Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (NMAR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
39%

Smart Money Signals — NMAR

Based on 45 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 5Q
For 1 consecutive quarter, more hedge funds reduced or closed their NMAR 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 (96% of max)

96% of all-time peak
45 hedge funds hold NMAR right now — the highest count in 1.5 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.
🚀

Fast accumulation — +67% more funds vs a year ago

fund count last 6Q
+18 new funds entered over the past year (+67% 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 39% buying

15 buying23 selling
Last quarter: 23 funds sold vs only 15 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-13 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 5 → 3 → 18 → 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 — 42% entered in last year

■ 0% conviction (2yr+) ■ 58% medium ■ 42% 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.
💰

Price up while funds trimmed (+1% value, -15% shares)

Value
+1%
Shares
-14%
Last quarter: total value of institutional NMAR holdings rose +1% even though funds reduced share count by 15%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
➡️

Steady discovery — ~5 new funds/quarter

8 → 5 → 3 → 18 → 5 new funds/Q
New funds entering each quarter: 5 → 3 → 18 → 5. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱

Early stage — 62% of holders entered in last year

■ 0% veterans ■ 38% 1-2yr ■ 62% new
Of 45 current holders: 28 (62%) 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 — 2% AUM from top-100

2% from top-100 AUM funds
4 of 45 holders rank in the top 100 by AUM, but together hold only 2% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
5.6
out of 10
Moderate Exit Risk
Exit risk score 5.6/10 — 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 — NMAR

In 2026 Q2, 15 hedge funds were net buyers of NMAR (5 opened a new position, 10 added to an existing one), while 23 reduced or exited (16 trimmed, 7 sold completely) — a 39% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 45.

Hedge Fund Ownership: NMAR

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

Market Analysis: NMAR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NMAR

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 2 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
1.6
/ 10
conviction
Hedge Fund Positioning: NMAR
45 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 45 47 -4.26%
13F Shares 3M 3M -14.82%
Total Value $82M $81M 1.43%
New Positions 5 18 -13
Increased Positions 10 17 -7
Closed Positions 7 1 +6
Reduced Positions 16 6 +10
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NMAR

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Institutional Holders (2026 Q2)

45 + investors

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

QUARTER:
Top 25 NMAR holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Element Squared LLC 20.73% 1,293,733 $41.7M
2 Cornerstone Wealth, LLC/TN 2.97% 182,346 $5.9M
3 Corrado Advisors, LLC 1.18% 79,644 $2.6M
4 TrustBank 0.28% 25,925 $835K
5 FSA Advisors, Inc. 0.12% 8,392 $270K
6 Diligent Investors, LLC 0.10% 14,300 $461K
7 Allie Family Office LLC 0.10% 8,315 $268K
8 DHJJ Financial Advisors, Ltd. 0.08% 8,098 $261K
9 Stonebridge Financial Group, LLC 0.04% 15,783 $508K
10 Cyndeo Wealth Partners, LLC 0.03% 21,212 $683K
11 Summit Wealth Partners, LLC 0.03% 6,705 $216K
12 Schnieders Capital Management, LLC. 0.03% 6,400 $206K
13 Keating Financial Advisory Services, Inc. 0.02% 5,660 $182K
14 MAI Capital Management 0.02% 151,597 $4.9M
15 Founders Financial Securities LLC 0.01% 8,069 $260K
16 Cresset Asset Management, LLC 0.01% 106,042 $3.4M
17 Integrity Alliance, LLC. 0.01% 7,322 $236K
18 Mutual Advisors, LLC 0.01% 11,864 $382K
19 Phoenix Financial Ltd. 0.01% 30,875 $993K
20 Old Mission Capital LLC 0.01% 12,051 $388K
21 Cetera Investment Advisers 0.00% 153,246 $4.9M
22 Merit Financial Group, LLC 0.00% 14,432 $465K
23 NewEdge Advisors, LLC 0.00% 26,375 $850K
24 IFP Advisors, Inc 0.00% 4,014 $129K
25 Ameriflex Group, INC. 0.00% 166 $5K
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 (NMAR)

What does the Smart Money Trend signal show for NMAR?

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

Heavy selling pressure — only 39% buying: Last quarter: 23 funds sold vs only 15 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 NMAR holders?

Smaller funds dominant — 2% AUM from top-100: 4 of 45 holders rank in the top 100 by AUM, but together hold only 2% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held NMAR?

Mostly new holders — 42% 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.

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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