Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INNOVATOR ETFS TRUST (PJAN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +15
Streak
1Q ▲
Buyers last Q
48%

Smart Money Signals — PJAN

Based on 237 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 PJAN 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
237 hedge funds hold PJAN 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 — +15% more funds vs a year ago

fund count last 6Q
+31 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 48% buying

99 buying106 selling
Last quarter: 106 funds reduced or exited vs 99 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 (+18 vs last Q)

new funds entering per quarter
Funds opening a new PJAN position: 36 → 18 → 19 → 37. 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+) ■ 32% medium ■ 16% new
122 out of 237 hedge funds have held PJAN 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.
➡️

Steady discovery — ~37 new funds/quarter

26 → 36 → 18 → 19 → 37 new funds/Q
New funds entering each quarter: 36 → 18 → 19 → 37. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 50% of holders stayed 2+ years

■ 50% veterans ■ 27% 1-2yr ■ 23% new
Of 237 current holders: 119 (50%) 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.
✅

Strong quality — 24% AUM from major funds

24% from top-100 AUM funds
9 of 237 holders rank in the top 100 by AUM, accounting for 24% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
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.

Hedge Fund Ownership: PJAN

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

Market Analysis: PJAN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PJAN

-- --

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.

13 top-rated funds 9 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
4.3
/ 10
conviction
Hedge Fund Positioning: PJAN
2026 Q1 Stats Unlock in 10 days 237 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 237 222 6.76%
13F Shares 21M 19M 12.18%
Total Value $995M $865M 14.96%
New Positions 37 19 +18
Increased Positions 62 33 +29
Closed Positions 22 26 -4
Reduced Positions 84 95 -11
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PJAN

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

237 + investors

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

Top 25 institutional holders of PJAN — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Forty-three Eighteen Advisors, LLC 4.93% 141,958 $6.5M
2 Compass Advisory Group LLC 4.57% 370,574 $17.1M
3 PERSONAL CFO SOLUTIONS, LLC 3.85% 593,514 $27.4M
4 Hardworking Capital Advisors, LLC 3.56% 82,412 $3.8M
5 Southland Equity Partners LLC 3.45% 384,166 $17.7M
6 Fortune Financial Group, Inc. 3.36% 80,936 $3.7M
7 Range Financial Group LLC 2.23% 143,808 $6.6M
8 Long Island Wealth Management, Inc. 2.22% 103,874 $4.8M
9 Liberty Atlantic Advisors LLC 2.19% 55,562 $2.6M
10 LeClair Wealth Partners LLC 2.01% 126,115 $5.8M
11 Blue Water Asset Management 2.01% 126,115 $5.8M
12 WEST MICHIGAN ADVISORS, LLC 1.73% 171,045 $7.9M
13 GILL CAPITAL PARTNERS, LLC 1.59% 119,887 $5.5M
14 RED CRANE WEALTH MANAGEMENT, LLC 1.45% 38,110 $1.8M
15 BCGM Wealth Management, LLC 1.42% 122,471 $5.6M
16 FSA Advisors, Inc. 1.37% 45,061 $2.1M
17 Ascent Wealth Partners, LLC 1.26% 234,844 $10.8M
18 CORRADO ADVISORS, LLC 1.23% 51,086 $2.4M
19 AA Financial Advisors, LLC 1.15% 177,189 $8.2M
20 Pacific Park Financial, Inc. 1.05% 34,728 $1.6M
21 TopTier Wealth Management, LLC 1.05% 36,858 $1.7M
22 Crown Wealth Group, LLC 1.04% 76,464 $3.5M
23 Element Squared LLC 0.98% 37,821 $1.7M
24 Cassady Wealth & Retirement Planning, LLC 0.97% 31,660 $1.5M
25 Diligent Investors, LLC 0.76% 66,289 $3.1M
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 (PJAN)

What does the Smart Money Trend signal show for PJAN?

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

More sellers than buyers — 48% buying: Last quarter: 106 funds reduced or exited vs 99 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 PJAN holders?

Strong quality — 24% AUM from major funds: 9 of 237 holders rank in the top 100 by AUM, accounting for 24% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held PJAN?

51% of holders stayed for 2+ years: 122 out of 237 hedge funds have held PJAN 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.