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Innovator US Equity Ultra Buffer ETF September
USEP

80 hedge funds and large institutions have $182M invested in Innovator US Equity Ultra Buffer ETF September in 2025 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 28 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 6

4% more funds holding

Funds holding: 77 → 80 (+3)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% less capital invested

Capital invested by funds: $182M → $182M (-$504K)

2.33% less ownership

Funds ownership: 82.37% → 80.03% (-2.3%)

36% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 28

Holders
80
Holders Change
+3
Holders Change %
+3.9%
% of All Funds
0.97%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
9
Increased
18
Reduced
28
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LA
Legacy Advisors
Pennsylvania
+$1.24M
2
BCM
Brookstone Capital Management
Illinois
+$1.09M
3
AIA
AssuredPartners Investment Advisors
Florida
+$508K
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$315K
5
FIA
Foundations Investment Advisors
Arizona
+$260K

Top Sellers

1
SA
Sovran Advisors
California
-$3.37M
2
IWM
IHT Wealth Management
Illinois
-$1.18M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$892K
4
PWA
Prairie Wealth Advisors
Nebraska
-$837K
5
FFS
Founders Financial Securities
Maryland
-$632K
Name Holding Trade Value Shares
Change 		Change in
Stake
Raymond James Financial
26
Raymond James Financial
Florida
$948K -$23.7K -608 -2%
FIA
27
Foundations Investment Advisors
Arizona
$932K +$260K +6,668 +39%
LPL Financial
28
LPL Financial
California
$918K -$11.6K -299 -1%
PWA
29
Prairie Wealth Advisors
Nebraska
$845K -$837K -21,491 Closed
FCFC
30
First Commonwealth Financial Corp
Pennsylvania
$760K – – –
PA
31
PFG Advisors
Arizona
$622K -$973 -25 -0.2%
BFC
32
Bedel Financial Consulting
Indiana
$574K – – –
AWA
33
Arkadios Wealth Advisors
Georgia
$572K +$62.6K +1,607 +12%
TF
34
Trek Financial
Arizona
$567K -$17.5K -450 -3%
AIA
35
AssuredPartners Investment Advisors
Florida
$514K +$508K +13,060 New
WTFG
36
Wood Tarver Financial Group
Idaho
$513K -$818 -21 -0.2%
NFG
37
Nations Financial Group
Iowa
$505K +$3.31K +85 +0.7%
GSIAS
38
Garden State Investment Advisory Services
New Jersey
$498K – – –
AF
39
Allworth Financial
California
$450K -$13K -333 -3%
Citadel Advisors
40
Citadel Advisors
Florida
$445K +$213K +5,461 +93%
CA
41
Continuum Advisory
Idaho
$438K -$22.6K -581 -5%
AIC
42
Archer Investment Corporation
Indiana
$430K -$28.6K -734 -6%
HI
43
Harbour Investments
Wisconsin
$414K -$101K -2,591 -20%
RWM
44
Riverchase Wealth Management
Texas
$407K – – –
AWM
45
Atticus Wealth Management
Florida
$393K – – –
AWM
46
AE Wealth Management
Kansas
$387K +$16.4K +420 +4%
LF
47
Lantz Financial
Illinois
$373K -$2.18K -56 -0.6%
CWG
48
Cornerstone Wealth Group
North Carolina
$370K – – –
Wealth Enhancement Advisory Services
49
Wealth Enhancement Advisory Services
Minnesota
$369K -$43.5K -1,117 -11%
MFG
50
MTM Financial Group
Pennsylvania
$360K – – –
1
2
3 4

USEP Hedge Fund Activity: Q4 2025 in Review

80 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Ultra Buffer ETF September (USEP) for Q4 2025, worth a combined $182M — down 0.28% from $182M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new USEP positions and 6 closed out — a net gain of 3 holders — while 18 added to existing stakes and 28 trimmed.

The largest buyer was Legacy Advisors, opening a new position worth an estimated $1.24M. The largest seller was Sovran Advisors, cutting an estimated $3.37M.

  • 80 institutional investors held Innovator US Equity Ultra Buffer ETF September (USEP) as of Q4 2025, up from 77 in Q3 2025.
  • Funds reported $182M of Innovator US Equity Ultra Buffer ETF September stock for Q4 2025, down 0.28% quarter-over-quarter.
  • 9 funds opened new Innovator US Equity Ultra Buffer ETF September positions in Q4 2025 and 6 closed out, a net change of +3 holders.
  • The largest Innovator US Equity Ultra Buffer ETF September buyer in Q4 2025 was Legacy Advisors, an estimated $1.24M added.
  • The largest Innovator US Equity Ultra Buffer ETF September seller in Q4 2025 was Sovran Advisors, an estimated $3.37M sold.

Based on aggregated 13F filings for Q4 2025.