Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (BMAY)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
1Q ▼
Buyers last Q
21%

Smart Money Signals — BMAY

Based on 83 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 BMAY positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (97% of max)

97% of all-time peak
83 hedge funds hold BMAY 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.
📶

Steady growth — +8% more funds vs a year ago

fund count last 6Q
+6 new funds entered over the past year (+8% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🔴

Heavy selling pressure — only 21% buying

13 buying50 selling
Last quarter: 50 funds sold vs only 13 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-6 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 14 → 6 → 15 → 9. 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.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 19% medium ■ 17% new
53 out of 83 hedge funds have held BMAY 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 -3%, value -23%

Value
-23%
Shares
-2%
Last quarter: funds added -3% more shares while total portfolio value only changed -23%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~9 new funds/quarter

6 → 14 → 6 → 15 → 9 new funds/Q
New funds entering each quarter: 14 → 6 → 15 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 66% veterans vs 20% newcomers

■ 66% veterans ■ 13% 1-2yr ■ 20% new
Entry-cohort mix of 83 holders: 55 (66%) are 2+ year veterans, 11 entered 1–2 years ago, and 17 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 7% AUM from top-100

7% from top-100 AUM funds
7 of 83 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.
4.8
out of 10
Moderate Exit Risk
Exit risk score 4.8/10 — 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 — BMAY

In 2026 Q1, 13 hedge funds were net buyers of BMAY (9 opened a new position, 4 added to an existing one), while 50 reduced or exited (38 trimmed, 12 sold completely) — a 21% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 83.

Hedge Fund Ownership: BMAY

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

Market Analysis: BMAY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BMAY

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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.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: BMAY
99 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 99 83 19.28%
13F Shares 4M 2M 64.28%
Total Value $147M $79M 85.82%
New Positions 23 9 +14
Increased Positions 32 4 +28
Closed Positions 7 12 -5
Reduced Positions 21 38 -17
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BMAY

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Institutional Holders (2026 Q2)

99 + investors

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

QUARTER:
Top 25 BMAY holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Valtinson Bruner Financial Planning LLC 2.25% 189,813 $9.0M
2 TopTier Wealth Management, LLC 1.03% 36,112 $1.7M
3 Blue Bell Private Wealth Management, LLC 0.56% 94,047 $4.5M
4 Brookstone Capital Management 0.48% 1,018,268 $48.2M
5 Integral Investment Advisors, INC. 0.39% 37,478 $1.8M
6 Beck Capital Management, LLC 0.35% 39,972 $1.9M
7 Lantz Financial LLC 0.33% 37,903 $1.8M
8 Corrado Advisors, LLC 0.31% 14,324 $678K
9 Diligent Investors, LLC 0.29% 27,475 $1.3M
10 Chris Bulman Inc 0.29% 16,507 $782K
11 DHJJ Financial Advisors, Ltd. 0.26% 18,973 $898K
12 My Personal CFO, LLC 0.24% 12,990 $615K
13 Maltin Wealth Management, Inc. 0.21% 13,414 $635K
14 IMG Wealth Management, Inc. 0.20% 7,607 $360K
15 Outlook Wealth Advisors, LLC 0.19% 18,300 $867K
16 Weaver Capital Management LLC 0.17% 16,735 $751K
17 Selby Wealth Management, LLC 0.15% 9,035 $428K
18 Orion Capital Management LLC 0.12% 8,500 $402K
19 Cornerstone Wealth, LLC/TN 0.12% 4,774 $228K
20 Ballast Rock Private Wealth LLC 0.11% 5,187 $246K
21 Weaver Consulting Group 0.11% 11,670 $553K
22 Allegiance Financial Group Advisory Services LLC 0.11% 13,114 $621K
23 FSA Advisors, Inc. 0.11% 4,869 $231K
24 COFG Advisors, LLC 0.10% 12,804 $606K
25 Bluesphere Advisors LLC 0.10% 6,796 $322K
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 (BMAY)

What does the Smart Money Trend signal show for BMAY?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their BMAY 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 BMAY?

Heavy selling pressure — only 21% buying: Last quarter: 50 funds sold vs only 13 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 BMAY holders?

Smaller funds dominant — 7% AUM from top-100: 7 of 83 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 BMAY?

64% of holders stayed for 2+ years: 53 out of 83 hedge funds have held BMAY 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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