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Innovator US Equity Ultra Buffer ETF May
UMAY

48 hedge funds and large institutions have $37.1M invested in Innovator US Equity Ultra Buffer ETF May in 2025 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 6 increasing their positions, 17 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

4% more funds holding

Funds holding: 46 → 48 (+2)

1.41% more ownership

Funds ownership: 58.63% → 60.04% (+1.4%)

4% more capital invested

Capital invested by funds: $35.7M → $37.1M (+$1.46M)

65% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 17

Holders
48
Holders Change
+2
Holders Change %
+4.35%
% of All Funds
0.63%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
6
Reduced
17
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$812K
2
PCA
Prosperity Capital Advisors
Ohio
+$468K
3
FIA
Foundations Investment Advisors
Arizona
+$463K
4
FPAS
Focus Partners Advisor Solutions
Missouri
+$261K
5
Goldman Sachs
Goldman Sachs
New York
+$232K

Top Sellers

Rank Fund Capital Flow
1
AA
Armis Advisers
Georgia
-$492K
2
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$267K
3
RWM
Riverchase Wealth Management
Texas
-$259K
4
AWA
Arete Wealth Advisors
Illinois
-$255K
5
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$243K
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
26
Wealth Alliance
New York
$402K – – –
IWM
27
IMG Wealth Management
Florida
$348K – – –
SPIA
28
Steward Partners Investment Advisory
New York
$330K – – –
SB
29
Strategic Blueprint
Georgia
$314K – – –
OCFG
30
O'Connor Financial Group
Illinois
$311K -$2.48K -70 -0.8%
AFGAS
31
Allegiance Financial Group Advisory Services
Virginia
$264K – – –
RGF
32
Retirement Guys Formula
Ohio
$263K – – –
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$241K +$3.72K +105 +2%
Goldman Sachs
34
Goldman Sachs
New York
$235K +$232K +6,547 New
BFC
35
Bedel Financial Consulting
Indiana
$205K +$203K +5,722 New
CIAS
36
Capital Investment Advisory Services
North Carolina
$126K – – –
ASN
37
Advisory Services Network
Georgia
$110K +$109K +3,069 New
JP Morgan Chase
38
JP Morgan Chase
New York
$29.9K -$34.7K -979 -54%
NWMP
39
Noble Wealth Management PBC
Colorado
$28.7K +$28.3K +800 New
CA
40
CoreCap Advisors
Michigan
$27.4K -$8.11K -229 -23%
AAS
41
Ameritas Advisory Services
Nebraska
$26.1K – – –
EWM
42
Evolution Wealth Management
Florida
$21.5K +$21.3K +600 New
WP
43
WealthShield Partners
North Carolina
$17K – – –
FNWA
44
Financial Network Wealth Advisors
Utah
$16.6K – – –
AIC
45
Archer Investment Corporation
Indiana
$12.6K – – –
Carson Wealth (CWM LLC)
46
Carson Wealth (CWM LLC)
Nebraska
$11K +$10.6K +300 New
LFG
47
Larson Financial Group
Missouri
$6.67K – – –
Barclays
48
Barclays
United Kingdom
$2.01K +$1.95K +55 +5,500%
AA
49
Armis Advisers
Georgia
– -$492K -14,140 Closed
Cambridge Investment Research Advisors
50
Cambridge Investment Research Advisors
Iowa
– -$267K -7,669 Closed
1
2
3

UMAY Hedge Fund Activity: Q3 2025 in Review

48 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Ultra Buffer ETF May (UMAY) for Q3 2025, worth a combined $37.1M — up 4.1% from $35.7M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new UMAY positions and 5 closed out — a net gain of 2 holders — while 6 added to existing stakes and 17 trimmed.

The largest buyer was Susquehanna International Group, adding an estimated $812K. The largest seller was Armis Advisers, exiting entirely with an estimated $492K sold.

  • 48 institutional investors held Innovator US Equity Ultra Buffer ETF May (UMAY) as of Q3 2025, up from 46 in Q2 2025.
  • Funds reported $37.1M of Innovator US Equity Ultra Buffer ETF May stock for Q3 2025, up 4.1% quarter-over-quarter.
  • 7 funds opened new Innovator US Equity Ultra Buffer ETF May positions in Q3 2025 and 5 closed out, a net change of +2 holders.
  • The largest Innovator US Equity Ultra Buffer ETF May buyer in Q3 2025 was Susquehanna International Group, an estimated $812K added.
  • The largest Innovator US Equity Ultra Buffer ETF May seller in Q3 2025 was Armis Advisers, an estimated $492K sold.

Based on aggregated 13F filings for Q3 2025.