Innovator Equity Defined Protection ETF - 1 Yr November
ZNOV
32 hedge funds and large institutions have $23.2M invested in Innovator Equity Defined Protection ETF - 1 Yr November in 2025 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 3 closing their positions.
333% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 3
45% more funds holding
Funds holding: 22 → 32 (+10)
4.86% more ownership
Funds ownership: 48.08% → 52.94% (+4.9%)
4% less capital invested
Capital invested by funds: $24.1M → $23.2M (-$924K)
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BWM
Brown Wealth Management
Naperville,
Illinois
|
+$1.76M |
| 2 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$1.01M |
| 3 |
OPS
Orion Portfolio Solutions
Omaha,
Nebraska
|
+$1.01M |
| 4 |
AF
Advisornet Financial
Minnetonka,
Minnesota
|
+$972K |
| 5 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
+$780K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$4.99M |
| 2 |
TC
TownSquare Capital
Provo,
Utah
|
-$1.56M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$1.26M |
| 4 |
Jane Street
New York
|
-$649K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$321K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWM
26
Spire Wealth Management
Mclean,
Virginia
| $201K | – | – | – |
|
|
CA
27
Continuum Advisory
Eagle,
Idaho
| $135K | +$60K | +2,377 | +79% |
|
|
BA
28
Bellwether Advisors
Lincoln,
Nebraska
| $100K | – | – | – |
|
|
CAL
29
Capital Analysts LLC
Fort Washington,
Pennsylvania
| $75K | – | – | – |
|
30
JP Morgan Chase
New York
| $27.8K | +$28K | +1,111 | New |
|
|
AWM
31
AE Wealth Management
Topeka,
Kansas
| $21K | – | – | – |
|
|
CA
32
CoreCap Advisors
Southfield,
Michigan
| $10.9K | +$11K | +435 | New |
|
|
33
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$4.99M | -198,716 | Closed |
|
|
OMC
34
Old Mission Capital
Chicago,
Illinois
| – | -$1.26M | -50,193 | Closed |
|
|
35
Jane Street
New York
| – | -$649K | -25,858 | Closed |
|
ZNOV Hedge Fund Activity: Q1 2025 in Review
32 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Innovator Equity Defined Protection ETF - 1 Yr November (ZNOV) for Q1 2025, worth a combined $23.2M — down 3.8% from $24.1M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new ZNOV positions and 3 closed out — a net gain of 10 holders — while 2 added to existing stakes and 6 trimmed.
The largest buyer was Brown Wealth Management, opening a new position worth an estimated $1.76M. The largest seller was Cambridge Investment Research Advisors, exiting entirely with an estimated $4.99M sold.
- 32 institutional investors held Innovator Equity Defined Protection ETF - 1 Yr November (ZNOV) as of Q1 2025, up from 22 in Q4 2024.
- Funds reported $23.2M of Innovator Equity Defined Protection ETF - 1 Yr November stock for Q1 2025, down 3.8% quarter-over-quarter.
- 13 funds opened new Innovator Equity Defined Protection ETF - 1 Yr November positions in Q1 2025 and 3 closed out, a net change of +10 holders.
- The largest Innovator Equity Defined Protection ETF - 1 Yr November buyer in Q1 2025 was Brown Wealth Management, an estimated $1.76M added.
- The largest Innovator Equity Defined Protection ETF - 1 Yr November seller in Q1 2025 was Cambridge Investment Research Advisors, an estimated $4.99M sold.
Based on aggregated 13F filings for Q1 2025.