Innovator Equity Defined Protection ETF - 1 Yr April
ZAPR
45 hedge funds and large institutions have $25M invested in Innovator Equity Defined Protection ETF - 1 Yr April in 2025 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 6 increasing their positions, 17 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
10% more funds holding
Funds holding: 41 → 45 (+4)
4.31% more ownership
Funds ownership: 61.41% → 65.71% (+4.3%)
3% more capital inflows, than outflows
Capital inflows: $2.22M | Capital outflows: $2.16M
65% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$1.12M |
| 2 |
First Manhattan
New York
|
+$392K |
| 3 |
Trek Financial
Scottsdale,
Arizona
|
+$200K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$136K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$109K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Legacy Capital Wealth Partners
Little Rock,
Arkansas
|
-$440K |
| 2 |
Brookstone Capital Management
Wheaton,
Illinois
|
-$388K |
| 3 |
Old Mission Capital
Chicago,
Illinois
|
-$321K |
| 4 |
Integrity Advisory Solutions
Dallas,
Texas
|
-$249K |
| 5 |
Mach-1 Financial Group
Rogers,
Arkansas
|
-$249K |
ZAPR Hedge Fund Activity: Q4 2025 in Review
45 of the 8,294 institutional investors tracked by Wall St. Rank reported a position in Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR) for Q4 2025, worth a combined $25M — up 1.6% from $24.6M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new ZAPR positions and 4 closed out — a net gain of 4 holders — while 6 added to existing stakes and 17 trimmed.
The largest buyer was Kovack Advisors, opening a new position worth an estimated $1.12M. The largest seller was Legacy Capital Wealth Partners, cutting an estimated $440K.
- 45 institutional investors held Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR) as of Q4 2025, up from 41 in Q3 2025.
- Funds reported $25M of Innovator Equity Defined Protection ETF - 1 Yr April stock for Q4 2025, up 1.6% quarter-over-quarter.
- 8 funds opened new Innovator Equity Defined Protection ETF - 1 Yr April positions in Q4 2025 and 4 closed out, a net change of +4 holders.
- The largest Innovator Equity Defined Protection ETF - 1 Yr April buyer in Q4 2025 was Kovack Advisors, an estimated $1.12M added.
- The largest Innovator Equity Defined Protection ETF - 1 Yr April seller in Q4 2025 was Legacy Capital Wealth Partners, an estimated $440K sold.
Based on aggregated 13F filings for Q4 2025.