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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
MMA
51
Miracle Mile Advisors
California
$355K – – –
OWA
52
Outlook Wealth Advisors
Texas
$347K – – –
SA
53
Sonoma Allocations
California
$331K -$24.4K -627 -7%
CWAF
54
Core Wealth Advisors (Florida)
Florida
$303K – – –
PWA
55
Physician Wealth Advisors
Utah
$289K – – –
IWM
56
IMG Wealth Management
Florida
$289K +$90.4K +2,323 +46%
CB
57
Chris Bulman
California
$269K +$30.1K +773 +13%
W
58
WorthPointe
California
$260K -$124K -3,195 -33%
AWM
59
Accurate Wealth Management
Florida
$250K +$1.21K +31 +0.5%
CGFA
60
Colton Groome Financial Advisors
North Carolina
$249K +$246K +6,321 New
RAS
61
RPS Advisory Solutions
Kentucky
$234K -$3.62K -93 -2%
FA
62
FC Advisory
Pennsylvania
$222K – – –
TWM
63
TopTier Wealth Management
Wisconsin
$222K +$220K +5,656 New
PSA
64
Plum Street Advisors
Louisiana
$212K – – –
GS
65
GTS Securities
New York
$202K +$200K +5,134 New
VPF
66
Vantage Point Financial
Illinois
$201K -$24.3K -624 -11%
TC
67
Truvestments Capital
Florida
$171K – – –
ACA
68
Aptus Capital Advisors
Alabama
$164K +$27.3K +700 +20%
DFA
69
DHJJ Financial Advisors
Illinois
$155K – – –
AAP
70
Arax Advisory Partners
Colorado
$135K +$134K +3,443 New
SPIA
71
Steward Partners Investment Advisory
New York
$132K – – –
WP
72
WealthShield Partners
North Carolina
$124K +$10.3K +264 +9%
CAL
73
Capital Analysts LLC
Pennsylvania
$77K +$467 +12 +0.6%
KFAS
74
Keating Financial Advisory Services
Kansas
$62K +$61.4K +1,577 New
EWM
75
Evolution Wealth Management
Florida
$51.6K – – –
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.