Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INNOVATOR ETFS TRUST (NJAN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
2Q ▼
Buyers last Q
35%

Smart Money Signals — NJAN

Based on 95 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their NJAN 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 (95% of max)

95% of all-time peak
95 hedge funds hold NJAN 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 — +17% more funds vs a year ago

fund count last 6Q
+14 new funds entered over the past year (+17% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🔴

Heavy selling pressure — only 35% buying

28 buying53 selling
Last quarter: 53 funds sold vs only 28 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~14 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 23 → 14 → 11 → 14. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 28% medium ■ 21% new
48 out of 95 hedge funds have held NJAN 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

16 → 23 → 14 → 11 → 14 new funds/Q
New funds entering each quarter: 23 → 14 → 11 → 14. NJAN 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 — 47% of holders stayed 2+ years

■ 47% veterans ■ 21% 1-2yr ■ 32% new
Of 95 current holders: 45 (47%) 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 — 3% AUM from top-100

3% from top-100 AUM funds
3 of 95 holders rank in the top 100 by AUM, but together hold only 3% 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.

Hedge Fund Ownership: NJAN

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

Market Analysis: NJAN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NJAN

-- --
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
1.3
/ 10
conviction
Hedge Fund Positioning: NJAN
2026 Q1 Stats Unlock in 22 days 95 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 95 96 -1.04%
13F Shares 4M 4M -5.44%
Total Value $195M $199M -2.15%
New Positions 14 11 +3
Increased Positions 14 18 -4
Closed Positions 15 15 -
Reduced Positions 38 39 -1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NJAN

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Valuation Measures Data as of: --

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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)

95 + investors

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

Top 25 institutional holders of NJAN — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Long Island Wealth Management, Inc. 2.79% 112,785 $6.0M
2 My Personal CFO, LLC 0.84% 36,000 $1.9M
3 Diligent Investors, LLC 0.68% 51,129 $2.7M
4 Outlook Wealth Advisors, LLC 0.61% 47,582 $2.5M
5 DHJJ Financial Advisors, Ltd. 0.61% 34,272 $1.8M
6 Crown Wealth Group, LLC 0.60% 38,337 $2.0M
7 Liberty Atlantic Advisors LLC 0.57% 12,400 $662K
8 CWC Advisors, LLC. 0.36% 14,370 $767K
9 AdvisorNet Financial, Inc 0.35% 125,506 $6.7M
10 Fortune Financial Group, Inc. 0.34% 7,036 $376K
11 Element Squared LLC 0.12% 4,131 $220K
12 RETIREMENT GUYS FORMULA LLC 0.09% 3,847 $205K
13 Faithward Advisors, LLC 0.07% 9,013 $481K
14 CRA Financial Services, LLC 0.07% 9,675 $516K
15 Berkshire Money Management, Inc. 0.07% 12,055 $643K
16 Janney Montgomery Scott LLC 0.06% 452,190 $24K
17 BCS Wealth Management 0.06% 5,372 $287K
18 BIP Wealth, LLC 0.05% 23,905 $1.3M
19 SILVER OAK SECURITIES, INCORPORATED 0.05% 13,030 $695K
20 Focus Financial Network, Inc. 0.05% 23,860 $1.3M
21 CREATIVE FINANCIAL DESIGNS INC /ADV 0.04% 13,860 $740K
22 Cambridge Advisors Inc. 0.04% 3,781 $202K
23 Noble Wealth Management PBC 0.03% 1,097 $59K
24 RED REEF ADVISORS LLC 0.03% 500 $27K
25 Certified Advisory Corp 0.03% 5,703 $304K
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 (NJAN)

What does the Smart Money Trend signal show for NJAN?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their NJAN 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 NJAN?

Heavy selling pressure — only 35% buying: Last quarter: 53 funds sold vs only 28 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 NJAN holders?

Smaller funds dominant — 3% AUM from top-100: 3 of 95 holders rank in the top 100 by AUM, but together hold only 3% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held NJAN?

51% of holders stayed for 2+ years: 48 out of 95 hedge funds have held NJAN 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.

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.