Who Owns Innovator 20+ Year Treasury Bond 9 Buffer ETF (TBJL)?Hedge Fund & Institutional Holders
Institutional Holders
18
as of Q4 2025
Total Institutional Value
$9.000233118626185e+27T
% of Float Held
—
QoQ Change in Holders
+8 / -1
Price History
TBJL — Biggest New Institutional Buyers This Quarter
| Fund | Action | Shares Added | Value Added |
|---|---|---|---|
| COMMONWEALTH EQUITY SERVICES, LLC | New Position | +500K | +$9.0M |
| Ashton Thomas Private Wealth, LLC | New Position | +117K | +$2.3M |
| Capital Investment Advisory Services, LLC | New Position | +31K | +$618K |
| ALTFEST L J & CO INC | New Position | +19K | +$376K |
| Atlantic Private Wealth, LLC | New Position | +6K | +$120K |
| Luminist Capital LLC | New Position | +369 | +$7K |
| AE Wealth Management LLC | New Position | +250 | +$4K |
| RAYMOND JAMES FINANCIAL INC | New Position | +13K | +$0 |
| MORGAN STANLEY | Increased | +21 | +$-22.8M |
TBJL — Institutions Reducing or Closing Positions
| Fund | Action | Shares Sold | Value Sold |
|---|---|---|---|
| Arlington Capital Management, Inc. | Decreased | -9K | -$2.1B |
| OSAIC HOLDINGS, INC. | Decreased | -13K | -$738.8M |
| OLD MISSION CAPITAL LLC | Decreased | -6K | -$639.9M |
| Cetera Investment Advisers | Decreased | -2K | -$548.2M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Decreased | -7K | -$440.9M |
| JANE STREET GROUP, LLC | Closed Position | -21K | -$428.3M |
| IFP Advisors, Inc | Decreased | -300 | -$6.4M |
Top Institutional Holders(Q4 2025)
| # | Fund | Shares | Value | % of Portfolio | Type |
|---|---|---|---|---|---|
| 1 | COMMONWEALTH EQUITY SERVICES, LLC | 499,963 | $9.0M | 0.01% | Share |
| 2 | Ashton Thomas Private Wealth, LLC | 117,085 | $2.3M | 0.06% | Share |
| 3 | Arlington Capital Management, Inc. | 93,544 | $1.9M | 1.14% | Share |
| 4 | Capital Investment Advisory Services, LLC | 31,056 | $618K | 0.04% | Share |
| 5 | OLD MISSION CAPITAL LLC | 25,406 | $505K | 0.01% | Share |
| 6 | ALTFEST L J & CO INC | 18,921 | $376K | 0.04% | Share |
| 7 | HARBOUR INVESTMENTS, INC. | 8,671 | $172K | 0.00% | Share |
| 8 | Atlantic Private Wealth, LLC | 6,029 | $120K | 0.08% | Share |
| 9 | Luminist Capital LLC | 369 | $7K | 0.01% | Share |
| 10 | AE Wealth Management LLC | 250 | $4K | 0.00% | Share |
| 11 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 15,154 | $0 | 0.00% | Share |
| 12 | Kestra Advisory Services, LLC | 24,918 | $0 | 0.00% | Share |
| 13 | MORGAN STANLEY | 1,154 | $0 | 0.00% | Share |
| 14 | Cetera Investment Advisers | 25,144 | $0 | 0.00% | Share |
| 15 | OSAIC HOLDINGS, INC. | 60 | $0 | 0.00% | Share |
| 16 | RAYMOND JAMES FINANCIAL INC | 13,000 | $0 | 0.00% | Share |
| 17 | OSAIC HOLDINGS, INC. | 24,491 | $0 | 0.00% | Share |
| 18 | IFP Advisors, Inc | 20 | $0 | 0.00% | Share |
TBJL Institutional Ownership History
| Quarter | Holders | Total Value | Change |
|---|---|---|---|
| Q4 2025 | 17 | $15.0M | +7 |
| Q3 2025 | 10 | $5.6B | -7 |
| Q2 2025 | 17 | $9.1B | +3 |
| Q1 2025 | 14 | $26.2B | -6 |
| Q4 2024 | 20 | $549.8B | +5 |
| Q3 2024 | 15 | $2.1T | -3 |
| Q2 2024 | 18 | $4.1T | +6 |
| Q1 2024 | 12 | $26.1T | — |
Similar Stocks by Institutional Ownership
As of Q4 2025, 18 institutional investors hold TBJL (Innovator 20+ Year Treasury Bond 9 Buffer ETF). The largest holder is COMMONWEALTH EQUITY SERVICES, LLC with $9.0M in shares. This quarter, 8 institutions opened new positions and 1 closed their positions.
Frequently Asked Questions
How many hedge funds own TBJL?
As of Q4 2025, 18 institutional investors report holding TBJL (Innovator 20+ Year Treasury Bond 9 Buffer ETF) in their 13F filings.
Who is the largest institutional holder of TBJL?
The largest institutional holder of TBJL is COMMONWEALTH EQUITY SERVICES, LLC with $9.0M in shares.
Is institutional ownership of TBJL increasing or decreasing?
This quarter, 8 institutions opened new positions in TBJL and 1 closed their positions.