Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (BALT)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +18
Streak
11Q ▲
Buyers last Q
63%

Smart Money Signals — BALT

Based on 275 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 11 quarters in a row

last 6Q
For 11 consecutive quarters, more hedge funds added BALT 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
275 hedge funds hold BALT 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.
🚀

Fast accumulation — +46% more funds vs a year ago

fund count last 6Q
+86 new funds entered over the past year (+46% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 63% buying

171 buying101 selling
Last quarter: 171 funds were net buyers (47 opened a brand new position + 124 added to an existing one). Only 101 were sellers (72 trimmed + 29 sold completely). A clear majority buying is a strong confirmation signal.
⚠️

Fewer new buyers each quarter (-9 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 30 → 39 → 56 → 47. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
📌

Mixed — 28% long-term, 37% new

■ 28% conviction (2yr+) ■ 35% medium ■ 37% new
Of the 275 current holders: 76 (28%) held >2 years, 96 held 1–2 years, and 103 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.
📈

Growing discovery — still being found

54 → 30 → 39 → 56 → 47 new funds/Q
New funds entering each quarter: 30 → 39 → 56 → 47. A growing number of institutions are discovering BALT each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 31% veterans, 51% new entrants

■ 31% veterans ■ 18% 1-2yr ■ 51% new
Of 275 current holders: 84 (31%) held 2+ years, 50 held 1–2 years, 141 (51%) 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
7 of 275 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.
4.6
out of 10
Moderate Exit Risk
Exit risk score 4.6/10 — 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 — BALT

In 2026 Q1, 171 hedge funds were net buyers of BALT (47 opened a new position, 124 added to an existing one), while 101 reduced or exited (72 trimmed, 29 sold completely) — a 63% buyer ratio, indicating clear institutional accumulation. This marks 11 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +18 funds (more new holders than closures). Total institutional holders: 275.

Hedge Fund Ownership: BALT

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

Market Analysis: BALT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BALT

-- --

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

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

Signal Freshness measures how much BALT 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 · 75d ago
BALT
+2.2%
SPY
+14.1%

BALT outperformed SPY by -11.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
BALT
+0.4%
SPY
+0.3%

Since the filing became public, BALT 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.

6 top-rated funds 16 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
4.0
/ 10
conviction
Hedge Fund Positioning: BALT
275 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 275 257 7.0%
13F Shares 45M 44M 1.27%
Total Value $1.49B $1.48B 0.99%
New Positions 47 56 -9
Increased Positions 124 117 +7
Closed Positions 29 17 +12
Reduced Positions 72 58 +14
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BALT

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Institutional Holders (2026 Q1)

275 + investors

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

QUARTER:
Top 25 BALT holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Lee Johnson Capital Management, LLC 16.83% 1,402,959 $47.0M
2 Ptm Wealth Management, LLC 14.00% 787,160 $26.4M
3 Kure Advisory, LLC 12.96% 711,047 $23.8M
4 Triton Financial Group Inc 11.52% 197,371 $6.6M
5 Reliant Wealth Planning 10.17% 1,005,348 $33.6M
6 Crown Wealth Group, LLC 9.21% 936,959 $31.4M
7 ATX Financial Planning, LLC 7.88% 309,856 $10.4M
8 Compass Advisory Group LLC 7.70% 859,423 $28.8M
9 NBZ Investment Advisors LLC 7.16% 490,322 $16.4M
10 Wealthquest Corp 5.98% 2,362,580 $79.2M
11 Dominguez Wealth Management Solutions, Inc. 5.55% 273,693 $9.2M
12 Reyes Financial Architecture, Inc. 4.95% 180,835 $6.1M
13 Long Island Wealth Management, Inc. 3.75% 241,412 $8.1M
14 Winnow Wealth LLC 3.52% 136,196 $4.6M
15 PlanVest Financial, Inc 3.45% 135,716 $4.5M
16 Central Valley Advisors, LLC 2.89% 315,953 $10.6M
17 Holos Integrated Wealth LLC 2.86% 168,418 $5.7M
18 Code Waechter LLC 2.77% 139,374 $4.7M
19 Prairie Wealth Advisors, Inc. 2.67% — $6.2M
20 Personal Cfo Solutions, LLC 2.59% 550,278 $18.4M
21 NewCorp Financial Services, Inc. 2.55% 87,940 $2.9M
22 Whipplewood Advisors, LLC 2.48% 142,568 $4.8M
23 Ballast Rock Private Wealth LLC 2.43% 131,547 $4.4M
24 Financial Designs Corp 2.22% 118,990 $4.0M
25 Archer Investment Corp 2.20% 308,540 $10.3M
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 (BALT)

What does the Smart Money Trend signal show for BALT?

Buying streak — 11 quarters in a row: For 11 consecutive quarters, more hedge funds added BALT 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 BALT?

More buyers than sellers — 63% buying: Last quarter: 171 funds were net buyers (47 opened a brand new position + 124 added to an existing one). Only 101 were sellers (72 trimmed + 29 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for BALT holders?

Smaller funds dominant — 7% AUM from top-100: 7 of 275 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 BALT?

Mixed — 28% long-term, 37% new: Of the 275 current holders: 76 (28%) held >2 years, 96 held 1–2 years, and 103 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 (BALT) following the 2026 Q1 hedge fund 13F filings?

As of today, BALT 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), BALT has gained +2.2% vs +14.1% 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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