INNOVATOR ETFS TRUST (BSTP): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

INNOVATOR ETFS TRUST (BSTP)

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

Smart Money Signals — BSTP

Based on 38 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their BSTP 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 (97% of max)

97% of all-time peak

38 hedge funds hold BSTP 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.

〰️

Stable — ownership unchanged year-over-year

fund count last 6Q

The number of hedge funds holding BSTP is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.

🔴

Heavy selling pressure — only 38% buying

11 buying18 selling

Last quarter: 18 funds sold vs only 11 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

➡️

Steady new buyers — ~1 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 2 → 5 → 2 → 1. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 39% medium ■ 3% new

22 out of 38 hedge funds have held BSTP 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.

⚠️

Saturation — most institutions already know this story

11 → 2 → 5 → 2 → 1 new funds/Q

New funds entering each quarter: 2 → 5 → 2 → 1. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.

🏛️

Deep conviction — 55% of holders stayed 2+ years

■ 55% veterans ■ 21% 1-2yr ■ 24% new

Of 38 current holders: 21 (55%) 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 — 5% AUM from top-100

5% from top-100 AUM funds

5 of 38 holders rank in the top 100 by AUM, but together hold only 5% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

3.6

out of 10

Low Exit Risk

Exit risk score 3.6/10 — 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.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	38	39	-2.56%
13F Shares	1M	1M	-1.37%
Total Value	$47M	$46M	0.27%
New Positions	1	2	-1
Increased Positions	10	12	-2
Closed Positions	2	2	-
Reduced Positions	16	15	+1
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

-2.56%

13F Shares

-1.37%

Total Value

$47M

$46M

0.27%

New Positions

-1

Increased Positions

-2

Closed Positions

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

38 + investors

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

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

Top 13 institutional holders of BSTP — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Cambridge Advisors Inc.	0.60%	86,065	$3.1M
2	Arlington Capital Management, Inc.	0.28%	13,896	$500K
3	NATIONS FINANCIAL GROUP INC, /IA/ /ADV	0.14%	75,524	$2.7M
4	Krilogy Financial LLC	0.03%	21,880	$827K
5	KFG WEALTH MANAGEMENT, LLC	0.03%	5,615	$202K
6	SIGNATURE ESTATE & INVESTMENT ADVISORS LLC	0.01%	19,594	$706K
7	Brookstone Capital Management	0.01%	27,642	$995K
8	DIVERSIFY WEALTH MANAGEMENT, LLC	0.01%	7,731	$294K
9	COMMONWEALTH EQUITY SERVICES, LLC	0.00%	55,782	$2.0M
10	Merit Financial Group, LLC	0.00%	8,173	$294K
11	Kestra Advisory Services, LLC	0.00%	5,842	$210K
12	DHJJ Financial Advisors, Ltd.	0.00%	10	—
13	IFP Advisors, Inc	0.00%	6	—

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 (BSTP)

What does the Smart Money Trend signal show for BSTP?

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

Heavy selling pressure — only 38% buying: Last quarter: 18 funds sold vs only 11 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 BSTP holders?

Smaller funds dominant — 5% AUM from top-100: 5 of 38 holders rank in the top 100 by AUM, but together hold only 5% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held BSTP?

58% of holders stayed for 2+ years: 22 out of 38 hedge funds have held BSTP 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.

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.

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INNOVATOR ETFS TRUST (BSTP)

Smart Money Signals — BSTP

Selling streak — 1 quarter in a row

At the ownership peak (97% of max)

Stable — ownership unchanged year-over-year

Heavy selling pressure — only 38% buying

Steady new buyers — ~1 new funds per quarter

58% of holders stayed for 2+ years

Saturation — most institutions already know this story

Deep conviction — 55% of holders stayed 2+ years

Smaller funds dominant — 5% AUM from top-100

Hedge Fund Ownership: BSTP

Market Analysis: BSTP

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: BSTP

Hedge Fund Positioning: BSTP

Statistics: BSTP

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — INNOVATOR ETFS TRUST (BSTP)

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