Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INNOVATOR ETFS TRUST (NMAR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
3Q ▲
Buyers last Q
47%

Smart Money Signals — NMAR

Based on 30 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 3Q
For 3 consecutive quarters, more hedge funds added NMAR 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
30 hedge funds hold NMAR right now — the highest count in 1.0 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.
🟠

More sellers than buyers — 47% buying

9 buying10 selling
Last quarter: 10 funds reduced or exited vs 9 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~3 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 4 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 43% entered in last year

■ 0% conviction (2yr+) ■ 57% medium ■ 43% 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.
⚠️

Saturation — most institutions already know this story

8 → 4 → 3 new funds/Q
New funds entering each quarter: 8 → 4 → 3. 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.
🌱

Early stage — 100% of holders entered in last year

■ 0% veterans ■ 0% 1-2yr ■ 100% new
Of 30 current holders: 30 (100%) 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 — 1% AUM from top-100

1% from top-100 AUM funds
2 of 30 holders rank in the top 100 by AUM, but together hold only 1% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.7
out of 10
Moderate Exit Risk
Exit risk score 4.7/10 — 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 — NMAR

In 2025 Q4, 9 hedge funds were net buyers of NMAR (3 opened a new position, 6 added to an existing one), while 10 reduced or exited (8 trimmed, 2 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 30.

Hedge Fund Ownership: NMAR

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

Market Analysis: NMAR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NMAR

-- --

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.

4 top-rated funds 0 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: NMAR
2026 Q1 Stats Unlock in 8 days 30 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 30 29 3.45%
13F Shares 1M 1M 1.47%
Total Value $33M $32M 3.71%
New Positions 3 4 -1
Increased Positions 6 7 -1
Closed Positions 2 2 -
Reduced Positions 8 13 -5
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NMAR

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)

30 + investors

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

Top 25 institutional holders of NMAR — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Element Squared LLC 21.94% 1,323,926 $38.9M
2 CORRADO ADVISORS, LLC 1.25% 81,540 $2.4M
3 TrustBank 0.30% 25,925 $762K
4 FSA Advisors, Inc. 0.17% 8,868 $261K
5 Diligent Investors, LLC 0.09% 12,300 $361K
6 DHJJ Financial Advisors, Ltd. 0.08% 8,098 $238K
7 Stonebridge Financial Group, LLC 0.04% 15,783 $464K
8 Cyndeo Wealth Partners, LLC 0.03% 21,212 $623K
9 TopTier Wealth Management, LLC 0.02% 963 $28K
10 FOUNDERS FINANCIAL SECURITIES LLC 0.01% 7,741 $234K
11 Phoenix Financial Ltd. 0.01% 36,505 $1.1M
12 INTEGRITY ALLIANCE, LLC. 0.01% 7,322 $215K
13 Mutual Advisors, LLC 0.01% 10,314 $303K
14 Kestra Advisory Services, LLC 0.00% 30,842 $906K
15 Merit Financial Group, LLC 0.00% 14,432 $424K
16 IFP Advisors, Inc 0.00% 4,479 $132K
17 COMMONWEALTH EQUITY SERVICES, LLC 0.00% 48,744 $1.4M
18 AdvisorNet Financial, Inc 0.00% 998 $29K
19 TRUIST FINANCIAL CORP 0.00% 29,249 $859K
20 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% 600 $18K
21 MML INVESTORS SERVICES, LLC 0.00% 12,028 $353K
22 Cambridge Investment Research Advisors, Inc. 0.00% 7,786 —
23 LPL Financial LLC 0.00% 34,900 $1.0M
24 ENVESTNET ASSET MANAGEMENT INC 0.00% 25,142 $739K
25 Capital Investment Advisory Services, LLC 0.00% 50 $1K
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 (NMAR)

What does the Smart Money Trend signal show for NMAR?

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

More sellers than buyers — 47% buying: Last quarter: 10 funds reduced or exited vs 9 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for NMAR holders?

Smaller funds dominant — 1% AUM from top-100: 2 of 30 holders rank in the top 100 by AUM, but together hold only 1% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held NMAR?

Mostly new holders — 43% 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.