Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INNOVATOR ETFS TRUST (BSTP)

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

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
1Q ▼
Buyers last Q
38%

Smart Money Signals — BSTP

Based on 38 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their BSTP 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
38 hedge funds hold BSTP 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding BSTP is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
🔴

Heavy selling pressure — only 38% buying

11 buying18 selling
Last quarter: 18 funds sold vs only 11 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~1 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 2 → 5 → 2 → 1. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

58% of holders stayed for 2+ years

58% conviction (2yr+) 39% medium 3% new
22 out of 38 hedge funds have held BSTP 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.
⚠️

Saturation — most institutions already know this story

11 → 2 → 5 → 2 → 1 new funds/Q
New funds entering each quarter: 2 → 5 → 2 → 1. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🏛️

Deep conviction — 55% of holders stayed 2+ years

55% veterans 21% 1-2yr 24% new
Of 38 current holders: 21 (55%) 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 — 5% AUM from top-100

5% from top-100 AUM funds
5 of 38 holders rank in the top 100 by AUM, but together hold only 5% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 — BSTP

In 2025 Q4, 11 hedge funds were net buyers of BSTP (1 opened a new position, 10 added to an existing one), while 18 reduced or exited (16 trimmed, 2 sold completely) — a 38% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 38.

Hedge Fund Ownership: BSTP

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

Market Analysis: BSTP

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BSTP

-- --

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

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

Signal Freshness measures how much BSTP 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 · 49d ago
BSTP
+7.7%
SPY
+42.5%

BSTP outperformed SPY by -34.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 4d ago
BSTP
+0.0%
SPY
-1.8%

Since the filing became public, BSTP outperformed SPY by +1.8% .

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.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: BSTP
2026 Q1 Stats Unlock in 1 days 38 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 38 39 -2.56%
13F Shares 1M 1M -1.37%
Total Value $47M $46M 0.27%
New Positions 1 2 -1
Increased Positions 10 12 -2
Closed Positions 2 2 -
Reduced Positions 16 15 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BSTP

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Institutional Holders (2026 Q1)

38 + investors

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

QUARTER:
Top 25 institutional holders of BSTP — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Triton Financial Group Inc 5.76% 90,353 $3.3M
2 D.B. Root & Company, LLC 1.82% 211,438 $7.6M
3 Vista Cima Wealth Management LLC 1.17% 32,861 $1.2M
4 OFC FINANCIAL PLANNING, LLC 1.13% 31,840 $1.1M
5 Cambridge Advisors Inc. 0.60% 86,065 $3.1M
6 Valtinson Bruner Financial Planning LLC 0.49% 49,786 $1.8M
7 Sunbelt Securities, Inc. 0.47% 205,710 $7.4M
8 Arlington Capital Management, Inc. 0.28% 13,896 $500K
9 FSA Advisors, Inc. 0.14% 6,043 $218K
10 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.14% 75,524 $2.7M
11 Capital Investment Advisory Services, LLC 0.11% 41,864 $1.5M
12 Bedel Financial Consulting, Inc. 0.03% 7,373 $265K
13 Krilogy Financial LLC 0.03% 21,880 $827K
14 KFG WEALTH MANAGEMENT, LLC 0.03% 5,615 $202K
15 OLD MISSION CAPITAL LLC 0.02% 38,698 $1.4M
16 GeoWealth Management, LLC 0.02% 14,950 $538K
17 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.01% 19,594 $706K
18 Brookstone Capital Management 0.01% 27,642 $995K
19 PRINCIPAL SECURITIES, INC. 0.01% 12,472 $449K
20 OSAIC HOLDINGS, INC. 0.01% 114,210 $4.1M
21 DIVERSIFY WEALTH MANAGEMENT, LLC 0.01% 7,731 $294K
22 COMMONWEALTH EQUITY SERVICES, LLC 0.00% 55,782 $2.0M
23 Cetera Investment Advisers 0.00% 63,539 $2.3M
24 Merit Financial Group, LLC 0.00% 8,173 $294K
25 Aptus Capital Advisors, LLC 0.00% 4,075 $147K
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 (BSTP)

What does the Smart Money Trend signal show for BSTP?

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

Heavy selling pressure — only 38% buying: Last quarter: 18 funds sold vs only 11 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 BSTP holders?

Smaller funds dominant — 5% AUM from top-100: 5 of 38 holders rank in the top 100 by AUM, but together hold only 5% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held BSTP?

58% of holders stayed for 2+ years: 22 out of 38 hedge funds have held BSTP 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 (BSTP) following the 2026 Q1 hedge fund 13F filings?

As of today, BSTP has moved +0.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to -1.8% for the SPY sector ETF — an outperformance of +1.8%. Since the quarter end (March 31, 2026), BSTP has gained +7.7% vs +42.5% 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.