Who Owns AllianzIM U.S. Equity Buffer20 Nov ETF (NVBW)?Hedge Fund & Institutional Holders

$33.50-0.07 (-0.20%)Financial ServicesBATS

Institutional Holders

45

as of Q4 2025

Total Institutional Value

$8.00000079280006e+171T

% of Float Held

—

QoQ Change in Holders

+11 / -2

Price History

$28.92$30.24$31.56$32.89$34.21Sep 24Jun 25Mar 26

NVBW — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
COMMONWEALTH EQUITY SERVICES, LLCNew Position+261K+$8.0B
AMERICAN ASSET MANAGEMENT INC.New Position+234K+$7.9B
OSAIC HOLDINGS, INC.Increased+110K+$3.3B
PFG AdvisorsIncreased+69K+$2.3B
Spire Wealth ManagementNew Position+66K+$2.2B
RAYMOND JAMES FINANCIAL INCIncreased+45K+$1.1B
ACCESS FINANCIAL SERVICES, INC.New Position+29K+$986.0M
Tyche Wealth Partners LLCNew Position+25K+$835.0M
JIM SAULNIER & ASSOCIATES, LLCNew Position+18K+$620.0M
Joseph P. Lucia & Associates, LLCNew Position+13K+$430.0M
SAGESPRING WEALTH PARTNERS, LLCNew Position+10K+$335.0M
Farther Finance Advisors, LLCIncreased+9K+$315.5M
Grantvest Financial Group LLCNew Position+9K+$304.0M
First Heartland Consultants, Inc.New Position+6K+$210.0M
Lloyd Advisory Services, LLC.New Position+506+$17.0M

NVBW — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
OLD MISSION CAPITAL LLCDecreased-25K-$833.5M
JPMORGAN CHASE & CODecreased-6K-$423.0M
SUSQUEHANNA INTERNATIONAL GROUP, LLPDecreased-5K-$225.5M
BARCLAYS PLCClosed Position-4K-$148.4M
UBS Group AGClosed Position-2K-$58.5M

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1COMMONWEALTH EQUITY SERVICES, LLC261,191$8.0B10.67%Share
2AMERICAN ASSET MANAGEMENT INC.234,318$7.9B6.72%Share
3OSAIC HOLDINGS, INC.187,646$6.0B8.77%Share
4RAYMOND JAMES FINANCIAL INC100,987$3.0B0.93%Share
5PFG Advisors77,501$2.6B0.13%Share
6Spire Wealth Management66,141$2.2B0.07%Share
7SUSQUEHANNA INTERNATIONAL GROUP, LLP31,603$1.0B0.12%Share
8ACCESS FINANCIAL SERVICES, INC.29,170$986.0M0.36%Share
9Tyche Wealth Partners LLC24,690$835.0M0.13%Share
10JIM SAULNIER & ASSOCIATES, LLC18,344$620.0M0.32%Share
11Farther Finance Advisors, LLC17,886$605.0M6.48%Share
12Joseph P. Lucia & Associates, LLC12,719$430.0M0.16%Share
13SAGESPRING WEALTH PARTNERS, LLC9,920$335.0M6.09%Share
14Grantvest Financial Group LLC8,999$304.0M0.19%Share
15OLD MISSION CAPITAL LLC8,886$300.0M0.01%Share
16First Heartland Consultants, Inc.6,223$210.0M0.02%Share
17CREATIVE FINANCIAL DESIGNS INC /ADV5,536$187.0M0.01%Share
18Lloyd Advisory Services, LLC.506$17.0M0.01%Share
19DHJJ Financial Advisors, Ltd.330$11.0M0.00%Share
20Cetera Investment Advisers202,342$6.0M0.01%Share
21Kestra Advisory Services, LLC151,913$5.0M0.02%Share
22LPL Financial LLC147,486$4.0M0.00%Share
23ALLIANZ INVESTMENT MANAGEMENT LLC109,056$3.7M2.31%Share
24Castle Rock Wealth Management, LLC74,803$2.5M0.55%Share
25Cambridge Investment Research Advisors, Inc.68,426$2.0M0.01%Share
26HARBOUR INVESTMENTS, INC.46,085$1.6M0.03%Share
27World Investment Advisors22,366$756K0.01%Share
28Focus Financial Network, Inc.15,888$537K0.02%Share
29WEALTH ENHANCEMENT ADVISORY SERVICES, LLC11,604$394K0.00%Share
30Avidian Wealth Enterprises, LLC10,923$369K0.01%Share
31Elevation Wealth Management LLC10,770$364K0.35%Share
32Diversify Advisory Services, LLC10,455$356K0.01%Share
33Patriot Financial Group Insurance Agency, LLC7,226$244K0.03%Share
34BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC2,042$69K0.01%Share
35Elevation Wealth Management LLC50$1K0.00%Share
36JPMORGAN CHASE & CO6,976$00.00%Share
37OSAIC HOLDINGS, INC.3,000$00.00%Share
38Creative Planning6,193$00.00%Share
39IFP Advisors, Inc13,138$00.00%Share
40CITADEL ADVISORS LLC11,846$00.00%Share
41ALLIANZ SE5,000$00.00%Share
42JANE STREET GROUP, LLC6,342$00.00%Share
43MML INVESTORS SERVICES, LLC9,738$00.00%Share
44CENTAURUS FINANCIAL, INC.22,879$00.00%Share
45RAYMOND JAMES FINANCIAL INC366$00.00%Share

NVBW Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 202542$35.7B+21
Q3 202521$14.2B-15
Q2 202536$43.7B+0
Q1 202536$39.3B+6
Q4 202430$1.0T+13
Q3 202417$2.0T-3
Q2 202420$1.4T+4
Q1 202416$533.0T—

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As of Q4 2025, 45 institutional investors hold NVBW (AllianzIM U.S. Equity Buffer20 Nov ETF). The largest holder is COMMONWEALTH EQUITY SERVICES, LLC with $8.0B in shares. This quarter, 11 institutions opened new positions and 2 closed their positions.

Frequently Asked Questions

How many hedge funds own NVBW?

As of Q4 2025, 45 institutional investors report holding NVBW (AllianzIM U.S. Equity Buffer20 Nov ETF) in their 13F filings.

Who is the largest institutional holder of NVBW?

The largest institutional holder of NVBW is COMMONWEALTH EQUITY SERVICES, LLC with $8.0B in shares.

Is institutional ownership of NVBW increasing or decreasing?

This quarter, 11 institutions opened new positions in NVBW and 2 closed their positions.