Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INNOVATOR ETFS TRUST (AJAN)

39 + Investors. Track Smart Money conviction in AJAN. See who's accumulating, reducing, or initiating positions.

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
54%

Smart Money Signals — AJAN

Based on 39 hedge funds · latest filing: 2026 Q1 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
📊

High ownership — 89% of 2.2Y peak

89% of all-time peak
39 funds currently hold this stock — 89% of the 2.2-year high of 44 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 11% fewer funds vs a year ago

fund count last 6Q
5 fewer hedge funds hold AJAN compared to a year ago (-11% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 54% buying

21 buying18 selling
Last quarter: 21 funds bought or added vs 18 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~9 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 1 → 5 → 5 → 9. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 36% long-term, 31% new

36% conviction (2yr+) 33% medium 31% new
Of the 39 current holders: 14 (36%) held >2 years, 13 held 1–2 years, and 12 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
➡️

Steady discovery — ~9 new funds/quarter

6 → 1 → 5 → 5 → 9 new funds/Q
New funds entering each quarter: 1 → 5 → 5 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊

Mixed cohorts — 0% veterans, 33% new entrants

0% veterans 67% 1-2yr 33% new
Of 39 current holders: 0 (0%) held 2+ years, 26 held 1–2 years, 13 (33%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 17% AUM from top-100

17% from top-100 AUM funds
5 of 39 holders rank in the top 100 by AUM, but together hold only 17% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — AJAN

In 2026 Q1, 21 hedge funds were net buyers of AJAN (9 opened a new position, 12 added to an existing one), while 18 reduced or exited (9 trimmed, 9 sold completely) — a 54% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 39.

Hedge Fund Ownership: AJAN

How many hedge funds hold AJAN — quarterly history vs. share price
Quarterly hedge fund ownership of AJAN vs. share price

Market Analysis: AJAN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: AJAN

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy INNOVATOR ETFS TRUST (AJAN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much AJAN has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 51d ago
AJAN
+6.2%
SPY
+14.0%

AJAN outperformed SPY by -7.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 6d ago
AJAN
-0.2%
SPY
+0.3%

Since the filing became public, AJAN outperformed SPY by -0.5% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: AJAN
39 + Investors

Track Smart Money conviction in AJAN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 39 39 -
13F Shares 707K 713K -0.83%
Total Value $19M $20M -5.09%
New Positions 9 5 +4
Increased Positions 12 5 +7
Closed Positions 9 8 +1
Reduced Positions 9 16 -7
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: AJAN

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Financial Highlights

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Institutional Holders (2026 Q1)

39 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in AJAN. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of AJAN — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Bernard Wealth Management Corp. 0.27% 23,019 $636K
2 Balance Wealth, LLC 0.16% 19,195 $531K
3 KFG WEALTH MANAGEMENT, LLC 0.13% 35,129 $971K
4 BridgePort Financial Solutions, LLC 0.09% 11,309 $313K
5 Three Seasons Wealth, LLC 0.09% 8,113 $224K
6 MILESTONE ASSET MANAGEMENT, LLC 0.08% 15,312 $423K
7 Benson Wealth Management INC 0.06% 1,579 $44K
8 GILL CAPITAL PARTNERS, LLC 0.03% 3,570 $99K
9 Tradition Wealth Management, LLC 0.02% 11,903 $329K
10 CoreCap Advisors, LLC 0.02% 20,083 $555K
11 Fragasso Financial Advisors Inc 0.02% 10,683 $296K
12 Mutual Advisors, LLC 0.01% 24,603 $680K
13 Keating Financial Advisory Services, Inc. 0.01% 1,581 $44K
14 Brookstone Capital Management 0.00% 15,009 $415K
15 Sunbelt Securities, Inc. 0.00% 2,609 $72K
16 Kingsview Wealth Management, LLC 0.00% 9,483 $262K
17 MML INVESTORS SERVICES, LLC 0.00% 39,785 $1.1M
18 COMMONWEALTH EQUITY SERVICES, LLC 0.00% 77,590 $2.1M
19 FOUNDATIONS INVESTMENT ADVISORS, LLC 0.00% 7,843 $217K
20 OSAIC HOLDINGS, INC. 0.00% 57,801 $1.6M
21 Kestra Advisory Services, LLC 0.00% 21,446 $593K
22 HARBOUR INVESTMENTS, INC. 0.00% 5,095 $141K
23 Merit Financial Group, LLC 0.00% 10,268 $284K
24 Cambridge Investment Research Advisors, Inc. 0.00% 25,347
25 Sound Income Strategies, LLC 0.00% 1,135 $31K
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — INNOVATOR ETFS TRUST (AJAN)

What does the Smart Money Trend signal show for AJAN?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for AJAN?

Slight buying edge — 54% buying: Last quarter: 21 funds bought or added vs 18 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for AJAN holders?

Smaller funds dominant — 17% AUM from top-100: 5 of 39 holders rank in the top 100 by AUM, but together hold only 17% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held AJAN?

Mixed — 36% long-term, 31% new: Of the 39 current holders: 14 (36%) held >2 years, 13 held 1–2 years, and 12 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy INNOVATOR ETFS TRUST (AJAN) following the 2026 Q1 hedge fund 13F filings?

As of today, AJAN has moved -0.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of -0.5%. Since the quarter end (March 31, 2026), AJAN has gained +6.2% vs +14.0% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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