Innovator Equity Defined Protection ETF - 1 Yr September
ZSEP
54 hedge funds and large institutions have $43.4M invested in Innovator Equity Defined Protection ETF - 1 Yr September in 2025 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 17 reducing their positions, and 5 closing their positions.
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
4% less funds holding
Funds holding: 56 → 54 (-2)
6.14% less ownership
Funds ownership: 64.17% → 58.03% (-6.1%)
32% less capital invested
Capital invested by funds: $63.6M → $43.4M (-$20.2M)
65% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 17
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$715K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$221K |
| 3 |
MFGM
Marshall Financial Group (Maryland)
Hunt Valley,
Maryland
|
+$204K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$194K |
| 5 |
FA
FSA Advisors
Troy,
Michigan
|
+$184K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TF
Trek Financial
Scottsdale,
Arizona
|
-$8.14M |
| 2 |
VWM
VanWeelden Wealth Management
West Chester Township,
Ohio
|
-$4.9M |
| 3 |
DIM
Delta Investment Management
San Francisco,
California
|
-$2.41M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$2.17M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$1.13M |
ZSEP Hedge Fund Activity: Q1 2025 in Review
54 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Innovator Equity Defined Protection ETF - 1 Yr September (ZSEP) for Q1 2025, worth a combined $43.4M — down 32% from $63.6M a quarter earlier.
Fund positioning in ZSEP was balanced in Q1 2025: 5 funds opened new positions, 5 closed out, 6 added to existing stakes and 17 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $715K. The largest seller was Trek Financial, cutting an estimated $8.14M.
- 54 institutional investors held Innovator Equity Defined Protection ETF - 1 Yr September (ZSEP) as of Q1 2025, down from 56 in Q4 2024.
- Funds reported $43.4M of Innovator Equity Defined Protection ETF - 1 Yr September stock for Q1 2025, down 32% quarter-over-quarter.
- 5 funds opened new Innovator Equity Defined Protection ETF - 1 Yr September positions in Q1 2025 and 5 closed out, a net change of 0 holders.
- The largest Innovator Equity Defined Protection ETF - 1 Yr September buyer in Q1 2025 was Susquehanna International Group, an estimated $715K added.
- The largest Innovator Equity Defined Protection ETF - 1 Yr September seller in Q1 2025 was Trek Financial, an estimated $8.14M sold.
Based on aggregated 13F filings for Q1 2025.