Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INNOVATOR ETFS TRUST (BFRZ)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +9
Streak
3Q ▲
Buyers last Q
89%

Smart Money Signals — BFRZ

Based on 27 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added BFRZ 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
27 hedge funds hold BFRZ 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 — +2600% more funds vs a year ago

fund count last 6Q
+26 new funds entered over the past year (+2600% 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 — 89% buying

25 buying3 selling
Last quarter: 25 funds were net buyers (11 opened a brand new position + 14 added to an existing one). Only 3 were sellers (1 trimmed + 2 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~11 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 0 → 8 → 10 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 96% entered in last year

■ 4% conviction (2yr+) ■ 0% medium ■ 96% new
Only 1 funds (4%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
📈

Growing discovery — still being found

0 → 0 → 8 → 10 → 11 new funds/Q
New funds entering each quarter: 0 → 8 → 10 → 11. A growing number of institutions are discovering BFRZ each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱

Early stage — 96% of holders entered in last year

■ 4% veterans ■ 0% 1-2yr ■ 96% new
Of 27 current holders: 26 (96%) entered in the past year, only 1 (4%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
✅

Strong quality — 26% AUM from major funds

26% from top-100 AUM funds
1 of 27 holders rank in the top 100 by AUM, accounting for 26% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
7.4
out of 10
High Exit Risk
Exit risk score 7.4/10 — multiple crowding signals converge. Institutional ownership is at 100% of its all-time high — near peak crowding. Crowded trades can unwind fast — a single catalyst can trigger a cascade.

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: BFRZ

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

Market Analysis: BFRZ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BFRZ

-- --

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.

2 top-rated funds 1 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: BFRZ
2026 Q1 Stats Unlock in 9 days 27 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 27 18 50.0%
13F Shares 2M 1M 58.67%
Total Value $54M $34M 60.2%
New Positions 11 10 +1
Increased Positions 14 8 +6
Closed Positions 2 0 +2
Reduced Positions 1 0 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BFRZ

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
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
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

27 + investors

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

Top 25 institutional holders of BFRZ — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 ATX Financial Planning, LLC 3.85% 192,402 $5.1M
2 Balance Wealth, LLC 1.23% 150,758 $4.0M
3 Triad Wealth Partners, LLC 0.57% 273,585 $7.2M
4 WEALTHGARDEN F.S. LLC 0.37% 20,565 $542K
5 Maia Wealth LLC 0.35% 79,332 $2.1M
6 Encompass More Asset Management 0.29% 65,607 $1.7M
7 NewCorp Financial Services, Inc. 0.26% 11,263 $297K
8 Signal Advisors Wealth, LLC 0.17% 95,511 $2.5M
9 Range Financial Group LLC 0.14% 16,222 $428K
10 Sigma Planning Corp 0.13% 173,818 $4.6M
11 Vantage Point Financial LLC 0.09% 9,741 $257K
12 Legacy Wealth Managment, LLC/ID 0.09% 6,601 $174K
13 BridgePort Financial Solutions, LLC 0.08% 10,544 $278K
14 Sovran Advisors, LLC 0.08% 37,451 $990K
15 Brookstone Capital Management 0.04% 135,875 $3.6M
16 Accurate Wealth Management, LLC 0.04% 12,857 $339K
17 SeaCrest Wealth Management, LLC 0.04% 13,250 $349K
18 SIGNATUREFD, LLC 0.02% 47,853 $1.3M
19 Kestra Advisory Services, LLC 0.02% 192,340 $5.1M
20 Farther Finance Advisors, LLC 0.02% 70,318 $1.9M
21 INDEPENDENT FINANCIAL GROUP, LLC 0.01% 15,732 $415K
22 Atria Investments, Inc 0.01% 35,544 $937K
23 World Investment Advisors 0.01% 24,525 $646K
24 Cambridge Investment Research Advisors, Inc. 0.01% 110,968 $3K
25 Sound Income Strategies, LLC 0.01% 4,353 $115K
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 (BFRZ)

What does the Smart Money Trend signal show for BFRZ?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added BFRZ 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 BFRZ?

More buyers than sellers — 89% buying: Last quarter: 25 funds were net buyers (11 opened a brand new position + 14 added to an existing one). Only 3 were sellers (1 trimmed + 2 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for BFRZ holders?

Strong quality — 26% AUM from major funds: 1 of 27 holders rank in the top 100 by AUM, accounting for 26% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BFRZ?

Mostly new holders — 96% entered in last year: Only 1 funds (4%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

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.