Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (NNOV)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +10
Streak
6Q ▲
Buyers last Q
40%

Smart Money Signals — NNOV

Based on 64 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 6 quarters in a row

last 6Q
For 6 consecutive quarters, more hedge funds added NNOV 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
64 hedge funds hold NNOV right now — the highest count in 1.8 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 — +205% more funds vs a year ago

fund count last 6Q
+43 new funds entered over the past year (+205% 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.
🟠

More sellers than buyers — 40% buying

22 buying33 selling
Last quarter: 33 funds reduced or exited vs 22 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~15 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 7 → 32 → 12 → 15. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 69% entered in last year

■ 0% conviction (2yr+) ■ 31% medium ■ 69% 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.
📊

Peak discovery — momentum slowing

6 → 7 → 32 → 12 → 15 new funds/Q
New funds entering each quarter: 7 → 32 → 12 → 15. NNOV is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🌱

Early stage — 72% of holders entered in last year

■ 0% veterans ■ 28% 1-2yr ■ 72% new
Of 64 current holders: 46 (72%) 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 — 8% AUM from top-100

8% from top-100 AUM funds
4 of 64 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
6.9
out of 10
Moderate Exit Risk
Exit risk score 6.9/10 — 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 — NNOV

In 2026 Q2, 22 hedge funds were net buyers of NNOV (15 opened a new position, 7 added to an existing one), while 33 reduced or exited (28 trimmed, 5 sold completely) — a 40% buyer ratio, indicating roughly balanced activity. This marks 6 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 64.

Hedge Fund Ownership: NNOV

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

Market Analysis: NNOV

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NNOV

-- --

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.

2 top-rated funds 1 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
1.4
/ 10
conviction
Hedge Fund Positioning: NNOV
2026 Q3 Stats Unlock in 5 days 63 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 63 54 16.67%
13F Shares 2M 2M -6.17%
Total Value $58M $54M 5.92%
New Positions 15 12 +3
Increased Positions 7 13 -6
Closed Positions 6 9 -3
Reduced Positions 28 21 +7
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NNOV

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q3)

63 + investors

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

QUARTER:
2026 Q3 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 NNOV holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Goldenstone Wealth Management LLC 0.98% 47,975 $1.6M
2 Seven Hills Financial, LLC 0.49% 24,749 $806K
3 Clear Point Advisors Inc. 0.45% 20,461 $666K
4 Grantvest Financial Group LLC 0.26% 13,719 $447K
5 TrustBank 0.20% 19,879 $647K
6 Superior Planning, LLC 0.20% 14,500 $472K
7 FSA Advisors, Inc. 0.20% 13,830 $450K
8 Carmel Capital Partners, LLC 0.17% 14,500 $472K
9 Diligent Investors, LLC 0.14% 19,175 $624K
10 Crown Wealth Group, LLC 0.13% 16,600 $541K
11 CWC Advisors, LLC. 0.10% 6,833 $223K
12 Corrado Advisors, LLC 0.10% 6,416 $209K
13 Worth Financial Advisory Group, LLC 0.09% 6,730 $219K
14 Gill Capital Partners, LLC 0.09% 9,951 $324K
15 Cypress Wealth Services, LLC 0.08% 19,411 $637K
16 Keystone Wealth Services, LLC 0.07% 12,000 $390K
17 Mosley Wealth Management 0.04% 4,443 $145K
18 Insigneo Advisory Services, LLC 0.04% 25,974 $846K
19 AdvisorNet Financial, Inc 0.03% 23,521 $765K
20 DHJJ Financial Advisors, Ltd. 0.03% 3,478 $113K
21 Calton & Associates, INC. 0.03% 8,849 $288K
22 Creative Financial Designs Inc /Adv 0.03% 19,750 $643K
23 CRA Financial Services, LLC 0.03% 7,000 $228K
24 Tradition Wealth Management, LLC 0.02% 9,722 $317K
25 IFP Advisors, Inc 0.01% 21,193 $690K
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 (NNOV)

What does the Smart Money Trend signal show for NNOV?

Buying streak — 6 quarters in a row: For 6 consecutive quarters, more hedge funds added NNOV 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 NNOV?

More sellers than buyers — 40% buying: Last quarter: 33 funds reduced or exited vs 22 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for NNOV holders?

Smaller funds dominant — 8% AUM from top-100: 4 of 64 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held NNOV?

Mostly new holders — 69% 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.

Full history →