Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (NDEC)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
1Q ▼
Buyers last Q
34%

Smart Money Signals — NDEC

Based on 44 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 5Q
For 1 consecutive quarter, more hedge funds reduced or closed their NDEC 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 — 94% of 1.5Y peak

94% of all-time peak
44 funds currently hold this stock — 94% of the 1.5-year high of 47 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +42% more funds vs a year ago

fund count last 6Q
+13 new funds entered over the past year (+42% 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. The peak was reached in just 4 quarters from the low — a sharp move.
🔴

Heavy selling pressure — only 34% buying

14 buying27 selling
Last quarter: 27 funds sold vs only 14 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-11 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 3 → 9 → 16 → 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.
🔄

Mostly new holders — 45% entered in last year

■ 0% conviction (2yr+) ■ 55% medium ■ 45% new
Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
➡️

Steady discovery — ~5 new funds/quarter

11 → 3 → 9 → 16 → 5 new funds/Q
New funds entering each quarter: 3 → 9 → 16 → 5. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱

Early stage — 68% of holders entered in last year

■ 0% veterans ■ 32% 1-2yr ■ 68% new
Of 44 current holders: 30 (68%) entered in the past year, only 0 (0%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
📋

Smaller funds dominant — 5% AUM from top-100

5% from top-100 AUM funds
5 of 44 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.
5.5
out of 10
Moderate Exit Risk
Exit risk score 5.5/10 — 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 — NDEC

In 2026 Q1, 14 hedge funds were net buyers of NDEC (5 opened a new position, 9 added to an existing one), while 27 reduced or exited (19 trimmed, 8 sold completely) — a 34% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 44.

Hedge Fund Ownership: NDEC

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

Market Analysis: NDEC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NDEC

-- --

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

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

Signal Freshness measures how much NDEC 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
NDEC
+11.6%
SPY
+15.9%

NDEC outperformed SPY by -4.3% since March 31, 2026.

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

Since the filing became public, NDEC 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.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: NDEC
44 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 44 47 -6.38%
13F Shares 2M 2M 17.05%
Total Value $48M $43M 12.73%
New Positions 5 16 -11
Increased Positions 9 22 -13
Closed Positions 8 5 +3
Reduced Positions 19 6 +13
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NDEC

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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)

44 + investors

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

QUARTER:
Top 25 NDEC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 SMI Advisory Services, LLC 1.87% 415,766 $11.3M
2 Liberty Atlantic Advisors LLC 0.73% 31,530 $850K
3 Corrado Advisors, LLC 0.68% 48,496 $1.3M
4 Secured Retirement Advisors, LLC 0.38% 24,675 $665K
5 FSA Advisors, Inc. 0.31% 17,424 $470K
6 Fortune Financial Group, Inc. 0.24% 10,000 $269K
7 TrustBank 0.18% 17,225 $464K
8 Diligent Investors, LLC 0.15% 22,750 $613K
9 FWG Investments, LLC. 0.15% 8,842 $238K
10 Beacon Financial Advisory LLC 0.12% 19,234 $518K
11 Gill Capital Partners, LLC 0.09% 11,270 $304K
12 Calton & Associates, INC. 0.05% 13,558 $365K
13 DHJJ Financial Advisors, Ltd. 0.04% 4,763 $128K
14 MAI Capital Management 0.02% 125,757 $3.4M
15 Noble Wealth Management PBC 0.02% 1,260 $34K
16 Keating Financial Advisory Services, Inc. 0.01% 2,687 $72K
17 Independent Financial Group, LLC 0.01% 14,500 $391K
18 Creative Financial Designs Inc /Adv 0.01% 5,950 $160K
19 Phoenix Financial Ltd. 0.01% 31,195 $836K
20 Mgo One Seven LLC 0.01% 11,513 $310K
21 Commonwealth Equity Services, LLC 0.01% 161,279 $4.3M
22 AdvisorNet Financial, Inc 0.01% 4,094 $110K
23 Mutual Advisors, LLC 0.01% 9,439 $254K
24 Capital Investment Advisory Services, LLC 0.00% 2,119 $57K
25 Osaic Holdings, INC. 0.00% 92,540 $2.5M
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 (NDEC)

What does the Smart Money Trend signal show for NDEC?

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

Heavy selling pressure — only 34% buying: Last quarter: 27 funds sold vs only 14 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 NDEC holders?

Smaller funds dominant — 5% AUM from top-100: 5 of 44 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 NDEC?

Mostly new holders — 45% entered in last year: Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Innovator Etfs Trust (NDEC) following the 2026 Q1 hedge fund 13F filings?

As of today, NDEC 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), NDEC has gained +11.6% 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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