Innovator Equity Defined Protection ETF - 1 Yr March
ZMAR
57 hedge funds and large institutions have $60.2M invested in Innovator Equity Defined Protection ETF - 1 Yr March in 2025 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 5 closing their positions.
380% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 5
71% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 7
53% more capital invested
Capital invested by funds: $39.4M → $60.2M (+$20.8M)
46% more funds holding
Funds holding: 39 → 57 (+18)
17.73% more ownership
Funds ownership: 39.73% → 57.46% (+18%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWMK
Caliber Wealth Management (Kansas)
Overland Park,
Kansas
|
+$20.7M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$2.07M |
| 3 |
AIC
Archer Investment Corporation
Carmel,
Indiana
|
+$2.02M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.41M |
| 5 |
BWM
Brown Wealth Management
Naperville,
Illinois
|
+$1.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$5.13M |
| 2 |
FFS
Founders Financial Securities
Towson,
Maryland
|
-$3.19M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$844K |
| 4 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$583K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$555K |
ZMAR Hedge Fund Activity: Q2 2025 in Review
57 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Innovator Equity Defined Protection ETF - 1 Yr March (ZMAR) for Q2 2025, worth a combined $60.2M — up 53% from $39.4M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new ZMAR positions and 5 closed out — a net gain of 19 holders — while 12 added to existing stakes and 7 trimmed.
The largest buyer was Caliber Wealth Management (Kansas), opening a new position worth an estimated $20.7M. The largest seller was Jane Street, exiting entirely with an estimated $5.13M sold.
- 57 institutional investors held Innovator Equity Defined Protection ETF - 1 Yr March (ZMAR) as of Q2 2025, up from 39 in Q1 2025.
- Funds reported $60.2M of Innovator Equity Defined Protection ETF - 1 Yr March stock for Q2 2025, up 53% quarter-over-quarter.
- 24 funds opened new Innovator Equity Defined Protection ETF - 1 Yr March positions in Q2 2025 and 5 closed out, a net change of +19 holders.
- The largest Innovator Equity Defined Protection ETF - 1 Yr March buyer in Q2 2025 was Caliber Wealth Management (Kansas), an estimated $20.7M added.
- The largest Innovator Equity Defined Protection ETF - 1 Yr March seller in Q2 2025 was Jane Street, an estimated $5.13M sold.
Based on aggregated 13F filings for Q2 2025.