Innovator Equity Defined Protection ETF - 1 Yr November
ZNOV
79 hedge funds and large institutions have $74.4M invested in Innovator Equity Defined Protection ETF - 1 Yr November in 2025 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 19 increasing their positions, 12 reducing their positions, and 2 closing their positions.
2,150% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 2
160% more capital invested
Capital invested by funds: $28.6M → $74.4M (+$45.8M)
119% more funds holding
Funds holding: 36 → 79 (+43)
58% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 12
3.01% more ownership
Funds ownership: 59.33% → 62.34% (+3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$8.08M |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
+$3.23M |
| 3 |
SC
Syon Capital
San Francisco,
California
|
+$3.04M |
| 4 |
HI
Harbour Investments
Madison,
Wisconsin
|
+$2.37M |
| 5 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$2.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.37M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$430K |
| 3 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$295K |
| 4 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$289K |
| 5 |
FA
FC Advisory
West Chester,
Pennsylvania
|
-$274K |
ZNOV Hedge Fund Activity: Q4 2025 in Review
79 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Innovator Equity Defined Protection ETF - 1 Yr November (ZNOV) for Q4 2025, worth a combined $74.4M — up 160% from $28.6M a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new ZNOV positions and 2 closed out — a net gain of 43 holders — while 19 added to existing stakes and 12 trimmed.
The largest buyer was Cambridge Investment Research Advisors, adding an estimated $8.08M. The largest seller was Susquehanna International Group, cutting an estimated $1.37M.
- 79 institutional investors held Innovator Equity Defined Protection ETF - 1 Yr November (ZNOV) as of Q4 2025, up from 36 in Q3 2025.
- Funds reported $74.4M of Innovator Equity Defined Protection ETF - 1 Yr November stock for Q4 2025, up 160% quarter-over-quarter.
- 45 funds opened new Innovator Equity Defined Protection ETF - 1 Yr November positions in Q4 2025 and 2 closed out, a net change of +43 holders.
- The largest Innovator Equity Defined Protection ETF - 1 Yr November buyer in Q4 2025 was Cambridge Investment Research Advisors, an estimated $8.08M added.
- The largest Innovator Equity Defined Protection ETF - 1 Yr November seller in Q4 2025 was Susquehanna International Group, an estimated $1.37M sold.
Based on aggregated 13F filings for Q4 2025.