Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (APRJ)

24 + Investors. Track Smart Money conviction in APRJ. 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
50%

Smart Money Signals — APRJ

Based on 24 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 APRJ 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
24 funds currently hold this stock — 86% of the 3.0-year high of 28 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 8% fewer funds vs a year ago

fund count last 6Q
2 fewer hedge funds hold APRJ compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

11 buying11 selling
Last quarter: 11 funds bought or added vs 11 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~3 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 0 → 4 → 7 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 33% long-term, 25% new

■ 33% conviction (2yr+) ■ 42% medium ■ 25% new
Of the 24 current holders: 8 (33%) held >2 years, 10 held 1–2 years, and 6 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
➡️

Steady discovery — ~3 new funds/quarter

5 → 0 → 4 → 7 → 3 new funds/Q
New funds entering each quarter: 0 → 4 → 7 → 3. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 50% veterans vs 33% newcomers

■ 50% veterans ■ 17% 1-2yr ■ 33% new
Entry-cohort mix of 24 holders: 12 (50%) are 2+ year veterans, 4 entered 1–2 years ago, and 8 (33%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 7% AUM from top-100

7% from top-100 AUM funds
4 of 24 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.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — 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 — APRJ

In 2026 Q1, 11 hedge funds were net buyers of APRJ (3 opened a new position, 8 added to an existing one), while 11 reduced or exited (4 trimmed, 7 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 24.

Hedge Fund Ownership: APRJ

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

Market Analysis: APRJ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: APRJ

-- --

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

Is It Too Late to Buy Innovator Etfs Trust (APRJ) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much APRJ 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 · 79d ago
APRJ
+2.5%
SPY
+13.9%

APRJ outperformed SPY by -11.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
APRJ
+0.5%
SPY
+0.2%

Since the filing became public, APRJ outperformed SPY by +0.3% .

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: APRJ
24 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 24 28 -14.29%
13F Shares 598K 692K -13.61%
Total Value $14M $17M -15.72%
New Positions 3 7 -4
Increased Positions 8 6 +2
Closed Positions 7 3 +4
Reduced Positions 4 7 -3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: APRJ

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Valuation Measures Data as of: --

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

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
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Income Statement & Cash Flow
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

24 + investors

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

QUARTER:
Top 23 APRJ holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Arista Wealth Management, LLC 0.12% 40,710 $997K
2 Financial Network Wealth Advisors LLC 0.08% 3,194 $78K
3 Harbour Investments, INC. 0.05% 137,538 $3.4M
4 World Investment Advisors 0.05% 131,052 $3.2M
5 Maia Wealth LLC 0.05% 12,358 $303K
6 Sunbelt Securities, Inc. 0.02% 15,970 $391K
7 WealthPlan Investment Management, LLC 0.02% 12,630 $309K
8 Brookstone Capital Management 0.02% 55,987 $1.4M
9 CoreCap Advisors, LLC 0.01% 17,769 $435K
10 Mutual Advisors, LLC 0.01% 15,090 $370K
11 Vestmark Advisory Solutions, Inc. 0.01% 25,835 $633K
12 Commonwealth Equity Services, LLC 0.00% 70,033 $1.7M
13 DHJJ Financial Advisors, Ltd. 0.00% 213 $5K
14 AE Wealth Management LLC 0.00% 1,619 $40K
15 LPL Financial LLC 0.00% 32,911 $806K
16 Osaic Holdings, INC. 0.00% 5,212 $128K
17 Ashton Thomas Private Wealth, LLC 0.00% 145 $4K
18 IFP Advisors, Inc 0.00% 160 $4K
19 Steward Partners Investment Advisory, LLC 0.00% 286 $7K
20 Susquehanna International Group, LLP 0.00% 8,986 $220K
21 Farther Finance Advisors, LLC 0.00% 39 —
22 UBS Group AG 0.00% 606 $15K
23 Morgan Stanley 0.00% 1 —
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 (APRJ)

What does the Smart Money Trend signal show for APRJ?

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

Slight buying edge — 50% buying: Last quarter: 11 funds bought or added vs 11 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for APRJ holders?

Smaller funds dominant — 7% AUM from top-100: 4 of 24 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 APRJ?

Mixed — 33% long-term, 25% new: Of the 24 current holders: 8 (33%) held >2 years, 10 held 1–2 years, and 6 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Innovator Etfs Trust (APRJ) following the 2026 Q1 hedge fund 13F filings?

As of today, APRJ has moved +0.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +0.3%. Since the quarter end (March 31, 2026), APRJ has gained +2.5% vs +13.9% 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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