Innovator U.S. Equity Power Buffer ETF

PSEP • BATS

Innovator U.S. Equity Power Buffer ETF is an exchange-traded fund on BATS. As of Q3 2025, 217 institutional investors hold shares in this ETF, with total holdings valued at $777.8M. ALLIANCEBERNSTEIN L.P. is the largest holder with a position valued at $145.6M.

Overview

Overview of institutional ownership in PSEP as of Q3 2025

All Institutions

Institutions: 217
Value Held: $777.8M
Shares Held: 18.1M
Avg Position: $3.6M
Median Position: $655.4K

Hedge Funds

Hedge Funds: 2
Value Held: $30.3M
Shares Held: 704.8K
Avg Position: $15.1M
Median Position: $15.1M

Biggest Investors

Institutions with the largest positions in PSEP as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$145.6M 0.05% of portfolio	3.4M shares	Q3 2021 Held for 4y 2m	$317.45B
Penserra Capital Management LLC ETF Provider	George Nmn Madrigal CEO	$62.6M 0.85% of portfolio	1.5M shares	Q3 2020 Held for 5y 2m	$7.4B
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	Wayne Michael Bloom CEO	$48.5M 0.07% of portfolio	1.1M shares	Q3 2019 Held for 6y 2m	$71.1B
Brookstone Capital Management RIA/Wealth	Nadim "Dean" Zayed CEO	$35.5M 0.43% of portfolio	825.4K shares	Q3 2021 Held for 4y 2m	$8.3B
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$30.0M 0.02% of portfolio	699.1K shares	Q2 2025 Held for 5 months	$122.08B
A Advisor Group Holdings, Inc. Institution	-	$28.0M 0.04% of portfolio	657.7K shares	Q1 2020 Held for 5y 8m	$71.0B
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	-	$26.5M 0.04% of portfolio	618.0K shares	Q2 2020 Held for 5y 5m	$67.9B
Stuart Chaussee & Associates, Inc. RIA/Wealth	Stuart Dubes Chaussee President	$25.3M 6.82% of portfolio	588.6K shares	Q4 2022 Held for 2y 11m	$370.8M
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$20.9M 0.01% of portfolio	486.4K shares	Q3 2020 Held for 5y 2m	$341.99B
Cresset Asset Management, LLC RIA/Wealth	Jack Alan Ablin Founder	$15.7M 0.06% of portfolio	365.6K shares	Q3 2023 Held for 2y 2m	$25.7B

Net Capital Flow

Institutional buying and selling activity for PSEP in Q3 2025

Traded: +$208.4M
Buyers: 121
Sellers: 60
Total Bought: +$222.2M
Total Sold: −$13.8M
Avg Position: $3.4M

Biggest Buyers

Institution	Net Bought	Current Position
Brookstone Capital Management RIA/Wealth	+$31.5M +734.4K shares	$35.5M 825.4K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$29.6M +690.3K shares	$30.0M 699.1K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$25.6M +596.9K shares	$26.5M 618.0K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	+$22.7M +529.5K shares	$48.5M 1.1M shares
J JANE STREET GROUP, LLC Institution	+$9.8M +227.8K shares	$9.8M 227.8K shares
WEST MICHIGAN ADVISORS, LLC RIA/Wealth	+$9.0M +209.7K shares	$9.0M 209.7K shares
S SageView Advisory Group, LLC RIA/Wealth	+$7.6M +176.3K shares	$7.6M 176.3K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$7.0M +162.6K shares	$20.9M 486.4K shares
Cetera Investment Advisers RIA/Wealth	+$4.8M +112.4K shares	$11.8M 274.4K shares
Kovitz Investment Group Partners, LLC RIA/Wealth	+$4.7M +109.0K shares	$15.0M 349.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
UBS Group AG Institution	−$2.2M −52.9K shares	Sold Off 0 shares
BB&T CORP Institution	−$1.5M −34.0K shares	$5.4M 126.5K shares
O OLD MISSION CAPITAL LLC Institution	−$1.3M −31.7K shares	Sold Off 0 shares
Stuart Chaussee & Associates, Inc. RIA/Wealth	−$1.1M −26.3K shares	$25.3M 588.6K shares
Change Path, LLC RIA/Wealth	−$1.1M −25.7K shares	$1.2M 28.9K shares
Arete Wealth Advisors, LLC RIA/Wealth	−$783.0K −19.2K shares	Sold Off 0 shares
YARGER WEALTH STRATEGIES, LLC RIA/Wealth	−$658.4K −15.3K shares	$4.6M 106.2K shares
CITY HOLDING CO Institution	−$588.4K −13.7K shares	$350.3K 8.2K shares
Pathway Financial Advisors LLC RIA/Wealth	−$502.7K −11.7K shares	$1.6M 36.6K shares
M Holdings Securities, Inc. RIA/Wealth	−$485.4K −11.9K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited PSEP in Q3 2025

New Positions: 21
New Value: $12.1M
Exited Positions: 11
Exited Value: $6.5M

New Positions

Institution	Position Value
Catalina Capital Group, LLC RIA/Wealth	$1.9M 44.7K shares
IHT Wealth Management, LLC RIA/Wealth	$1.3M 28.9K shares
ORG Partners LLC RIA/Wealth	$1.2M 28.3K shares
Accredited Investors Inc. RIA/Wealth	$1.1M 24.5K shares
PFG Advisors RIA/Wealth	$878.1K 20.4K shares
SAGESPRING WEALTH PARTNERS, LLC RIA/Wealth	$683.9K 15.9K shares
P Phoenix Holdings Ltd. Institution	$641.7K 14.9K shares
Atlantic Private Wealth, LLC RIA/Wealth	$497.7K 11.6K shares
Annis Gardner Whiting Capital Advisors, LLC RIA/Wealth	$459.6K 10.7K shares
Jessup Wealth Management, Inc RIA/Wealth	$435.1K 10.1K shares

Exited Positions

Institution	Previous Position
UBS Group AG Institution	$2.2M 52.9K shares
O OLD MISSION CAPITAL LLC Institution	$1.3M 31.7K shares
Arete Wealth Advisors, LLC RIA/Wealth	$783.0K 19.2K shares
M Holdings Securities, Inc. RIA/Wealth	$485.4K 11.9K shares
Kingsview Wealth Management, LLC RIA/Wealth	$398.0K 9.7K shares
Siligmueller & Norvid Wealth Advisors LLC RIA/Wealth	$352.0K 8.6K shares
G GTS SECURITIES LLC Institution	$330.6K 8.1K shares
SRS Capital Advisors, Inc. RIA/Wealth	$320.9K 7.8K shares
BARCLAYS PLC Institution	$201.5K 4.9K shares
Creative Planning RIA/Wealth	$200.1K 4.9K shares

Options Activity

Institutions with the largest Call and Put options positions in PSEP as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with PSEP as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Stuart Chaussee & Associates, Inc. RIA/Wealth	Stuart Dubes Chaussee President	6.82% $25.3M	588.6K shares	Q4 2022 Held for 2y 11m	$370.8M
WEST MICHIGAN ADVISORS, LLC RIA/Wealth	Aaron Michael Clark CEO	2.20% $9.0M	209.7K shares	Q3 2025 Held for 2 months	$410.0M
YARGER WEALTH STRATEGIES, LLC RIA/Wealth	Jonathan Laird Yarger CEO	2.12% $4.6M	106.2K shares	Q3 2022 Held for 3y 2m	$215.0M
Berson & Corrado Investment Advisors, LLC RIA/Wealth	Mark Anthony Corrado Managing Partner	1.54% $2.6M	59.8K shares	Q3 2020 Held for 5y 2m	$167.2M
C Chris Bulman Inc Institution	-	1.50% $3.0M	69.1K shares	Q2 2024 Held for 1y 5m	$197.5M
Michels Family Financial, LLC RIA/Wealth	Nicholas Eugene Michels Managing Partner	1.48% $1.9M	44.4K shares	Q4 2024 Held for 11 months	$128.4M
Camelot Portfolios, LLC RIA/Wealth	Darren Thaddaeus Munn CEO	1.27% $2.1M	49.8K shares	Q4 2020 Held for 4y 11m	$168.3M
Catalina Capital Group, LLC RIA/Wealth	Chris Matthew Frantz Managing Partner	1.20% $1.9M	44.7K shares	Q3 2025 Held for 2 months	$160.5M
Weaver Capital Management LLC RIA/Wealth	Dewitt Thompson Weaver Managing Partner	1.00% $4.5M	105.9K shares	Q4 2023 Held for 1y 11m	$456.4M
Pinnacle Wealth Management Group, Inc. RIA/Wealth	Adam Michael Mark President	0.97% $1.9M	43.6K shares	Q3 2021 Held for 4y 2m	$193.3M

Hedge Fund Spotlight

Discover hedge funds investing in PSEP

Cardinal Point Capital Management, ULC

Hedge Fund • Value

Portfolio ManagerMichelle Lynn Yarwood

Portfolio Value: $1.4B
Positions: 267
Last Reported: Q3 2025

Sector Allocation

Position in Innovator U.S. Equity Power Buffer ETF

Market Value: $243.6K
Shares Held: 5.7K
Portfolio Weight: 0.02%
Owned Since: 2023-Q3

Top Holding	Sector	Market Value	Weight
1 Vanguard Total Stock Market VTI	ETF ETF	$186.2M	12.94%
2 WisdomTree Floating Rate Treasury Fund USFR	ETF ETF	$71.8M	4.99%
3 Apple AAPL	Consumer Electronics Technology	$70.6M	4.91%