Innovator Equity Defined Protection ETF - 1 Yr September
ZSEP
77 hedge funds and large institutions have $100M invested in Innovator Equity Defined Protection ETF - 1 Yr September in 2025 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 24 increasing their positions, 12 reducing their positions, and 6 closing their positions.
350% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 6
116% more capital invested
Capital invested by funds: $46.4M → $100M (+$53.8M)
100% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 12
35% more funds holding
Funds holding: 57 → 77 (+20)
9.28% more ownership
Funds ownership: 60.81% → 70.08% (+9.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
S
SignatureFD
Atlanta,
Georgia
|
+$7.41M |
| 2 |
LC
Legacy CG
Plano,
Texas
|
+$7.06M |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$4.57M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
+$3.4M |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$3.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CF
Centaurus Financial
Anaheim,
California
|
-$1.21M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$804K |
| 3 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$680K |
| 4 |
PWA
Physician Wealth Advisors
Midvale,
Utah
|
-$540K |
| 5 |
FA
FC Advisory
West Chester,
Pennsylvania
|
-$216K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DFA
76
DHJJ Financial Advisors
Naperville,
Illinois
| $25.2K | +$24.9K | +950 | New |
|
|
IWM
77
IMG Wealth Management
Jacksonville,
Florida
| $15.1K | – | – | – |
|
|
AWA
78
Arete Wealth Advisors
Chicago,
Illinois
| – | -$680K | -26,262 | Closed |
|
|
PWA
79
Physician Wealth Advisors
Midvale,
Utah
| – | -$540K | -20,850 | Closed |
|
80
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$213K | -8,227 | Closed |
|
|
VWA
81
Visionary Wealth Advisors
O'fallon,
Illinois
| – | -$210K | -8,130 | Closed |
|
82
UBS Group
Zurich,
Switzerland
| – | -$7.2K | -278 | Closed |
|
83
Barclays
London,
United Kingdom
| – | -$5.18K | -200 | Closed |
|
ZSEP Hedge Fund Activity: Q3 2025 in Review
77 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Innovator Equity Defined Protection ETF - 1 Yr September (ZSEP) for Q3 2025, worth a combined $100M — up 116% from $46.4M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new ZSEP positions and 6 closed out — a net gain of 21 holders — while 24 added to existing stakes and 12 trimmed.
The largest buyer was SignatureFD, opening a new position worth an estimated $7.41M. The largest seller was Centaurus Financial, cutting an estimated $1.21M.
- 77 institutional investors held Innovator Equity Defined Protection ETF - 1 Yr September (ZSEP) as of Q3 2025, up from 57 in Q2 2025.
- Funds reported $100M of Innovator Equity Defined Protection ETF - 1 Yr September stock for Q3 2025, up 116% quarter-over-quarter.
- 27 funds opened new Innovator Equity Defined Protection ETF - 1 Yr September positions in Q3 2025 and 6 closed out, a net change of +21 holders.
- The largest Innovator Equity Defined Protection ETF - 1 Yr September buyer in Q3 2025 was SignatureFD, an estimated $7.41M added.
- The largest Innovator Equity Defined Protection ETF - 1 Yr September seller in Q3 2025 was Centaurus Financial, an estimated $1.21M sold.
Based on aggregated 13F filings for Q3 2025.