Innovator US Equity Ultra Buffer ETF May
UMAY
44 hedge funds and large institutions have $33M invested in Innovator US Equity Ultra Buffer ETF May in 2025 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 4 increasing their positions, 19 reducing their positions, and 10 closing their positions.
4.58% less ownership
Funds ownership: 60.04% → 55.45% (-4.6%)
8% less funds holding
Funds holding: 48 → 44 (-4)
11% less capital invested
Capital invested by funds: $37.1M → $33M (-$4.13M)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
79% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
+$566K |
| 2 |
KWS
Keystone Wealth Services
Palm Desert,
California
|
+$526K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$452K |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$318K |
| 5 |
AIA
AssuredPartners Investment Advisors
Tampa,
Florida
|
+$300K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.4M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$611K |
| 3 |
HI
Harbour Investments
Madison,
Wisconsin
|
-$562K |
| 4 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
-$537K |
| 5 |
FPAS
Focus Partners Advisor Solutions
Saint Louis,
Missouri
|
-$531K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Goldman Sachs
New York
| – | -$235K | -6,547 | Closed |
|
|
ASN
52
Advisory Services Network
Atlanta,
Georgia
| – | -$110K | -3,069 | Closed |
|
53
JP Morgan Chase
New York
| – | -$29.9K | -833 | Closed |
|
|
AAS
54
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$26.1K | -727 | Closed |
|
UMAY Hedge Fund Activity: Q4 2025 in Review
44 of the 8,224 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Ultra Buffer ETF May (UMAY) for Q4 2025, worth a combined $33M — down 11% from $37.1M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of UMAY and 6 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 4 added.
The largest buyer was Merit Financial Group, opening a new position worth an estimated $566K. The largest seller was Susquehanna International Group, exiting entirely with an estimated $1.4M sold.
- 44 institutional investors held Innovator US Equity Ultra Buffer ETF May (UMAY) as of Q4 2025, down from 48 in Q3 2025.
- Funds reported $33M of Innovator US Equity Ultra Buffer ETF May stock for Q4 2025, down 11% quarter-over-quarter.
- 6 funds opened new Innovator US Equity Ultra Buffer ETF May positions in Q4 2025 and 10 closed out, a net change of -4 holders.
- The largest Innovator US Equity Ultra Buffer ETF May buyer in Q4 2025 was Merit Financial Group, an estimated $566K added.
- The largest Innovator US Equity Ultra Buffer ETF May seller in Q4 2025 was Susquehanna International Group, an estimated $1.4M sold.
Based on aggregated 13F filings for Q4 2025.