Innovator Equity Defined Protection ETF - 1 Yr May
ZMAY
24 hedge funds and large institutions have $18.3M invested in Innovator Equity Defined Protection ETF - 1 Yr May in 2025 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 9 reducing their positions, and 2 closing their positions.
43% more capital invested
Capital invested by funds: $12.8M → $18.3M (+$5.49M)
17.64% more ownership
Funds ownership: 34.03% → 51.67% (+18%)
0% more funds holding
Funds holding: 24 → 24 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
78% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$523K |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
+$271K |
| 3 |
JP Morgan Chase
New York
|
+$7.57K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
Harbour Investments
Madison,
Wisconsin
|
-$1.23M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$597K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$334K |
| 4 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$71K |
| 5 |
GTAM
Global Trust Asset Management
West Palm Beach,
Florida
|
-$20.1K |
ZMAY Hedge Fund Activity: Q4 2025 in Review
24 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Innovator Equity Defined Protection ETF - 1 Yr May (ZMAY) for Q4 2025, worth a combined $18.3M — up 43% from $12.8M a quarter earlier.
Fund positioning in ZMAY was balanced in Q4 2025: 2 funds opened new positions, 2 closed out, 2 added to existing stakes and 9 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $523K. The largest seller was Harbour Investments, cutting an estimated $1.23M.
- 24 institutional investors held Innovator Equity Defined Protection ETF - 1 Yr May (ZMAY) as of Q4 2025, unchanged from Q3 2025.
- Funds reported $18.3M of Innovator Equity Defined Protection ETF - 1 Yr May stock for Q4 2025, up 43% quarter-over-quarter.
- 2 funds opened new Innovator Equity Defined Protection ETF - 1 Yr May positions in Q4 2025 and 2 closed out, a net change of 0 holders.
- The largest Innovator Equity Defined Protection ETF - 1 Yr May buyer in Q4 2025 was Susquehanna International Group, an estimated $523K added.
- The largest Innovator Equity Defined Protection ETF - 1 Yr May seller in Q4 2025 was Harbour Investments, an estimated $1.23M sold.
Based on aggregated 13F filings for Q4 2025.