Innovator 20+ Year Treasury Bond 9 Buffer ETF July
TBJL
15 hedge funds and large institutions have $22.9M invested in Innovator 20+ Year Treasury Bond 9 Buffer ETF July in 2025 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 5 reducing their positions, and 5 closing their positions.
8% less capital invested
Capital invested by funds: $24.9M → $22.9M (-$2.05M)
20% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 5
21% less funds holding
Funds holding: 19 → 15 (-4)
69.51% less ownership
Funds ownership: 146.68% → 77.18% (-70%)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$434K |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$262K |
| 3 |
Jane Street
New York
|
+$179K |
| 4 |
ATPW
Ashton Thomas Private Wealth
Scottsdale,
Arizona
|
+$16.1K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$9.84K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$1.33M |
| 2 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$716K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$605K |
| 4 |
LJAC
L.J. Altfest & Co
New York
|
-$122K |
| 5 |
CFS
Compass Financial Services
West Des Moines,
Iowa
|
-$99.9K |
TBJL Hedge Fund Activity: Q3 2025 in Review
15 of the 7,622 institutional investors tracked by Wall St. Rank reported a position in Innovator 20+ Year Treasury Bond 9 Buffer ETF July (TBJL) for Q3 2025, worth a combined $22.9M — down 8.2% from $24.9M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of TBJL and 1 opened new positions — a net loss of 4 holders — while 5 trimmed existing stakes and 4 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $434K. The largest seller was Commonwealth Equity Services, cutting an estimated $1.33M.
- 15 institutional investors held Innovator 20+ Year Treasury Bond 9 Buffer ETF July (TBJL) as of Q3 2025, down from 19 in Q2 2025.
- Funds reported $22.9M of Innovator 20+ Year Treasury Bond 9 Buffer ETF July stock for Q3 2025, down 8.2% quarter-over-quarter.
- 1 fund opened new Innovator 20+ Year Treasury Bond 9 Buffer ETF July positions in Q3 2025 and 5 closed out, a net change of -4 holders.
- The largest Innovator 20+ Year Treasury Bond 9 Buffer ETF July buyer in Q3 2025 was Susquehanna International Group, an estimated $434K added.
- The largest Innovator 20+ Year Treasury Bond 9 Buffer ETF July seller in Q3 2025 was Commonwealth Equity Services, an estimated $1.33M sold.
Based on aggregated 13F filings for Q3 2025.