Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (NJAN)

109 + 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
↑ +11
Streak
2Q ▲
Buyers last Q
65%

Smart Money Signals — NJAN

Based on 110 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added NJAN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
110 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 — +13% more funds vs a year ago

fund count last 6Q
+13 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 65% buying

66 buying35 selling
Last quarter: 66 funds were net buyers (24 opened a brand new position + 42 added to an existing one). Only 35 were sellers (22 trimmed + 13 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter
Funds opening a new NJAN position: 14 → 12 → 16 → 24. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 21% medium ■ 29% new
55 out of 110 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.
💎

Buying through price weakness — shares +27%, value -1%

Value
0%
Shares
+26%
Last quarter: funds added +27% more shares while total portfolio value only changed -1%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
🚀

Acceleration phase — new buyers rushing in

23 → 14 → 12 → 16 → 24 new funds/Q
New funds entering each quarter: 14 → 12 → 16 → 24. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 49% veterans vs 37% newcomers

■ 49% veterans ■ 14% 1-2yr ■ 37% new
Entry-cohort mix of 110 holders: 54 (49%) are 2+ year veterans, 15 entered 1–2 years ago, and 41 (37%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 4% AUM from top-100

4% from top-100 AUM funds
4 of 110 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.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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.

Institutional Sentiment Summary — NJAN

In 2026 Q1, 66 hedge funds were net buyers of NJAN (24 opened a new position, 42 added to an existing one), while 35 reduced or exited (22 trimmed, 13 sold completely) — a 65% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. Net fund flow last quarter: +11 funds (more new holders than closures). Total institutional holders: 110.

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

-- --

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

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

Signal Freshness measures how much NJAN 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 · 79d ago
NJAN
+9.7%
SPY
+13.9%

NJAN outperformed SPY by -4.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
NJAN
+0.5%
SPY
+0.2%

Since the filing became public, NJAN outperformed SPY by +0.3% .

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.

2 top-rated funds 3 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
2.8
/ 10
conviction
Hedge Fund Positioning: NJAN
109 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 109 99 10.1%
13F Shares 5M 4M 26.25%
Total Value $199M $201M -1.45%
New Positions 24 16 +8
Increased Positions 42 15 +27
Closed Positions 14 15 -1
Reduced Positions 22 39 -17
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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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
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Revenue (ttm) --
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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

109 + investors

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

QUARTER:
Top 25 NJAN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Red Crane Wealth Management, LLC 4.71% 107,244 $5.7M
2 Cornerstone Wealth, LLC/TN 4.38% 136,628 $7.8M
3 Long Island Wealth Management, Inc. 2.79% 112,785 $6.0M
4 Encompass More Asset Management 1.63% 182,460 $9.7M
5 Forty-three Eighteen Advisors, LLC 1.39% 34,569 $1.8M
6 Personal Cfo Solutions, LLC 1.18% 157,211 $8.4M
7 My Personal CFO, LLC 0.84% 36,000 $1.9M
8 VanWeelden Wealth Management, LLC 0.80% 18,736 $1000K
9 Diligent Investors, LLC 0.68% 51,129 $2.7M
10 FSA Advisors, Inc. 0.64% 18,056 $964K
11 Outlook Wealth Advisors, LLC 0.61% 47,582 $2.5M
12 DHJJ Financial Advisors, Ltd. 0.61% 34,272 $1.8M
13 Crown Wealth Group, LLC 0.60% 38,337 $2.0M
14 Liberty Atlantic Advisors LLC 0.57% 12,400 $662K
15 Mutual Advisors, LLC 0.55% 484,461 $25.9M
16 JDM Financial Group LLC 0.40% 19,476 $1.0M
17 CWC Advisors, LLC. 0.36% 14,370 $767K
18 Grantvest Financial Group LLC 0.35% 10,078 $538K
19 AdvisorNet Financial, Inc 0.35% 125,506 $6.7M
20 Fortune Financial Group, Inc. 0.34% 7,036 $376K
21 Triumph Capital Management 0.33% 30,041 $1.6M
22 Tradition Wealth Management, LLC 0.19% 49,920 $2.7M
23 TrustBank 0.17% 8,118 $433K
24 Corrado Advisors, LLC 0.17% 5,948 $317K
25 Arlington Capital Management, Inc. 0.16% 5,280 $282K
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?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added NJAN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NJAN?

More buyers than sellers — 65% buying: Last quarter: 66 funds were net buyers (24 opened a brand new position + 42 added to an existing one). Only 35 were sellers (22 trimmed + 13 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NJAN holders?

Smaller funds dominant — 4% AUM from top-100: 4 of 110 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 NJAN?

50% of holders stayed for 2+ years: 55 out of 110 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.

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

As of today, NJAN has moved +0.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +0.3%. Since the quarter end (March 31, 2026), NJAN has gained +9.7% 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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