Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INNOVATOR ETFS TRUST (NAUG)

45 + Investors. Track Smart Money conviction in NAUG. 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
29%

Smart Money Signals — NAUG

Based on 45 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 5Q
For 1 consecutive quarter, more hedge funds reduced or closed their NAUG 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 — 94% of 1.5Y peak

94% of all-time peak
45 funds currently hold this stock — 94% of the 1.5-year high of 48 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +105% more funds vs a year ago

fund count last 6Q
+23 new funds entered over the past year (+105% 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. The peak was reached in just 4 quarters from the low — a sharp move.
🔴

Heavy selling pressure — only 29% buying

12 buying29 selling
Last quarter: 29 funds sold vs only 12 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-21 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 3 → 5 → 28 → 7. 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.
🔄

Mostly new holders — 62% entered in last year

■ 0% conviction (2yr+) ■ 38% medium ■ 62% new
Only 0 funds (0%) 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.
➡️

Steady discovery — ~7 new funds/quarter

6 → 3 → 5 → 28 → 7 new funds/Q
New funds entering each quarter: 3 → 5 → 28 → 7. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱

Early stage — 67% of holders entered in last year

■ 0% veterans ■ 33% 1-2yr ■ 67% new
Of 45 current holders: 30 (67%) entered in the past year, only 0 (0%) 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.
📋

Smaller funds dominant — 0% AUM from top-100

0% from top-100 AUM funds
3 of 45 holders rank in the top 100 by AUM, but together hold only 0% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
7.3
out of 10
High Exit Risk
Exit risk score 7.3/10 — multiple crowding signals converge. Institutional ownership is at 94% of its all-time high — near peak crowding. Selling pressure exceeds buying: only 29% of active funds buying. 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.

Institutional Sentiment Summary — NAUG

In 2025 Q4, 12 hedge funds were net buyers of NAUG (7 opened a new position, 5 added to an existing one), while 29 reduced or exited (19 trimmed, 10 sold completely) — a 29% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 45.

Hedge Fund Ownership: NAUG

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

Market Analysis: NAUG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NAUG

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

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 1 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: NAUG
2026 Q1 Stats Unlock in 1 days 45 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 45 48 -6.25%
13F Shares 2M 2M 8.9%
Total Value $66M $59M 11.09%
New Positions 7 28 -21
Increased Positions 5 14 -9
Closed Positions 10 3 +7
Reduced Positions 19 4 +15
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NAUG

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Institutional Holders (2026 Q1)

45 + investors

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

QUARTER:
Top 25 institutional holders of NAUG — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sherry Group, Inc. 1.25% 39,687 $1.1M
2 CORRADO ADVISORS, LLC 0.98% 65,026 $1.9M
3 Gradient Investments LLC 0.56% 1,239,641 $35.9M
4 ALTERNA WEALTH MANAGEMENT, INC 0.21% 9,691 $281K
5 Paladin Wealth, LLC 0.19% 9,606 $278K
6 A4 Wealth Advisors LLC 0.17% 7,135 $207K
7 Brown Financial Advisors 0.16% 14,602 $423K
8 CWC Advisors, LLC. 0.12% 8,697 $252K
9 TopTier Wealth Management, LLC 0.06% 3,364 $97K
10 Mattson Financial Services, LLC 0.06% 8,486 $246K
11 Diligent Investors, LLC 0.06% 7,700 $223K
12 DHJJ Financial Advisors, Ltd. 0.05% 5,685 $165K
13 Trek Financial, LLC 0.02% 12,077 $350K
14 Tradition Wealth Management, LLC 0.01% 7,001 $203K
15 OLD MISSION CAPITAL LLC 0.01% 19,454 $563K
16 Kestra Advisory Services, LLC 0.01% 52,960 $1.5M
17 NBC SECURITIES, INC. 0.01% 2,387 $69K
18 COMMONWEALTH EQUITY SERVICES, LLC 0.00% 107,722 $3.1M
19 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% 2,300 $67K
20 AE Wealth Management LLC 0.00% 24,316 $704K
21 Keating Financial Advisory Services, Inc. 0.00% 620 $18K
22 Merit Financial Group, LLC 0.00% 13,230 $383K
23 Cetera Investment Advisers 0.00% 88,302 $2.6M
24 Phoenix Financial Ltd. 0.00% 8,730 $253K
25 HighTower Advisors, LLC 0.00% 72,626 $2.1M
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 (NAUG)

What does the Smart Money Trend signal show for NAUG?

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

Heavy selling pressure — only 29% buying: Last quarter: 29 funds sold vs only 12 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 NAUG holders?

Smaller funds dominant — 0% AUM from top-100: 3 of 45 holders rank in the top 100 by AUM, but together hold only 0% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held NAUG?

Mostly new holders — 62% entered in last year: Only 0 funds (0%) 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.