Innovator US Equity Ultra Buffer ETF September
USEP
69 hedge funds and large institutions have $97.9M invested in Innovator US Equity Ultra Buffer ETF September in 2025 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 31 reducing their positions, and 10 closing their positions.
4.36% less ownership
Funds ownership: 81.9% → 77.54% (-4.4%)
10% less funds holding
Funds holding: 77 → 69 (-8)
31% less capital invested
Capital invested by funds: $143M → $97.9M (-$44.8M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
70% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 10
71% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SA
Sovran Advisors
San Diego,
California
|
+$1.16M |
| 2 |
LA
Legacy Advisors
Plymouth Meeting,
Pennsylvania
|
+$1.05M |
| 3 |
PCA
Prosperity Capital Advisors
Westlake,
Ohio
|
+$563K |
| 4 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
+$516K |
| 5 |
SW
Simplicity Wealth
Summit,
New Jersey
|
+$413K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$28.9M |
| 2 |
TPW
Talon Private Wealth
The Villages,
Florida
|
-$9.53M |
| 3 |
KWA
Kellett Wealth Advisors
Cincinnati,
Ohio
|
-$1.22M |
| 4 |
SAG
SageView Advisory Group
Newport Beach,
California
|
-$865K |
| 5 |
KWM
KFG Wealth Management
Granger,
Indiana
|
-$605K |
USEP Hedge Fund Activity: Q1 2025 in Review
69 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Innovator US Equity Ultra Buffer ETF September (USEP) for Q1 2025, worth a combined $97.9M — down 31% from $143M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of USEP and 3 opened new positions — a net loss of 7 holders — while 31 trimmed existing stakes and 9 added.
The largest buyer was Sovran Advisors, adding an estimated $1.16M. The largest seller was Brookstone Capital Management, cutting an estimated $28.9M.
- 69 institutional investors held Innovator US Equity Ultra Buffer ETF September (USEP) as of Q1 2025, down from 77 in Q4 2024.
- Funds reported $97.9M of Innovator US Equity Ultra Buffer ETF September stock for Q1 2025, down 31% quarter-over-quarter.
- 3 funds opened new Innovator US Equity Ultra Buffer ETF September positions in Q1 2025 and 10 closed out, a net change of -7 holders.
- The largest Innovator US Equity Ultra Buffer ETF September buyer in Q1 2025 was Sovran Advisors, an estimated $1.16M added.
- The largest Innovator US Equity Ultra Buffer ETF September seller in Q1 2025 was Brookstone Capital Management, an estimated $28.9M sold.
Based on aggregated 13F filings for Q1 2025.