Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (KAUG)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
2Q ▼
Buyers last Q
29%

Smart Money Signals — KAUG

Based on 40 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their KAUG 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 — 93% of 2.2Y peak

93% of all-time peak
40 funds currently hold this stock — 93% of the 2.2-year high of 43 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +21% more funds vs a year ago

fund count last 6Q
+7 new funds entered over the past year (+21% 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.
🔴

Heavy selling pressure — only 29% buying

10 buying25 selling
Last quarter: 25 funds sold vs only 10 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~5 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 9 → 5 → 5. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 20% entered in last year

■ 2% conviction (2yr+) ■ 78% medium ■ 20% new
Only 1 funds (2%) 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.
⚠️

Saturation — most institutions already know this story

4 → 8 → 9 → 5 → 5 new funds/Q
New funds entering each quarter: 8 → 9 → 5 → 5. 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.
📊

Mixed cohorts — 2% veterans, 28% new entrants

■ 2% veterans ■ 70% 1-2yr ■ 28% new
Of 40 current holders: 1 (2%) held 2+ years, 28 held 1–2 years, 11 (28%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 15% AUM from top-100

15% from top-100 AUM funds
3 of 40 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.4
out of 10
Moderate Exit Risk
Exit risk score 4.4/10 — 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 — KAUG

In 2026 Q2, 10 hedge funds were net buyers of KAUG (5 opened a new position, 5 added to an existing one), while 25 reduced or exited (18 trimmed, 7 sold completely) — a 29% buyer ratio, indicating net institutional distribution. Net selling has persisted for two consecutive quarters. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 40.

Hedge Fund Ownership: KAUG

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

Market Analysis: KAUG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: KAUG

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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
0.5
/ 10
conviction
Hedge Fund Positioning: KAUG
40 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 40 42 -4.76%
13F Shares 2M 2M -25.01%
Total Value $48M $61M -20.77%
New Positions 5 5 -
Increased Positions 5 3 +2
Closed Positions 7 6 +1
Reduced Positions 18 17 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: KAUG

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Valuation Measures Data as of: --

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Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

40 + investors

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

QUARTER:
Top 25 KAUG holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sherry Group, Inc. 0.96% 32,355 $980K
2 Berkshire Money Management, Inc. 0.71% 269,755 $7.7M
3 Miller Financial Services LLC 0.53% 22,925 $656K
4 First Heartland Consultants, Inc. 0.39% 208,493 $6.0M
5 TopTier Wealth Management, LLC 0.22% 12,500 $358K
6 PFS Partners, LLC 0.22% 18,553 $531K
7 SageView Advisory Group, LLC 0.21% 216,870 $5.8M
8 WealthShield Partners, LLC 0.06% 13,400 $384K
9 Outlook Wealth Advisors, LLC 0.06% 9,467 $271K
10 Elmwood Wealth Management, Inc. 0.05% 7,300 $209K
11 Keating Financial Advisory Services, Inc. 0.05% 12,613 $361K
12 Faithward Advisors, LLC 0.05% 13,569 $388K
13 Wealth Alliance, LLC 0.04% 15,221 $436K
14 DHJJ Financial Advisors, Ltd. 0.03% 4,217 $121K
15 Fiduciary Financial Group, LLC 0.03% 9,077 $260K
16 Noble Wealth Management PBC 0.01% 1,000 $29K
17 Blair William & Co/Il 0.01% 130,848 $3.7M
18 Old Mission Capital LLC 0.01% 14,199 $406K
19 Foundations Investment Advisors, LLC 0.01% 19,578 $560K
20 Capital Investment Advisory Services, LLC 0.01% 3,112 $89K
21 Commonwealth Equity Services, LLC 0.00% 118,093 $3.4M
22 Kestra Advisory Services, LLC 0.00% 38,521 $1.1M
23 IFP Advisors, Inc 0.00% 6,857 $196K
24 Creative Planning 0.00% 207,007 $5.9M
25 Evolution Wealth Management INC. 0.00% 200 $6K
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 (KAUG)

What does the Smart Money Trend signal show for KAUG?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their KAUG 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 KAUG?

Heavy selling pressure — only 29% buying: Last quarter: 25 funds sold vs only 10 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 KAUG holders?

Smaller funds dominant — 15% AUM from top-100: 3 of 40 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held KAUG?

Mostly new holders — 20% entered in last year: Only 1 funds (2%) 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.

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