Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INNOVATOR ETFS TRUST (BALT)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +39
Streak
10Q ▲
Buyers last Q
70%

Smart Money Signals — BALT

Based on 249 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 10 quarters in a row

last 6Q
For 10 consecutive quarters, more hedge funds added BALT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
249 hedge funds hold BALT right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +71% more funds vs a year ago

fund count last 6Q
+103 new funds entered over the past year (+71% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 70% buying

169 buying72 selling
Last quarter: 169 funds were net buyers (56 opened a brand new position + 113 added to an existing one). Only 72 were sellers (55 trimmed + 17 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+19 vs last Q)

new funds entering per quarter
Funds opening a new BALT position: 51 → 28 → 37 → 56. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 30% long-term, 36% new

■ 30% conviction (2yr+) ■ 34% medium ■ 36% new
Of the 249 current holders: 75 (30%) held >2 years, 84 held 1–2 years, and 90 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.
📈

Growing discovery — still being found

32 → 51 → 28 → 37 → 56 new funds/Q
New funds entering each quarter: 51 → 28 → 37 → 56. A growing number of institutions are discovering BALT each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 31% veterans, 49% new entrants

■ 31% veterans ■ 20% 1-2yr ■ 49% new
Of 249 current holders: 78 (31%) held 2+ years, 50 held 1–2 years, 121 (49%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 13% AUM from top-100

13% from top-100 AUM funds
9 of 249 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.6
out of 10
Moderate Exit Risk
Exit risk score 4.6/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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.

Hedge Fund Ownership: BALT

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

Market Analysis: BALT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BALT

-- --

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

7 top-rated funds 12 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
3.6
/ 10
conviction
Hedge Fund Positioning: BALT
2026 Q1 Stats Unlock in 10 days 249 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 249 210 18.57%
13F Shares 43M 36M 19.51%
Total Value $1.45B $1.18B 22.09%
New Positions 56 37 +19
Increased Positions 113 108 +5
Closed Positions 17 17 -
Reduced Positions 55 42 +13
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BALT

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
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Net Income Avi to Common (ttm) --
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Institutional Holders (2026 Q1)

249 + investors

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

Top 25 institutional holders of BALT — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 LEE JOHNSON CAPITAL MANAGEMENT, LLC 16.83% 1,402,959 $47.0M
2 PTM WEALTH MANAGEMENT, LLC 14.00% 787,160 $26.4M
3 Kure Advisory, LLC 12.96% 711,047 $23.8M
4 Crown Wealth Group, LLC 9.21% 936,959 $31.4M
5 ATX Financial Planning, LLC 7.88% 309,856 $10.4M
6 Compass Advisory Group LLC 7.70% 859,423 $28.8M
7 NBZ Investment Advisors LLC 7.16% 490,322 $16.4M
8 Wealthquest Corp 5.98% 2,362,580 $79.2M
9 Dominguez Wealth Management Solutions, Inc. 5.55% 273,693 $9.2M
10 Long Island Wealth Management, Inc. 3.75% 241,412 $8.1M
11 CENTRAL VALLEY ADVISORS, LLC 2.89% 315,953 $10.6M
12 Holos Integrated Wealth LLC 2.86% 168,418 $5.7M
13 Code Waechter LLC 2.77% 139,374 $4.7M
14 Prairie Wealth Advisors, Inc. 2.67% — $6.2M
15 PERSONAL CFO SOLUTIONS, LLC 2.59% 550,278 $18.4M
16 NewCorp Financial Services, Inc. 2.55% 87,940 $2.9M
17 Whipplewood Advisors, LLC 2.48% 142,568 $4.8M
18 Ballast Rock Private Wealth LLC 2.43% 131,547 $4.4M
19 Financial Designs Corp 2.22% 118,990 $4.0M
20 Archer Investment Corp 2.20% 308,540 $10.3M
21 CRA Financial Services, LLC 1.97% 453,312 $15.2M
22 Cannon Advisors, Inc. 1.71% 68,856 $2.3M
23 Pachira Investments Inc. 1.67% 106,973 $3.6M
24 Fiscal Wisdom Wealth Management, LLC 1.67% 51,996 $1.7M
25 Clear Creek Financial Management, LLC 1.57% 613,106 $20.5M
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 (BALT)

What does the Smart Money Trend signal show for BALT?

Buying streak — 10 quarters in a row: For 10 consecutive quarters, more hedge funds added BALT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BALT?

More buyers than sellers — 70% buying: Last quarter: 169 funds were net buyers (56 opened a brand new position + 113 added to an existing one). Only 72 were sellers (55 trimmed + 17 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for BALT holders?

Smaller funds dominant — 13% AUM from top-100: 9 of 249 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held BALT?

Mixed — 30% long-term, 36% new: Of the 249 current holders: 75 (30%) held >2 years, 84 held 1–2 years, and 90 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.

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.