Innovator 20+ Year Treasury Bond 9 Buffer ETF July
TBJL
17 hedge funds and large institutions have $18M invested in Innovator 20+ Year Treasury Bond 9 Buffer ETF July in 2025 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 8 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
13% more funds holding
Funds holding: 15 → 17 (+2)
4.76% less ownership
Funds ownership: 77.18% → 72.42% (-4.8%)
21% less capital invested
Capital invested by funds: $22.9M → $18M (-$4.84M)
63% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
+$262K |
| 2 |
APW
Atlantic Private Wealth
Chapel Hill,
North Carolina
|
+$122K |
| 3 |
CIAS
Capital Investment Advisory Services
Raleigh,
North Carolina
|
+$50.7K |
| 4 |
ATPW
Ashton Thomas Private Wealth
Scottsdale,
Arizona
|
+$45K |
| 5 |
LC
Luminist Capital
Grand Rapids,
Michigan
|
+$7.44K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$3.74M |
| 2 |
Jane Street
New York
|
-$428K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$261K |
| 4 |
LJAC
L.J. Altfest & Co
New York
|
-$258K |
| 5 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$189K |
TBJL Hedge Fund Activity: Q4 2025 in Review
17 of the 8,227 institutional investors tracked by Wall St. Rank reported a position in Innovator 20+ Year Treasury Bond 9 Buffer ETF July (TBJL) for Q4 2025, worth a combined $18M — down 21% from $22.9M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new TBJL positions and 1 closed out — a net gain of 2 holders — while 3 added to existing stakes and 8 trimmed.
The largest buyer was Raymond James Financial, opening a new position worth an estimated $262K. The largest seller was Commonwealth Equity Services, cutting an estimated $3.74M.
- 17 institutional investors held Innovator 20+ Year Treasury Bond 9 Buffer ETF July (TBJL) as of Q4 2025, up from 15 in Q3 2025.
- Funds reported $18M of Innovator 20+ Year Treasury Bond 9 Buffer ETF July stock for Q4 2025, down 21% quarter-over-quarter.
- 3 funds opened new Innovator 20+ Year Treasury Bond 9 Buffer ETF July positions in Q4 2025 and 1 closed out, a net change of +2 holders.
- The largest Innovator 20+ Year Treasury Bond 9 Buffer ETF July buyer in Q4 2025 was Raymond James Financial, an estimated $262K added.
- The largest Innovator 20+ Year Treasury Bond 9 Buffer ETF July seller in Q4 2025 was Commonwealth Equity Services, an estimated $3.74M sold.
Based on aggregated 13F filings for Q4 2025.