Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (BDEC)

110 + Investors. Track Smart Money conviction in BDEC. 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
39%

Smart Money Signals — BDEC

Based on 110 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 BDEC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (96% of max)

96% of all-time peak
110 hedge funds hold BDEC 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
+14 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.
🔴

Heavy selling pressure — only 39% buying

32 buying50 selling
Last quarter: 50 funds sold vs only 32 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

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

new funds entering per quarter
Funds opening this position for the first time: 8 → 9 → 21 → 12. 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.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 20% medium ■ 20% new
66 out of 110 hedge funds have held BDEC 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.
💎

Buying through price weakness — shares -3%, value -19%

Value
-18%
Shares
-2%
Last quarter: funds added -3% more shares while total portfolio value only changed -19%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

11 → 8 → 9 → 21 → 12 new funds/Q
New funds entering each quarter: 8 → 9 → 21 → 12. A growing number of institutions are discovering BDEC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 64% veterans vs 24% newcomers

■ 64% veterans ■ 13% 1-2yr ■ 24% new
Entry-cohort mix of 110 holders: 70 (64%) are 2+ year veterans, 14 entered 1–2 years ago, and 26 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 4% AUM from top-100

4% from top-100 AUM funds
5 of 110 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — 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 — BDEC

In 2026 Q1, 32 hedge funds were net buyers of BDEC (12 opened a new position, 20 added to an existing one), while 50 reduced or exited (34 trimmed, 16 sold completely) — a 39% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 110.

Hedge Fund Ownership: BDEC

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

Market Analysis: BDEC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BDEC

-- --

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

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

Signal Freshness measures how much BDEC 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 · 76d ago
BDEC
+11.1%
SPY
+15.9%

BDEC outperformed SPY by -4.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 31d ago
BDEC
+1.6%
SPY
+2.0%

Since the filing became public, BDEC outperformed SPY by -0.4% .

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.

4 top-rated funds 1 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
1.4
/ 10
conviction
Hedge Fund Positioning: BDEC
110 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 110 114 -3.51%
13F Shares 4M 4M -2.83%
Total Value $151M $186M -18.61%
New Positions 12 21 -9
Increased Positions 20 42 -22
Closed Positions 16 7 +9
Reduced Positions 34 22 +12
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BDEC

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Valuation Measures Data as of: --

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

Financial Highlights

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Institutional Holders (2026 Q1)

110 + investors

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

QUARTER:
Top 25 BDEC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Gts Financial, LLC 2.29% 69,114 $2.9M
2 TopTier Wealth Management, LLC 1.45% 49,002 $2.4M
3 My Personal CFO, LLC 1.39% 66,181 $3.2M
4 Chris Bulman Inc 1.08% 51,423 $2.5M
5 FSA Advisors, Inc. 0.82% 25,900 $1.2M
6 NovaPoint Capital, LLC 0.58% 48,529 $2.3M
7 IMG Wealth Management, Inc. 0.39% 12,697 $609K
8 Integral Investment Advisors, INC. 0.39% 32,384 $1.6M
9 Brookstone Capital Management 0.39% 703,370 $33.8M
10 FWG Investments, LLC. 0.36% 11,695 $561K
11 BCS Wealth Management 0.26% 26,666 $1.3M
12 Three Seasons Wealth, LLC 0.24% 13,275 $637K
13 PCA Investment Advisory Services Inc. 0.23% 14,628 $702K
14 Resolute Wealth Advisor, INC. 0.23% 8,555 $411K
15 Lantz Financial LLC 0.23% 22,725 $1.1M
16 Wealthgarden F.S. LLC 0.22% 6,674 $320K
17 Pinnacle Wealth Management Group, Inc. 0.21% 9,000 $432K
18 DHJJ Financial Advisors, Ltd. 0.21% 12,995 $624K
19 Commerce Advisors, LLC 0.19% 4,650 $223K
20 Grantvest Financial Group LLC 0.19% 6,015 $289K
21 Outlook Wealth Advisors, LLC 0.16% 13,457 $646K
22 WealthPLAN Partners, LLC 0.15% 16,021 $769K
23 Bellwether Advisors, LLC 0.15% 17,868 $858K
24 Seros Financial, LLC 0.14% 4,577 $220K
25 Valtinson Bruner Financial Planning LLC 0.13% 9,539 $458K
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 (BDEC)

What does the Smart Money Trend signal show for BDEC?

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

Heavy selling pressure — only 39% buying: Last quarter: 50 funds sold vs only 32 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 BDEC holders?

Smaller funds dominant — 4% AUM from top-100: 5 of 110 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held BDEC?

60% of holders stayed for 2+ years: 66 out of 110 hedge funds have held BDEC 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 (BDEC) following the 2026 Q1 hedge fund 13F filings?

As of today, BDEC has moved +1.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of -0.4%. Since the quarter end (March 31, 2026), BDEC has gained +11.1% vs +15.9% 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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