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.
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)
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
47% less capital inflows, than outflows
Capital inflows: $4.94M | Capital outflows: $9.35M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Legacy Advisors
Plymouth Meeting,
Pennsylvania
|
+$1.24M |
| 2 |
Brookstone Capital Management
Wheaton,
Illinois
|
+$1.09M |
| 3 |
AssuredPartners Investment Advisors
Tampa,
Florida
|
+$508K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$315K |
| 5 |
Foundations Investment Advisors
Phoenix,
Arizona
|
+$260K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sovran Advisors
San Diego,
California
|
-$3.37M |
| 2 |
IHT Wealth Management
Chicago,
Illinois
|
-$1.18M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$892K |
| 4 |
Prairie Wealth Advisors
Omaha,
Nebraska
|
-$837K |
| 5 |
Founders Financial Securities
Towson,
Maryland
|
-$632K |
USEP Hedge Fund Activity: Q4 2025 in Review
80 of the 8,300 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.