Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (PAUG)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +5
Streak
1Q ▲
Buyers last Q
27%

Smart Money Signals — PAUG

Based on 213 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added PAUG 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 (96% of max)

96% of all-time peak
213 hedge funds hold PAUG 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
+24 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.
🔴

Heavy selling pressure — only 27% buying

44 buying120 selling
Last quarter: 120 funds sold vs only 44 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter
Funds opening a new PAUG position: 31 → 32 → 10 → 16. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 21% medium ■ 14% new
139 out of 213 hedge funds have held PAUG 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

20 → 31 → 32 → 10 → 16 new funds/Q
New funds entering each quarter: 31 → 32 → 10 → 16. PAUG is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 66% veterans vs 21% newcomers

■ 66% veterans ■ 13% 1-2yr ■ 21% new
Entry-cohort mix of 213 holders: 141 (66%) are 2+ year veterans, 27 entered 1–2 years ago, and 45 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 26% AUM from major funds

26% from top-100 AUM funds
10 of 213 holders rank in the top 100 by AUM, accounting for 26% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.4
out of 10
Moderate Exit Risk
Exit risk score 4.4/10 — 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 — PAUG

In 2026 Q2, 44 hedge funds were net buyers of PAUG (16 opened a new position, 28 added to an existing one), while 120 reduced or exited (109 trimmed, 11 sold completely) — a 27% buyer ratio, indicating net institutional distribution. 26% of total institutional value in PAUG is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +5 funds (more new holders than closures). Total institutional holders: 213.

Hedge Fund Ownership: PAUG

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

Market Analysis: PAUG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PAUG

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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.

4 top-rated funds 1 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
1.6
/ 10
conviction
Hedge Fund Positioning: PAUG
212 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 212 208 1.92%
13F Shares 16M 16M -0.36%
Total Value $640M $622M 2.9%
New Positions 15 10 +5
Increased Positions 28 22 +6
Closed Positions 11 24 -13
Reduced Positions 109 119 -10
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PAUG

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Institutional Holders (2026 Q2)

212 + investors

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

QUARTER:
Top 25 PAUG holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 McAlister, Sweet & Associates, Inc. 3.01% 123,580 $5.6M
2 Gill Capital Partners, LLC 1.60% 131,965 $6.0M
3 Cassady Wealth & Retirement Planning, LLC 1.32% 62,298 $2.8M
4 Diligent Investors, LLC 1.22% 119,596 $5.5M
5 Corrado Advisors, LLC 1.16% 55,384 $2.5M
6 Red Crane Wealth Management, LLC 1.11% 33,092 $1.5M
7 Gts Financial, LLC 1.02% 34,471 $1.4M
8 First City Capital Management, Inc. 1.00% 45,250 $2.1M
9 Mtm Financial Group, LLC 0.99% 50,714 $2.3M
10 BFI Wealth Solutions, LLC 0.97% 28,761 $1.3M
11 Yarger Wealth Strategies, LLC 0.96% 58,602 $2.7M
12 Ascent Wealth Partners, LLC 0.96% 210,214 $9.6M
13 Chris Bulman Inc 0.95% 56,987 $2.6M
14 Clay Northam Wealth Management, LLC 0.82% 36,370 $1.7M
15 Retirement Guys Formula LLC 0.69% 40,076 $1.8M
16 TopTier Wealth Management, LLC 0.69% 24,946 $1.1M
17 FSA Advisors, Inc. 0.68% 32,525 $1.5M
18 Southland Equity Partners LLC 0.66% 82,461 $3.8M
19 DHJJ Financial Advisors, Ltd. 0.64% 48,486 $2.2M
20 Rothschild Wealth LLC 0.62% 170,627 $7.8M
21 Bellwether Advisors, LLC 0.57% 84,532 $3.9M
22 Quest 10 Wealth Builders, Inc. 0.53% 14,972 $683K
23 Schulz Wealth, LTD. 0.52% 22,035 $1.0M
24 Keystone Wealth Services, LLC 0.51% 60,091 $2.7M
25 Orion Capital Management LLC 0.49% 34,915 $1.6M
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 (PAUG)

What does the Smart Money Trend signal show for PAUG?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added PAUG 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 PAUG?

Heavy selling pressure — only 27% buying: Last quarter: 120 funds sold vs only 44 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 PAUG holders?

Strong quality — 26% AUM from major funds: 10 of 213 holders rank in the top 100 by AUM, accounting for 26% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held PAUG?

65% of holders stayed for 2+ years: 139 out of 213 hedge funds have held PAUG 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.

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