Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (BSEP)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -15
Streak
1Q ▼
Buyers last Q
20%

Smart Money Signals — BSEP

Based on 99 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 BSEP 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 — 87% of 3.0Y peak

87% of all-time peak
99 funds currently hold this stock — 87% of the 3.0-year high of 114 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding BSEP is almost the same as a year ago (+2 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
🔴

Heavy selling pressure — only 20% buying

16 buying63 selling
Last quarter: 63 funds sold vs only 16 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-13 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 10 → 14 → 18 → 5. 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.
🔒

70% of holders stayed for 2+ years

■ 70% conviction (2yr+) ■ 16% medium ■ 14% new
69 out of 99 hedge funds have held BSEP 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.
➡️

Steady discovery — ~5 new funds/quarter

6 → 10 → 14 → 18 → 5 new funds/Q
New funds entering each quarter: 10 → 14 → 18 → 5. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 69% of holders stayed 2+ years

■ 69% veterans ■ 17% 1-2yr ■ 14% new
Of 99 current holders: 68 (69%) 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 — 4% AUM from top-100

4% from top-100 AUM funds
4 of 99 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.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — 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 — BSEP

In 2026 Q1, 16 hedge funds were net buyers of BSEP (5 opened a new position, 11 added to an existing one), while 63 reduced or exited (43 trimmed, 20 sold completely) — a 20% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: -15 funds (more exits than new entries). Total institutional holders: 99.

Hedge Fund Ownership: BSEP

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

Market Analysis: BSEP

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BSEP

-- --

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

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

Signal Freshness measures how much BSEP 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 · 80d ago
BSEP
+9.4%
SPY
+13.9%

BSEP outperformed SPY by -4.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
BSEP
+1.3%
SPY
+0.2%

Since the filing became public, BSEP outperformed SPY by +1.1% .

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
0.9
/ 10
conviction
Hedge Fund Positioning: BSEP
99 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 99 114 -13.16%
13F Shares 3M 4M -27.04%
Total Value $111M $188M -40.86%
New Positions 5 18 -13
Increased Positions 11 18 -7
Closed Positions 20 4 +16
Reduced Positions 43 46 -3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BSEP

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

99 + investors

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

QUARTER:
Top 25 BSEP holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Outlook Wealth Advisors, LLC 3.70% 318,020 $15.3M
2 FSA Advisors, Inc. 0.99% 31,355 $1.5M
3 Lantz Financial LLC 0.63% 63,472 $3.1M
4 Diligent Investors, LLC 0.62% 52,449 $2.5M
5 Integral Investment Advisors, INC. 0.57% 47,537 $2.3M
6 DHJJ Financial Advisors, Ltd. 0.56% 35,372 $1.7M
7 TopTier Wealth Management, LLC 0.51% 17,162 $825K
8 My Personal CFO, LLC 0.50% 23,610 $1.1M
9 Maltin Wealth Management, Inc. 0.44% 23,834 $1.1M
10 Gwn Securities INC. 0.38% 41,832 $2.0M
11 WealthPLAN Partners, LLC 0.35% 38,210 $1.8M
12 Pinnacle Wealth Management Group, Inc. 0.33% 14,030 $675K
13 Financial Network Wealth Advisors LLC 0.32% 6,600 $317K
14 Chris Bulman Inc 0.28% 13,125 $631K
15 COFG Advisors, LLC 0.25% 20,940 $1.0M
16 Blue Bell Private Wealth Management, LLC 0.24% 35,292 $1.7M
17 Three Seasons Wealth, LLC 0.23% 12,590 $605K
18 IMG Wealth Management, Inc. 0.19% 6,042 $291K
19 Evolution Wealth Management INC. 0.18% 5,256 $253K
20 First Commonwealth Financial Corp /Pa/ 0.18% 23,379 $1.1M
21 Garden State Investment Advisory Services LLC 0.17% 15,925 $766K
22 Lewis Asset Management, LLC 0.17% 8,530 $410K
23 BCGM Wealth Management, LLC 0.12% 10,000 $481K
24 Share Andrew L. 0.10% 4,380 $211K
25 BCS Wealth Management 0.10% 9,882 $475K
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 (BSEP)

What does the Smart Money Trend signal show for BSEP?

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

Heavy selling pressure — only 20% buying: Last quarter: 63 funds sold vs only 16 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 BSEP holders?

Smaller funds dominant — 4% AUM from top-100: 4 of 99 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 BSEP?

70% of holders stayed for 2+ years: 69 out of 99 hedge funds have held BSEP 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 (BSEP) following the 2026 Q1 hedge fund 13F filings?

As of today, BSEP has moved +1.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +1.1%. Since the quarter end (March 31, 2026), BSEP has gained +9.4% 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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