Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INNOVATOR ETFS TRUST (AJAN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
2Q ▼
Buyers last Q
28%

Smart Money Signals — AJAN

Based on 36 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their AJAN 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 — 84% of 2.0Y peak

84% of all-time peak
36 funds currently hold this stock — 84% of the 2.0-year high of 43 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 16% fewer funds vs a year ago

fund count last 6Q
7 fewer hedge funds hold AJAN compared to a year ago (-16% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴

Heavy selling pressure — only 28% buying

9 buying23 selling
Last quarter: 23 funds sold vs only 9 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: 4 → 1 → 5 → 5. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 22% entered in last year

■ 0% conviction (2yr+) ■ 78% medium ■ 22% 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 — ~5 new funds/quarter

7 → 4 → 1 → 5 → 5 new funds/Q
New funds entering each quarter: 4 → 1 → 5 → 5. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊

Mixed cohorts — 0% veterans, 33% new entrants

■ 0% veterans ■ 67% 1-2yr ■ 33% new
Of 36 current holders: 0 (0%) held 2+ years, 24 held 1–2 years, 12 (33%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 7% AUM from top-100

7% from top-100 AUM funds
5 of 36 holders rank in the top 100 by AUM, but together hold only 7% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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: AJAN

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

Market Analysis: AJAN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: AJAN

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: AJAN
2026 Q1 Stats Unlock in 17 days 36 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 36 39 -7.69%
13F Shares 663K 811K -18.31%
Total Value $18M $22M -17.29%
New Positions 5 5 -
Increased Positions 4 4 -
Closed Positions 8 7 +1
Reduced Positions 15 18 -3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: AJAN

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)

36 + investors

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

Top 15 institutional holders of AJAN — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Balance Wealth, LLC 0.16% 19,195 $531K
2 KFG WEALTH MANAGEMENT, LLC 0.13% 35,129 $971K
3 BridgePort Financial Solutions, LLC 0.09% 11,309 $313K
4 MILESTONE ASSET MANAGEMENT, LLC 0.08% 15,312 $423K
5 GILL CAPITAL PARTNERS, LLC 0.03% 3,570 $99K
6 CoreCap Advisors, LLC 0.02% 20,083 $555K
7 Fragasso Financial Advisors Inc 0.02% 10,683 $296K
8 Brookstone Capital Management 0.00% 15,009 $415K
9 COMMONWEALTH EQUITY SERVICES, LLC 0.00% 77,590 $2.1M
10 Kestra Advisory Services, LLC 0.00% 21,446 $593K
11 Merit Financial Group, LLC 0.00% 10,268 $284K
12 Cambridge Investment Research Advisors, Inc. 0.00% 25,347 —
13 Sound Income Strategies, LLC 0.00% 1,135 $31K
14 Farther Finance Advisors, LLC 0.00% 4,813 $133K
15 IFP Advisors, Inc 0.00% 700 $19K
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 (AJAN)

What does the Smart Money Trend signal show for AJAN?

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

Heavy selling pressure — only 28% buying: Last quarter: 23 funds sold vs only 9 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 AJAN holders?

Smaller funds dominant — 7% AUM from top-100: 5 of 36 holders rank in the top 100 by AUM, but together hold only 7% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held AJAN?

Mostly new holders — 22% 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.