Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INNOVATOR ETFS TRUST (APRH)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
1Q ▼
Buyers last Q
48%

Smart Money Signals — APRH

Based on 25 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their APRH 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 — 86% of 3.0Y peak

86% of all-time peak
25 funds currently hold this stock — 86% of the 3.0-year high of 29 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +19% more funds vs a year ago

fund count last 6Q
+4 new funds entered over the past year (+19% 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

10 buying11 selling
Last quarter: 11 funds reduced or exited vs 10 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 — ~2 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 6 → 5 → 5 → 2. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

40% of holders stayed for 2+ years

■ 40% conviction (2yr+) ■ 48% medium ■ 12% new
10 out of 25 hedge funds have held APRH 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.
📊

Peak discovery — momentum slowing

5 → 6 → 5 → 5 → 2 new funds/Q
New funds entering each quarter: 6 → 5 → 5 → 2. APRH is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 48% of holders stayed 2+ years

■ 48% veterans ■ 20% 1-2yr ■ 32% new
Of 25 current holders: 12 (48%) 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 — 8% AUM from top-100

8% from top-100 AUM funds
4 of 25 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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.

Institutional Sentiment Summary — APRH

In 2026 Q1, 10 hedge funds were net buyers of APRH (2 opened a new position, 8 added to an existing one), while 11 reduced or exited (5 trimmed, 6 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 25.

Hedge Fund Ownership: APRH

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

Market Analysis: APRH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: APRH

-- --

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

Is It Too Late to Buy INNOVATOR ETFS TRUST (APRH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much APRH has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 52d ago
APRH
+3.4%
SPY
+14.0%

APRH outperformed SPY by -10.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 7d ago
APRH
+0.4%
SPY
+0.3%

Since the filing became public, APRH outperformed SPY by +0.1% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: APRH
25 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 25 29 -13.79%
13F Shares 538K 547K -1.66%
Total Value $13M $13M -2.17%
New Positions 2 5 -3
Increased Positions 8 7 +1
Closed Positions 6 2 +4
Reduced Positions 5 12 -7
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: APRH

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
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Institutional Holders (2026 Q1)

25 + investors

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

QUARTER:
Top 25 institutional holders of APRH — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Whipplewood Advisors, LLC 0.40% 31,480 $772K
2 CHAPMAN FINANCIAL GROUP, LLC 0.08% 4,800 $118K
3 Maia Wealth LLC 0.07% 17,859 $438K
4 HARBOUR INVESTMENTS, INC. 0.05% 137,309 $3.4M
5 World Investment Advisors 0.04% 109,981 $2.7M
6 Sunbelt Securities, Inc. 0.02% 15,146 $371K
7 OLD MISSION CAPITAL LLC 0.01% 35,317 $866K
8 Soltis Investment Advisors LLC 0.01% 8,469 $208K
9 Brookstone Capital Management 0.01% 37,850 $928K
10 Sound Income Strategies, LLC 0.01% 8,806 $216K
11 Vestmark Advisory Solutions, Inc. 0.00% 9,200 $226K
12 HARBOR INVESTMENT ADVISORY, LLC 0.00% 1,018 $25K
13 COMMONWEALTH EQUITY SERVICES, LLC 0.00% 33,555 $823K
14 MML INVESTORS SERVICES, LLC 0.00% 12,069 $296K
15 HighTower Advisors, LLC 0.00% 23,738 $582K
16 CoreCap Advisors, LLC 0.00% 501 $12K
17 AE Wealth Management LLC 0.00% 2,629 $64K
18 Farther Finance Advisors, LLC 0.00% 1,478 $36K
19 CWM, LLC 0.00% 1,944 $48K
20 LPL Financial LLC 0.00% 18,447 $452K
21 IFP Advisors, Inc 0.00% 130 $3K
22 GOLDMAN SACHS GROUP INC 0.00% 13,305 $326K
23 OSAIC HOLDINGS, INC. 0.00% 917 $22K
24 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% 10,425 $256K
25 UBS Group AG 0.00% 2,032 $50K
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 (APRH)

What does the Smart Money Trend signal show for APRH?

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

More sellers than buyers — 48% buying: Last quarter: 11 funds reduced or exited vs 10 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 APRH holders?

Smaller funds dominant — 8% AUM from top-100: 4 of 25 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held APRH?

40% of holders stayed for 2+ years: 10 out of 25 hedge funds have held APRH 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.

Is it too late to buy INNOVATOR ETFS TRUST (APRH) following the 2026 Q1 hedge fund 13F filings?

As of today, APRH has moved +0.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of +0.1%. Since the quarter end (March 31, 2026), APRH has gained +3.4% vs +14.0% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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