Innovator 20+ Year Treasury Bond 9 Buffer ETF July
TBJL
19 hedge funds and large institutions have $24.9M invested in Innovator 20+ Year Treasury Bond 9 Buffer ETF July in 2025 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 3 increasing their positions, 4 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
36% more funds holding
Funds holding: 14 → 19 (+5)
5% less capital invested
Capital invested by funds: $26.2M → $24.9M (-$1.28M)
2.9% less ownership
Funds ownership: 78.46% → 75.56% (-2.9%)
25% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 4
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$15M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$666K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$602K |
| 4 |
Jane Street
New York
|
+$244K |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$98K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LJAC
L.J. Altfest & Co
New York
|
-$16.3M |
| 2 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$776K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$259K |
| 4 |
DI
Diligent Investors
Redlands,
California
|
-$202K |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$19.4K |
TBJL Hedge Fund Activity: Q2 2025 in Review
19 of the 7,614 institutional investors tracked by Wall St. Rank reported a position in Innovator 20+ Year Treasury Bond 9 Buffer ETF July (TBJL) for Q2 2025, worth a combined $24.9M — down 4.9% from $26.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new TBJL positions and 2 closed out — a net gain of 5 holders — while 3 added to existing stakes and 4 trimmed.
The largest buyer was Commonwealth Equity Services, opening a new position worth an estimated $15M. The largest seller was L.J. Altfest & Co, cutting an estimated $16.3M.
- 19 institutional investors held Innovator 20+ Year Treasury Bond 9 Buffer ETF July (TBJL) as of Q2 2025, up from 14 in Q1 2025.
- Funds reported $24.9M of Innovator 20+ Year Treasury Bond 9 Buffer ETF July stock for Q2 2025, down 4.9% quarter-over-quarter.
- 7 funds opened new Innovator 20+ Year Treasury Bond 9 Buffer ETF July positions in Q2 2025 and 2 closed out, a net change of +5 holders.
- The largest Innovator 20+ Year Treasury Bond 9 Buffer ETF July buyer in Q2 2025 was Commonwealth Equity Services, an estimated $15M added.
- The largest Innovator 20+ Year Treasury Bond 9 Buffer ETF July seller in Q2 2025 was L.J. Altfest & Co, an estimated $16.3M sold.
Based on aggregated 13F filings for Q2 2025.