Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (NAPR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
33%

Smart Money Signals — NAPR

Based on 97 hedge funds · latest filing: 2026 Q1 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
97 hedge funds hold NAPR 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 — +14% more funds vs a year ago

fund count last 6Q
+12 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🔴

Heavy selling pressure — only 33% buying

27 buying56 selling
Last quarter: 56 funds sold vs only 27 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~9 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 20 → 11 → 14 → 9. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 24% medium ■ 22% new
53 out of 97 hedge funds have held NAPR 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.
📊

Peak discovery — momentum slowing

13 → 20 → 11 → 14 → 9 new funds/Q
New funds entering each quarter: 20 → 11 → 14 → 9. NAPR is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 54% of holders stayed 2+ years

■ 54% veterans ■ 15% 1-2yr ■ 31% new
Of 97 current holders: 52 (54%) 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 — 9% AUM from top-100

9% from top-100 AUM funds
7 of 97 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.5
out of 10
Moderate Exit Risk
Exit risk score 4.5/10 — 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 — NAPR

In 2026 Q1, 27 hedge funds were net buyers of NAPR (9 opened a new position, 18 added to an existing one), while 56 reduced or exited (47 trimmed, 9 sold completely) — a 33% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 97.

Hedge Fund Ownership: NAPR

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

Market Analysis: NAPR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NAPR

-- --

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

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

Signal Freshness measures how much NAPR 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 · 78d ago
NAPR
+7.8%
SPY
+15.9%

NAPR outperformed SPY by -8.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
NAPR
+0.3%
SPY
+2.0%

Since the filing became public, NAPR outperformed SPY by -1.7% .

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.

3 top-rated funds 1 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: NAPR
97 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 97 97 -
13F Shares 2M 2M -5.63%
Total Value $114M $129M -11.07%
New Positions 9 14 -5
Increased Positions 18 16 +2
Closed Positions 9 12 -3
Reduced Positions 47 45 +2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NAPR

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Financial Highlights

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Institutional Holders (2026 Q1)

97 + investors

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

QUARTER:
Top 25 NAPR holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 FOCUS Wealth Advisors, LLC 5.91% 221,430 $12.1M
2 Red Crane Wealth Management, LLC 3.16% 70,324 $3.8M
3 Forty-three Eighteen Advisors, LLC 1.41% 34,166 $1.9M
4 Corrado Advisors, LLC 0.75% 26,221 $1.4M
5 PlanVest Financial, Inc 0.65% 15,612 $853K
6 FSA Advisors, Inc. 0.53% 14,829 $810K
7 Cornerstone Wealth, LLC/TN 0.47% 14,590 $842K
8 Prairie Wealth Advisors, Inc. 0.46% — $1.1M
9 Outlook Wealth Advisors, LLC 0.46% 34,834 $1.9M
10 Gwn Securities INC. 0.37% 35,721 $2.0M
11 Tradition Wealth Management, LLC 0.36% 93,595 $5.1M
12 Keystone Wealth Services, LLC 0.31% 26,819 $1.5M
13 Cambridge Advisors Inc. 0.31% 29,053 $1.6M
14 Liberty Atlantic Advisors LLC 0.31% 6,582 $360K
15 Optimist Retirement Group LLC 0.30% 12,469 $681K
16 Diligent Investors, LLC 0.28% 20,991 $1.1M
17 TrustBank 0.27% 12,539 $685K
18 DHJJ Financial Advisors, Ltd. 0.26% 14,234 $777K
19 Arlington Capital Management, Inc. 0.24% 7,847 $429K
20 BCS Wealth Management 0.22% 19,649 $1.1M
21 Collaborative Wealth Managment Inc. 0.20% 8,029 $439K
22 Navis Wealth Advisors, LLC 0.15% 5,514 $301K
23 Valtinson Bruner Financial Planning LLC 0.14% 9,463 $517K
24 Beacon Financial Advisory LLC 0.12% 9,560 $522K
25 BIP Wealth, LLC 0.10% 44,474 $2.4M
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 (NAPR)

What does the Smart Money Trend signal show for NAPR?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for NAPR?

Heavy selling pressure — only 33% buying: Last quarter: 56 funds sold vs only 27 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 NAPR holders?

Smaller funds dominant — 9% AUM from top-100: 7 of 97 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held NAPR?

55% of holders stayed for 2+ years: 53 out of 97 hedge funds have held NAPR 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 (NAPR) following the 2026 Q1 hedge fund 13F filings?

As of today, NAPR has moved +0.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of -1.7%. Since the quarter end (March 31, 2026), NAPR has gained +7.8% 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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