Innovator Equity Defined Protection ETF - 1 Yr November
ZNOV
30 hedge funds and large institutions have $21.5M invested in Innovator Equity Defined Protection ETF - 1 Yr November in 2025 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 6 closing their positions.
5.62% less ownership
Funds ownership: 52.94% → 47.32% (-5.6%)
6% less funds holding
Funds holding: 32 → 30 (-2)
7% less capital invested
Capital invested by funds: $23.2M → $21.5M (-$1.73M)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$2.21M |
| 2 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$370K |
| 3 |
EMAM
Encompass More Asset Management
Danville,
California
|
+$283K |
| 4 |
HAS
HBW Advisory Services
Simi Valley,
California
|
+$201K |
| 5 |
FA
FSA Advisors
Troy,
Michigan
|
+$200K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BWM
Brown Wealth Management
Naperville,
Illinois
|
-$1.75M |
| 2 |
TC
TownSquare Capital
Provo,
Utah
|
-$1.75M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$460K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$311K |
| 5 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$306K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAL
26
Capital Analysts LLC
Fort Washington,
Pennsylvania
| $78K | – | – | – |
|
|
AWM
27
AE Wealth Management
Topeka,
Kansas
| $37.8K | +$15.6K | +616 | +73% |
|
|
CA
28
CoreCap Advisors
Southfield,
Michigan
| $11.3K | – | – | – |
|
29
Barclays
London,
United Kingdom
| $8.01K | +$7.81K | +309 | New |
|
30
JP Morgan Chase
New York
| $285 | -$27.8K | -1,100 | -99% |
|
|
BWM
31
Brown Wealth Management
Naperville,
Illinois
| – | -$1.75M | -69,676 | Closed |
|
|
TC
32
TownSquare Capital
Provo,
Utah
| – | -$1.75M | -69,676 | Closed |
|
|
33
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$460K | -18,349 | Closed |
|
|
AAS
34
Avantax Advisory Services
Dallas,
Texas
| – | -$216K | -8,633 | Closed |
|
|
CA
35
Continuum Advisory
Eagle,
Idaho
| – | -$135K | -5,404 | Closed |
|
|
BA
36
Bellwether Advisors
Lincoln,
Nebraska
| – | -$100K | -4,000 | Closed |
|
ZNOV Hedge Fund Activity: Q2 2025 in Review
30 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Innovator Equity Defined Protection ETF - 1 Yr November (ZNOV) for Q2 2025, worth a combined $21.5M — down 7.5% from $23.2M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of ZNOV and 5 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 7 added.
The largest buyer was Carson Wealth (CWM LLC), opening a new position worth an estimated $2.21M. The largest seller was Brown Wealth Management, exiting entirely with an estimated $1.75M sold.
- 30 institutional investors held Innovator Equity Defined Protection ETF - 1 Yr November (ZNOV) as of Q2 2025, down from 32 in Q1 2025.
- Funds reported $21.5M of Innovator Equity Defined Protection ETF - 1 Yr November stock for Q2 2025, down 7.5% quarter-over-quarter.
- 5 funds opened new Innovator Equity Defined Protection ETF - 1 Yr November positions in Q2 2025 and 6 closed out, a net change of -1 holder.
- The largest Innovator Equity Defined Protection ETF - 1 Yr November buyer in Q2 2025 was Carson Wealth (CWM LLC), an estimated $2.21M added.
- The largest Innovator Equity Defined Protection ETF - 1 Yr November seller in Q2 2025 was Brown Wealth Management, an estimated $1.75M sold.
Based on aggregated 13F filings for Q2 2025.