Innovator Equity Defined Protection ETF - 1 Yr March
ZMAR
83 hedge funds and large institutions have $59M invested in Innovator Equity Defined Protection ETF - 1 Yr March in 2026 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 23 increasing their positions, 13 reducing their positions, and 7 closing their positions.
343% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 7
77% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 13
36% more funds holding
Funds holding: 61 → 83 (+22)
8% more capital invested
Capital invested by funds: $54.8M → $59M (+$4.17M)
2.24% less ownership
Funds ownership: 60.41% → 58.17% (-2.2%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$8.28M |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
+$2.95M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.79M |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$1.12M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$932K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWMK
Caliber Wealth Management (Kansas)
Overland Park,
Kansas
|
-$20.9M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$1.09M |
| 3 |
AIC
Archer Investment Corporation
Carmel,
Indiana
|
-$506K |
| 4 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$459K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$279K |
ZMAR Hedge Fund Activity: Q1 2026 in Review
83 of the 8,191 institutional investors tracked by Wall St. Rank reported a position in Innovator Equity Defined Protection ETF - 1 Yr March (ZMAR) for Q1 2026, worth a combined $59M — up 7.6% from $54.8M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new ZMAR positions and 7 closed out — a net gain of 24 holders — while 23 added to existing stakes and 13 trimmed.
The largest buyer was Cambridge Investment Research Advisors, adding an estimated $8.28M. The largest seller was Caliber Wealth Management (Kansas), cutting an estimated $20.9M.
- 83 institutional investors held Innovator Equity Defined Protection ETF - 1 Yr March (ZMAR) as of Q1 2026, up from 61 in Q4 2025.
- Funds reported $59M of Innovator Equity Defined Protection ETF - 1 Yr March stock for Q1 2026, up 7.6% quarter-over-quarter.
- 31 funds opened new Innovator Equity Defined Protection ETF - 1 Yr March positions in Q1 2026 and 7 closed out, a net change of +24 holders.
- The largest Innovator Equity Defined Protection ETF - 1 Yr March buyer in Q1 2026 was Cambridge Investment Research Advisors, an estimated $8.28M added.
- The largest Innovator Equity Defined Protection ETF - 1 Yr March seller in Q1 2026 was Caliber Wealth Management (Kansas), an estimated $20.9M sold.
Based on aggregated 13F filings for Q1 2026.