Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INNOVATOR ETFS TRUST (PAPR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +19
Streak
1Q ▲
Buyers last Q
43%

Smart Money Signals — PAPR

Based on 215 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added PAPR 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
215 hedge funds hold PAPR 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
+16 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.
🟠

More sellers than buyers — 43% buying

76 buying102 selling
Last quarter: 102 funds reduced or exited vs 76 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.
📈

More new buyers each quarter (+17 vs last Q)

new funds entering per quarter
Funds opening a new PAPR position: 9 → 27 → 17 → 34. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 27% medium ■ 22% new
109 out of 215 hedge funds have held PAPR 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.
📈

Growing discovery — still being found

23 → 9 → 27 → 17 → 34 new funds/Q
New funds entering each quarter: 9 → 27 → 17 → 34. A growing number of institutions are discovering PAPR each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 53% of holders stayed 2+ years

■ 53% veterans ■ 22% 1-2yr ■ 25% new
Of 215 current holders: 115 (53%) 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 — 19% AUM from top-100

19% from top-100 AUM funds
10 of 215 holders rank in the top 100 by AUM, but together hold only 19% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — 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 — PAPR

In 2025 Q4, 76 hedge funds were net buyers of PAPR (34 opened a new position, 42 added to an existing one), while 102 reduced or exited (87 trimmed, 15 sold completely) — a 43% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: +19 funds (more new holders than closures). Total institutional holders: 215.

Hedge Fund Ownership: PAPR

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

Market Analysis: PAPR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PAPR

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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.

12 top-rated funds 2 high-conviction
Consensus
4.8
/ 10
breadth
×
Elite
2.3
/ 10
conviction
Hedge Fund Positioning: PAPR
2026 Q1 Stats Unlock in 6 days 215 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 215 196 9.69%
13F Shares 15M 16M -3.28%
Total Value $596M $604M -1.28%
New Positions 34 17 +17
Increased Positions 42 33 +9
Closed Positions 15 17 -2
Reduced Positions 87 86 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PAPR

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Institutional Holders (2026 Q1)

215 + investors

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

Top 25 institutional holders of PAPR — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Cassady Wealth & Retirement Planning, LLC 2.75% 107,970 $4.2M
2 Pinnacle Wealth Management Group, Inc. 2.20% 112,506 $4.5M
3 GILL CAPITAL PARTNERS, LLC 1.65% 144,492 $5.8M
4 Southland Equity Partners LLC 1.64% 211,773 $8.4M
5 Bellwether Advisors, LLC 1.43% 211,427 $8.4M
6 Elmwood Wealth Management, Inc. 1.41% 127,902 $5.1M
7 CORRADO ADVISORS, LLC 1.34% 64,371 $2.6M
8 Fortune Financial Group, Inc. 1.25% 34,823 $1.4M
9 AA Financial Advisors, LLC 1.16% 206,504 $8.2M
10 RED CRANE WEALTH MANAGEMENT, LLC 1.07% 32,581 $1.3M
11 Bedel Financial Consulting, Inc. 1.06% 235,927 $9.4M
12 Penserra Capital Management LLC 0.79% 1,683,208 $67K
13 Quest 10 Wealth Builders, Inc. 0.76% 21,730 $865K
14 Blue Water Asset Management 0.74% 53,803 $2.1M
15 LeClair Wealth Partners LLC 0.74% 53,803 $2.1M
16 WPWealth LLP 0.71% 117,413 $4.7M
17 City Center Advisors, LLC 0.71% 19,382 $771K
18 Opus Financial Solutions LLC 0.71% 18,861 $751K
19 Diligent Investors, LLC 0.70% 71,183 $2.8M
20 FSA Advisors, Inc. 0.69% 26,227 $1.0M
21 Helium Advisors LLC 0.67% 17,692 $704K
22 Prairie Wealth Advisors, Inc. 0.64% — $1.5M
23 Chris Bulman Inc 0.58% 33,073 $1.3M
24 Selby Wealth Management, LLC 0.57% 36,635 $1.5M
25 COFG Advisors, LLC 0.56% 57,393 $2.3M
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 (PAPR)

What does the Smart Money Trend signal show for PAPR?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added PAPR 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 PAPR?

More sellers than buyers — 43% buying: Last quarter: 102 funds reduced or exited vs 76 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 PAPR holders?

Smaller funds dominant — 19% AUM from top-100: 10 of 215 holders rank in the top 100 by AUM, but together hold only 19% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held PAPR?

51% of holders stayed for 2+ years: 109 out of 215 hedge funds have held PAPR 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.