Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (APRJ)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
40%

Smart Money Signals — APRJ

Based on 25 hedge funds · latest filing: 2026 Q2 · 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 3.0Y peak

89% of all-time peak
25 funds currently hold this stock — 89% of the 3.0-year high of 28 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +9% more funds vs a year ago

fund count last 6Q
+2 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 40% buying

8 buying12 selling
Last quarter: 12 funds reduced or exited vs 8 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~4 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 4 → 7 → 4 → 4. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 32% medium ■ 16% new
13 out of 25 hedge funds have held APRJ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

0 → 4 → 7 → 4 → 4 new funds/Q
New funds entering each quarter: 4 → 7 → 4 → 4. APRJ is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 52% veterans vs 24% newcomers

■ 52% veterans ■ 24% 1-2yr ■ 24% new
Entry-cohort mix of 25 holders: 13 (52%) are 2+ year veterans, 6 entered 1–2 years ago, and 6 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 4% AUM from top-100

4% from top-100 AUM funds
3 of 25 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 — APRJ

In 2026 Q2, 8 hedge funds were net buyers of APRJ (4 opened a new position, 4 added to an existing one), while 12 reduced or exited (8 trimmed, 4 sold completely) — a 40% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 25.

Hedge Fund Ownership: APRJ

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

Market Analysis: APRJ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: APRJ

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

0 top-rated funds 0 high-conviction
Consensus
0.0
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: APRJ
25 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 25 25 -
13F Shares 681K 686K -0.6%
Total Value $17M $17M 0.24%
New Positions 4 4 -
Increased Positions 4 8 -4
Closed Positions 4 7 -3
Reduced Positions 8 4 +4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: APRJ

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Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

25 + investors

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

QUARTER:
Top 24 APRJ holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Vima LLC 0.98% 40,441 $1.0M
2 Mtm Financial Group, LLC 0.91% 85,912 $2.1M
3 Financial Network Wealth Advisors LLC 0.08% 3,194 $79K
4 World Investment Advisors 0.05% 131,052 $3.2M
5 Maia Wealth LLC 0.05% 12,504 $309K
6 Harbour Investments, INC. 0.03% 87,908 $2.2M
7 CoreCap Advisors, LLC 0.01% 16,878 $418K
8 Brookstone Capital Management 0.01% 41,956 $1.0M
9 Old Mission Capital LLC 0.01% 21,593 $534K
10 Mutual Advisors, LLC 0.01% 14,924 $369K
11 Vestmark Advisory Solutions, Inc. 0.01% 25,835 $639K
12 Summit Financial, LLC 0.00% 13,400 $337K
13 Commonwealth Equity Services, LLC 0.00% 72,442 $1.8M
14 DHJJ Financial Advisors, Ltd. 0.00% 213 $5K
15 AE Wealth Management LLC 0.00% 1,619 $40K
16 LPL Financial LLC 0.00% 29,871 $739K
17 Osaic Holdings, INC. 0.00% 5,276 $131K
18 Susquehanna International Group, LLP 0.00% 49,897 $1.2M
19 IFP Advisors, Inc 0.00% 160 $4K
20 Steward Partners Investment Advisory, LLC 0.00% 286 $7K
21 Jane Street Group, LLC 0.00% 16,464 $407K
22 Farther Finance Advisors, LLC 0.00% 38 —
23 UBS Group AG 0.00% 195 $5K
24 Morgan Stanley 0.00% 1 —
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 (APRJ)

What does the Smart Money Trend signal show for APRJ?

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 APRJ?

More sellers than buyers — 40% buying: Last quarter: 12 funds reduced or exited vs 8 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for APRJ holders?

Smaller funds dominant — 4% AUM from top-100: 3 of 25 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held APRJ?

52% of holders stayed for 2+ years: 13 out of 25 hedge funds have held APRJ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

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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