedge funds and large institutions have $39.9M invested in AllianzIM Buffer20 Allocation ETF in 2025 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 5 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
100% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 5
45% more capital inflows, than outflows
Capital inflows: $16.5M | Capital outflows: $11.4M
32% more funds holding
Funds holding: 19 → 25 (+6)
1.16% less ownership
Funds ownership: 82.21% → 81.04% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz
Munich,
Germany
|
+$9.13M |
| 2 |
AE Wealth Management
Topeka,
Kansas
|
+$2.74M |
| 3 |
Independent Financial Group
San Diego,
California
|
+$1.05M |
| 4 |
Kestra Advisory Services
Austin,
Texas
|
+$972K |
| 5 |
NewEdge Advisors
New Orleans,
Louisiana
|
+$848K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Investment Management US
Minneapolis,
Minnesota
|
-$10M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$451K |
| 3 |
Harbour Investments
Madison,
Wisconsin
|
-$404K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$310K |
| 5 |
Strategic Financial Concepts
San Antonio,
Texas
|
-$225K |
SPBW Hedge Fund Activity: Q4 2025 in Review
25 of the 8,303 institutional investors tracked by Wall St. Rank reported a position in AllianzIM Buffer20 Allocation ETF (SPBW) for Q4 2025, worth a combined $39.9M — up 19% from $33.4M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new SPBW positions and 2 closed out — a net gain of 6 holders — while 10 added to existing stakes and 5 trimmed.
The largest buyer was Allianz, opening a new position worth an estimated $9.13M. The largest seller was Allianz Investment Management US, exiting entirely with an estimated $10M sold.
- 25 institutional investors held AllianzIM Buffer20 Allocation ETF (SPBW) as of Q4 2025, up from 19 in Q3 2025.
- Funds reported $39.9M of AllianzIM Buffer20 Allocation ETF stock for Q4 2025, up 19% quarter-over-quarter.
- 8 funds opened new AllianzIM Buffer20 Allocation ETF positions in Q4 2025 and 2 closed out, a net change of +6 holders.
- The largest AllianzIM Buffer20 Allocation ETF buyer in Q4 2025 was Allianz, an estimated $9.13M added.
- The largest AllianzIM Buffer20 Allocation ETF seller in Q4 2025 was Allianz Investment Management US, an estimated $10M sold.
Based on aggregated 13F filings for Q4 2025.