Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INNOVATOR ETFS TRUST (BAUG)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -9
Streak
1Q ▼
Buyers last Q
23%

Smart Money Signals — BAUG

Based on 97 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their BAUG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 92% of 3.0Y peak

92% of all-time peak
97 funds currently hold this stock — 92% of the 3.0-year high of 106 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
+8 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.
🔴

Heavy selling pressure — only 23% buying

16 buying53 selling
Last quarter: 53 funds sold vs only 16 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-10 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 12 → 13 → 15 → 5. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

67% of holders stayed for 2+ years

■ 67% conviction (2yr+) ■ 16% medium ■ 16% new
65 out of 97 hedge funds have held BAUG 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.
💎

Buying through price weakness — shares -22%, value -38%

Value
-38%
Shares
-21%
Last quarter: funds added -22% more shares while total portfolio value only changed -38%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

8 → 12 → 13 → 15 → 5 new funds/Q
New funds entering each quarter: 12 → 13 → 15 → 5. BAUG is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 70% of holders stayed 2+ years

■ 70% veterans ■ 12% 1-2yr ■ 18% new
Of 97 current holders: 68 (70%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
📋

Smaller funds dominant — 7% AUM from top-100

7% from top-100 AUM funds
5 of 97 holders rank in the top 100 by AUM, but together hold only 7% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.5
out of 10
Moderate Exit Risk
Exit risk score 4.5/10 — 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.

Institutional Sentiment Summary — BAUG

In 2026 Q1, 16 hedge funds were net buyers of BAUG (5 opened a new position, 11 added to an existing one), while 53 reduced or exited (39 trimmed, 14 sold completely) — a 23% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: -9 funds (more exits than new entries). Total institutional holders: 97.

Hedge Fund Ownership: BAUG

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

Market Analysis: BAUG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BAUG

-- --

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

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

Signal Freshness measures how much BAUG 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 · 71d ago
BAUG
+33.0%
SPY
+11.7%

BAUG outperformed SPY by +21.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 26d ago
BAUG
-0.2%
SPY
-1.7%

Since the filing became public, BAUG outperformed SPY by +1.5% .

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
1.1
/ 10
conviction
Hedge Fund Positioning: BAUG
97 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 97 106 -8.49%
13F Shares 2M 3M -21.72%
Total Value $98M $158M -38.11%
New Positions 5 15 -10
Increased Positions 11 18 -7
Closed Positions 14 6 +8
Reduced Positions 39 41 -2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BAUG

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

97 + investors

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

QUARTER:
Top 25 institutional holders of BAUG — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 TopTier Wealth Management, LLC 1.25% 41,730 $2.0M
2 CHAPMAN FINANCIAL GROUP, LLC 1.01% 28,869 $1.4M
3 FSA Advisors, Inc. 0.85% 26,379 $1.3M
4 CROSSPOINT FINANCIAL, LLC 0.80% 6,548 $320K
5 RED REEF ADVISORS LLC 0.76% 15,000 $751K
6 Diligent Investors, LLC 0.64% 53,266 $2.6M
7 Fortune Financial Group, Inc. 0.44% 10,060 $491K
8 INTEGRAL INVESTMENT ADVISORS, INC. 0.38% 31,357 $1.5M
9 DHJJ Financial Advisors, Ltd. 0.31% 19,024 $929K
10 Beacon Financial Advisory LLC 0.30% 27,071 $1.3M
11 Buska Wealth Management, LLC 0.27% 13,998 $684K
12 Lantz Financial LLC 0.26% 25,666 $1.3M
13 COFG Advisors, LLC 0.25% 20,606 $1.0M
14 Penserra Capital Management LLC 0.23% 409,819 $20K
15 Chris Bulman Inc 0.23% 10,769 $526K
16 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.22% 31,768 $1.6M
17 Weaver Consulting Group 0.21% 18,343 $896K
18 Pinnacle Wealth Management Group, Inc. 0.21% 8,850 $432K
19 CORRADO ADVISORS, LLC 0.19% 7,631 $373K
20 GWN SECURITIES INC. 0.18% 19,731 $964K
21 IMG Wealth Management, Inc. 0.18% 5,893 $288K
22 GTS FINANCIAL, LLC 0.17% 5,056 $215K
23 BCS Wealth Management 0.17% 16,718 $817K
24 BAM Wealth Management, LLC 0.15% 4,107 $201K
25 Share Andrew L. 0.14% 5,976 $292K
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 (BAUG)

What does the Smart Money Trend signal show for BAUG?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their BAUG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BAUG?

Heavy selling pressure — only 23% buying: Last quarter: 53 funds sold vs only 16 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for BAUG holders?

Smaller funds dominant — 7% AUM from top-100: 5 of 97 holders rank in the top 100 by AUM, but together hold only 7% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held BAUG?

67% of holders stayed for 2+ years: 65 out of 97 hedge funds have held BAUG 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.

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

As of today, BAUG has moved -0.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to -1.7% for the SPY sector ETF — an outperformance of +1.5%. Since the quarter end (March 31, 2026), BAUG has gained +33.0% vs +11.7% 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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